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
The NEP in1991 was initiated by the
  • A
    Prime Minister
  • B
    Foreign Minister
  • C
    Finance Minister
    Correct
  • D
    Home Minister
2
A situation when all the people in the working age group are actually engaged in some gain full employment
  • A
    Underemployment
  • B
    None
  • C
    Full employment
    Correct
  • D
    Full unemployment
3
Foreign exchange reserve means
  • A
    None
  • B
    Bombay Stock market reserves
  • C
    Stock of currency of another country
    Correct
  • D
    Stock of currency of Indian country
4
When expenditure is more than income
  • A
    None
  • B
    Revenue
  • C
    Fiscal Deficit
  • D
    Deficit
    Correct
5
Opening the Indian economy to foreign investors and allow Indian investors to invest abroad
  • A
    None
  • B
    Globalisation
    Correct
  • C
    Liberalisation
  • D
    Privatisation
6
IBRD stands for
  • A
    International Bank for Reconstruction and Disinvestment
  • B
    International Business for Resolution and Development
  • C
    International Business for Reconstruction and Development
  • D
    International Bank for Reconstruction and Development
    Correct
7
Institutions that engage in mobilisation and allocation of savings
  • A
    Banks only
  • B
    Commercial
  • C
    Educational
  • D
    Financial
    Correct
8
BOP is
  • A
    Both
    Correct
  • B
    All external transactions on current account in which a country is involved over a period of time
  • C
    None
  • D
    All external transactions on capital account in which a country is involved over a period of time
9
A company hires regular services from external sources mostly from other countries which was previously provided internally
  • A
    Outsourcing
    Correct
  • B
    Multilateral
  • C
    None
  • D
    Trading
10
Monetary policy is the policy of
  • A
    None
  • B
    Both
  • C
    Government of India
  • D
    RBI
    Correct
11
Which statutory body is having power regarding stock market
  • A
    NNP
  • B
    LIC
  • C
    SEBI
    Correct
  • D
    MRP
12
Market in which the securities of government and public companies are traded
  • A
    Financial market
  • B
    SEBI
  • C
    Foreign market
  • D
    Stock exchange
    Correct
13
Which of the following is an example of direct tax
  • A
    None
  • B
    Excise duties
  • C
    Sales tax
  • D
    Corporation tax
    Correct
14
Steps taken towards liberalisation
  • A
    Dereservation of industries
  • B
    Delicensing of industries
    Correct
  • C
    Disinvestment in public sector
  • D
    None
15
Sale tax and excise duties are example of
  • A
    Both
  • B
    Direct tax
  • C
    Indirect tax
    Correct
  • D
    None