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?
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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.
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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?
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.
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In 1991, Indian government introduced a new set of policy measures which changed the direction of our economy. Which among the following were immediate reasons for such a landmark decision?
1.
In 1950, the Planning Commission was set up with the Prime Minister as its Chairperson. The era of five-year plans had begun. Which of the statements given below correctly defines the goals of the five-year plans?
1.
Money is accepted as a medium of exchange because the given currency is authorised by the government of the country. Which among the following are modern forms of money/currency?
1.
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?
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?
With reference to pre-liberalisation era, which of the following factors were responsible for underdevelopment and stagnation of the Indian economy?
1.
Arrange the following ‘Non-Tax Revenue’ sources of the Union Government in decreasing order:
1. Dividends and Profits.
2. Interest receipts.
3. Receipts of Union Territories.
4. External Grants.
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