CA CPT - Basics of General Economics - Economic Reforms in India

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Question - 1

Economic Policies followed by India, immediately after independence, were________ in nature.

  • A Conservative
  • B Liberalised
  • C Globalised
  • D None of the above

Question - 2

Liberalisation refers to______

  • A Relaxation of previous government restrictions usually in the areas of social and economic policies.
  • B Transferring the assets and service functions from public to private sectors
  • C Disposal of public sector units equity in the market
  • D None of these

Question - 3

Conservative Economic Policies were followed by India, immediately after independence in-

  • A Industrial Sector
  • B External Trade Sector
  • C Financial Sector
  • D All of the above

Question - 4

In the pre-liberalization period, dominant position was given to______ Sector in India

  • A Private
  • B Public
  • C Both (a) and (b)
  • D Neither (a) nor (b)

Question - 5

In the pre-liberalization period-

  • A Full support was given to Private Sector in all industries
  • B Industries were reserved exclusively for Public sector
  • C Both (a) and (b)
  • D Neither (a) nor (b)

Question - 6

In the pre-reforms period (l.e. before 1991), Banking Scene was dominated by ___________Sector.

  • A Private
  • B Public
  • C Both (a) and (b)
  • D Neither (a) nor (b)

Question - 7

In the pre-reforms period (l.e, before 1991), CRR and SLR were-

  • A High
  • B Low
  • C Moderate
  • D Nothing can be said

Question - 8

In the pre-reforms period (i.e. before 1991), Interest Rate Structure in the economy-

  • A Left to the interaction of market forces
  • B Administered by RBI and Government
  • C Not relevant at all
  • D Nothing can be said

Question - 9

In the pre-reforms period (i.e. before 1991), entry of Foreign Firms into the country was -

  • A Restricted
  • B Freely permissible
  • C Not relevant at all
  • D Nothing can be said

Question - 10

In the pre-reforms period (i.e. before 1991), Import permission was available primarily for -

  • A Consumer Goods
  • B capital Goods
  • C Both (a) and (b)
  • D Neither (a) nor (b)
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