Devaluation of a currency means:

1. Fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners
2. Permitting the currency to seek its worth in the international market.
3. Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies.
4. Reduction in the value of domestic currency in relation to other currencies in the world

Which of the following is not a navratna company?

1. Bharat Petroleum Corporation Limited.
2. Gas Authority of India Limited.
3. Indian Railways.
4. Steel Authority of India Limited.

The pre-condition of privatisation to be successful requires:

1. Liberalisation and de-regulation of the economy.
2. Capital markets should be sufficiently developed.
3. Both (a) and (b).
4. None of these.

Which of the following is/ are not true for financial sector reforms?

1. The role of RBI changed to regulator.
2. Private sector banks were allowed to work.
3. Bank were allowed to expand their branches without prior approval.
4. All of the above are true.

Which of the following is not a method of privatisation?

1. Disinvestment.
2. Sale of PSUs to private sector.
3. Contraction of PSUs.
4. Sale of PSUs to government.

Rate of which tax was reduced as per the tax reforms:

1. Income tax.
2. Corporation tax.
3. Value-added tax.
4. Property tax.

________ was the predecessor organisation to World Trade Organisation (WTO).

1. International Bank for Reconstruction and Development (IBRD)
2. International Monetary Fund (IMF)
3. Reserve Bank of India (RBI)
4. General Agreement on Tariffs and Trade (GATT)

Which of the following statements is against globalisation?

1. It will improve allocative efficiency of resources.
2. It will redistribute economic power.
3. It will impose tariff barriers among nations.
4. It will provide updated technology.

The origin of the financial crisis can be traced from the inefficient management of the Indian economy, which of the following reasons are responsible?

1. Government did not able to generate sufficient revenue.
2. Government expenditure began to exceed its revenue.
3. Government borrowed money for meeting consumption needs.
4. All of the above.