International Bank for Reconstruction and Development (IBRD) is popularly known as:

1. World Bank.
2. Bank of Tokyo.
3. American Express.
4. HSBC Bank.

Opening up the economy to the economies of the world so that Indian economy can compute at international level is called:

1. Liberalisation.
2. Globalisation.
3. Privatisation.
4. None of the above.

__________________ means the excess of anticipated expenditures over estimated revenue.

1. Surplus.
2. Deficit.
3. Loss.
4. Profit.

Which of the following is/are objective(s) of GST?

1. To eliminate classification dispute between goods and services.
2. To bring uniformity in tax rates.
3. To ensure availability of input tax credit across the value chain.

Choose from the options below:

1. Both (i) and (ii).
2. Both(i) and (iii).
3. Both (ii) and (iii).
4. All of these.

TRIPS stands for:

1. Tariff and Revenue for Indian Policies for Stabilisation.
2. Trade Related Intellectual Property Rights.
3. Tariff and Revenue for Indian Policy Strategy.
4. Trade related Indian Property Rights.

Predecessor of WTO is:

1. General Agreement on Trade and Tariff.
2. General Announcement on Trade and Tax.
3. General Agreement on Taxes and Trials.
4. None of the above.

When was WTO established?

1. 1991
2. 1981
3. 1995
4. 2000

_______ sector has got maximum boost from new economic policy 1991.

1. Primary Sector.
2. Secondary Sector.
3. Tertiary Sector.
4. All of the above.

Which market form has declined with coming of NEP?

1. Monopoly Market.
2. Perfect Competition.
3. Oligopoly.
4. Monopolistic Competition.