LQP stands for:

1. License, Quota and Permit.
2. Liberalisation, Quality Improvement and Production.
3. License, quality and Production.
4. Liberalisation, Quota and Permit.

What was the immediate crisis India faced in the beginning of the 1990s?

1. Inflation.
2. Debt trap.
3. Foreign exchange crisis.
4. All of the above.

__________________ means the excess of anticipated expenditures over estimated revenue.

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

Objectives of privatisation policy are:

1. To improve the government's financial position.
2. To improve the performance of an enterprise.
3. To reduce the burden on public administration.
4. All the above.

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.

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.

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.

At present India is the _______ largest foreign exchange holder of the world.

1. fifth.
2. sixth.
3. seventh.
4. eighth.

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.

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.