Economic Reforms Since 1991 CBSE Questions & Answers

Economic Reforms Since 1991

This is Economics Class 11 Economic Reforms Since 1991 CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
LPG stands for
  • A
    Liberalisation, Performance, Globalisation
  • B
    Liberalisation, Privatisation , Growth
  • C
    Liberalisation, Privatisation Globalisation
    Correct
  • D
    Liberalisation, Privatisation Growth
2
Trade agreement made by a country with more than two nations exchanging goods and services
  • A
    None
  • B
    Bilateral trade agreement
  • C
    Trilateral trade agreement
  • D
    Multilateral trade agreement
    Correct
3
PSU is
  • A
    Producing sector undertaking
  • B
    Public sector undertaking
    Correct
  • C
    Private sector undertaking
  • D
    None
4
WTO started functioning in
  • A
    1st July 1990
  • B
    1st June 1995
  • C
    1st January 1990
  • D
    1st January 1995
    Correct
5
Two services outsource form India are
  • A
    banking services only
  • B
    Both
    Correct
  • C
    Voice-based business process services
  • D
    None
6
Under the industrial policy of 1991 the number of industries reserved for public sector has been reduced from 17 to
  • A
    3
  • B
    6
  • C
    8.0
    Correct
  • D
    5
7
There are three industries which are reserved for the public sector except
  • A
    The substances specified in the schedule of notification of government of India in the department of atomic energy
  • B
    Railway transport
  • C
    Electricity
    Correct
  • D
    Atomic energy
8
When government disinvests its shares to the extent of 5 to 10 percent to meet the deficit in the budget this is termed as
  • A
    None
  • B
    Token privatisation
    Correct
  • C
    Denationalisation
  • D
    Partial privatisation
9
Which of the following is not one among the nine Navratnas PSU’s
  • A
    MTNL
  • B
    VSNL
    Correct
  • C
    NTPC
  • D
    IPCL
10
The commercial banks are required to keep certain percentage of deposits they accept from public in the form of cash is called
  • A
    Bank rate
  • B
    SLR
    Correct
  • C
    None
  • D
    CRR
11
The main source of foreign capital in India is
  • A
    Both
    Correct
  • B
    None
  • C
    Foreign direct investment
  • D
    Loans from abroad
12
Non-tariff barriers mainly include
  • A
    Restrictions on quantity
  • B
    Restrictions on quality
  • C
    Both
    Correct
  • D
    None
13
Selling off the share of public sector companies to the private individuals and institutions known as
  • A
    Delicansing
  • B
    Amendments
  • C
    Dereservation
  • D
    Disinvestment
    Correct
14
CRR is
  • A
    Both
  • B
    Keeping certain percentage of deposits with the RBI
    Correct
  • C
    Keeping certain percentage of deposits in the form of cash
  • D
    None
15
Fiscal policy of the government
  • A
    Government expenditure policy
  • B
    Taxation policy
  • C
    Both
    Correct
  • D
    None