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Q1. Which of the following are correct regarding growth during the reform period?
a)The growth of agriculture declined
b)The service sector reported fluctuation
c)The growth of industrial sectors has gone up
d)The growth during this phase was mainly driven by the growth in the service sector.
Select the correct answer using the codes given below:
i)a, b & c only
ii)b & d only
iii)a & c only
iv)a & d only
Q2. Consider the below statements:
a)the foreign investment , which includes foreign direct investment (FDI) and foreign institutional investment(FII) ,has increased from about US $ 100 million in 1990-1991 to US $ 467 billion in 2012-2013
b)there has been an increase in the foreign exchange reserves from about US $ 304 billion in 2013-14
c)India is one of the largest foreign exchange reserve holders in the world.
Select the correct statements using the codes given below:
i)a & b only
ii)b & c only
iii)a & c only
iv)all are correct
Q3. Evaluate the below results of the economic reforms process of India:
a)India is seen as a successful exporters of auto parts, engineering goods, It software & textiles in the reform period.
b)The reform process has been widely appreciated for being able to address all of the basic problem facing our economy
Which of the above statements is/are not correct?
i)b only
ii)a only
iii)both a & b
iv)neither a nor b
Q4. Consider the impact of economic reforms on agriculture:
a)public investment in agriculture sector has increased only slightly, in the reform period
b)the removal of fertiliser subsidy has led to increase in the cost of production , which has severely affected the small & marginal farmers
Which of the above statements is/are correct?
i)a only
ii)both a & b only
iii)b only
iv)Neither a nor b
Q5. Which of the following are correct with regard to policies in the agriculture sector during the reform period?
a)This sector has been experiencing a more or less same policy which has adversely affected Indian farmers as they now have to face increased international isolation
b)The focus has mostly been on the production of food grams for the domestic market.
Which of the above statements is / are correct?
i)a only
ii)b only
iii)Neither a & b
iv)Both a & b
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Q6. Industrial growth in India has recorded a slowdown in the period of economic reforms. What are the reasons for this?
a) decreasing demand of domestic industrial product
b) globalization
c) India still does not have axis to develop countries market because of high non tariff barrier.
Select the correct statement using the code given below:
i)a and b only
ii)b and c only
iii)a and c only
iv)all are correct
7)Which of the above statement is/are not correct?
a) central govt. has missed his disinvestment target of every year, except in four year from 2000-01 to 2013-14?
b)The government had a disinvestment target of rupees 58,425 crore in 2014-15 but could not achieve even 50% of the target.
i) a only
ii) neither a nor b
iii) both a and b
iv) b only
8) Which of the following are correct with reference to economic reforms and public policy?
a) Economic reform has placed limit on the growth of the public expenditure especially in social sector
b) The reform policy involving tariff reduction have curtailed the scope for raising revenue through custom duty
c) in order to attract the foreign investment, tax insensitive were provided to foreign investor which further reduced the scope for raising tax revenue.
Select the correct statement using the code given below:
i) a and b only
ii) b and c only
iii)a and c only
iv) all are correct
9) Consider the below statement about WTO:
a) WTO was founded in 1995 as the success or organisation to the international treaty for trade
b) WTO is expected to establish a modern trading regime in which nation have the right to place suitable restriction on trade
c) In addition, its purpose is also to enlarge production and trade of services to ensure optimum utilisation of world resources and to protect the environment.
Select the incorrect statement using the code given below
i) b and c only
ii) a and b only
iii) a and c only
iv) none of the above
10. Which of the following statements reflect the correct picture of reforms?
(a) In the domestic economy, major reforms were undertaken in the industrial and financial sector
(b) Major external sector reforms included foreign exchange deregulation and import liberalization
Which of the above statements is/are correct?
i)a only
ii)Both a and b
iii)b only
iv)Neither a nor b
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ANSWERS:
1) 4
2) 4
3) 1
4) 3
5) 3
6) 4
7) 2
8) 4
9) 2
10) 2