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In context of LPG reforms ushered in the Indian economy AFTER 1991, consider the following statements:
1. The reform policies led to the establishment of private sector banks, Indian as well as foreign.
2. The financial sector was allowed to take decisions on many matters without consulting the RBI.
3. Foreign Institutional Investors (FIIs) were denied permission to invest in Indian financial markets.
Which of the statement(s) given above is/are correct?
The British introduced the railways in India in 1850 and it is considered as one of their most important contributions. In which of the following way(s) the railways affected the economic structure of the India?
1. It enabled people to break geographical and cultural barriers.
2. It fostered commercialisation of Indian agriculture.
Which of the statement(s) given above is/are correct?
The Budget documents presented to the Parliament, besides the Finance Minister’s Budget Speech, include:
1. Expenditure Budget.
2. Receipt Budget.
3. Expenditure Profile.
4. Output Outcome Monitoring Framework.
Select the correct answer using the code given below.
Which of the following should be the focus areas in order to bring about comprehensive rural development in India?
1.
With reference to Indian economy, which among the following were the measures undertaken by Indian Government to bring about revolution in agriculture?
1.
Globalisation is the process of rapid integration or interconnection between countries. Which of the following factors enable/influence the process of globalisation?
1. Increasing foreign trade.
2. Improvement in technology.
3. Reduction in trade barriers.
4. Need for skilled persons.
Select the correct answer using the code given below:
Arrange the following sources of earning of Union Government of India in decreasing order:
1. Custom duties.
2. Non-Tax Revenue.
3. Non-Debt Capital Receipts.
4. Union Excise Duties.
Select the correct answer using the code given below.
In context of Indian Economy, New Economic Policy (NEP) announced in 1991 by the central government consisted of wide-range of economic reforms which included:
1. Removal of trade restrictions.
2. Promoting overall competitiveness by removing rigidities in various central ministries.
3. Bringing inflation under control.
4. Increasing the output of goods and services.
Which of the statement(s) given above is/are correct with reference to New Economic Policy?
Consider the following statements with reference to difference between factor cost and market prices:
1. Market prices are the prices as paid by the consumers and factor cost refers to the prices of products as received by the producers.
2. Market prices include product taxes minus subsides, and factor cost is equal to market prices minus net indirect taxes.
Which of the statements given above is/are correct?
Consider the following statements:
1. In 1991, as an immediate measure to resolve the balance of payments crisis, the rupee was devalued against foreign currencies.
2. Devaluation is done in order to encourage imports and increase the inflow of foreign currency in an economy.
Which of the statement(s) given above is/are correct?