Macro Economic Overview of India MCQ | 65 Free MCQs
Macro Economic Overview of India MCQ
1. LPG means…….
a. Liberalization, Personalization and Globalisation
b. Localisation Personalisation Globalisation
c. Liberalization Privatization Globalization
d. None of the above
2. The main strategy adopted in the NIP, 1991 ……….
a. Liberalization
b. Privatization
c. Globalisation
d. All the above
3. New Economic Policy 1991 was introduced on ……….
a. 24th July 1991
b. 24th January 1991
c. 24th July 1990
d. 26th January 1991
4. Removal of government restrictions is called …………….
a. Liberalization
b. Investment
c. Unfavorable trade
d. None of the above
5. New Economic Policy 1991 was launched by ……………
a. Mr. Deve Gowda
b. Mr. Narsimha Rao
c. Mr. V P Singh
d. Mr. Manmohan Singh
6. ……… refers to transfer of ownership of an industry from the public to private sector.
a. Liberalization
b. Privatization
c. Globalisation
d. None of the above
7. Under the New Economic Policy import licensing was abolished except in case of ………..
a. Textile industries
b. IT industries
c. Consumer goods industries
d. Hazardous chemicals industries
8. India has adopted …….. policy of economic development since 1991
a. Liberal
b. Restrictive
c. Both (a) & (b)
d. None of the above
9. ……. Refers to the interaction of the domestic economy with rest of the world.
a. Liberalization
b. Privatization
c. Globalization
d. None of the above
10. New Economic Policy was adopted in ………
a. 1991
b. 1992
c. 1990
d. 2011
| Answers: 1)Liberalization Privatization Globalization 2)All the above 3)24th July 1991 4)Liberalization 5)Mr. Narsimha Rao 6)Privatization 7)Hazardous chemicals industries 8)Liberal 9)Globalization 10)1991 |
