Deregulation of the economy and to introduce the policy of laissez-faire can be achieved through:

1. Liberalisation.
2. Globalisation.
3. Privatisation.
4. None of these.

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 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.

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 true about economic crisis of India in 1990?

1. India was highly indebted country, pay ₹ 10,000 crore as interest payment.
2. Foreign exchange reserves showed a marginal rise owing to policies between 1950 to 1990.
3. Inflation rate was very high at 16.8% per annum.
4. BOP was in deficit of ₹ 30,000 crore.

When was New Economic Policy announced?

1. In July, 1991
2. In June, 1991
3. In July, 1996
4. In June, 1992

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.

Which of the following policies were taken under 'structural reform measures?

1. Correcting BOP.
2. Controlling inflation.
3. Improving economic efficiency.
4. Increasing international competitiveness.

Choose from the options below:

1. Both (i) and (ii).
2. Both (ii) and (iii).
3. Both (iii) and (iv).
4. Both (ii), (iii) and (iv).

Why privatisation is considered as better policy to improve efficiency of sick PSU's?

1. Private sector is more efficient.
2. Private sector operates for profit.
3. Private sector provide job security.
4. Both (a) and (b).