Economics

Questions Bank

Part B    INDIAN ECONOMIC DEVELOPMENT

  • Economic reforms or structural adjustment is long term multi-dimensional package of various policies (Liberalisation, privatization and globalization) and programmes for the speedy growth, efficiency in production and make a competitive environment
    2018-02-13 15:01:28
  • Factors Responsible for Economic Reforms are (i) Fall in foreign exchange reserve; (ii) Adverse balance of payments; (iii) Mounting Fiscal Deficit; (iv) Price Rise; (v) Failure of Public Enterprises; (vi) Gulf Crisis
    2018-02-13 15:01:02
  • New Economic Policy Stabilization, these are short term measures introduced by government to control rise in price, adverse balance of payment and fall in foreign exchange reserve
    2018-02-13 15:00:04
  • Economic Reforms under Liberalisation are (a) Industrial Sector Reforms; (b) Financial Sector Reforms; (c) Fiscal Reforms; (d) Foreign Exchange Reforms; (e) Trade and Investment Reforms
    2018-02-13 14:59:36
  • Impact of Appraisal of LPG Policies are (i) Increase in Foreign Investment; (ii) Increase in foreign exchange reserves; (iii) Inflation; (iv) Increase in domestic product; (v) Increase in exports; (vi) Consumer sovereignty
    2018-02-13 14:58:37
  • Globalisation may be defined as a process associated with the growing economic interdependence and economic integration with world economy.
    Privatisation is the general process of involving the private sector in the ownership or operation of a state owned enterprise
    2018-02-13 14:57:49
  • Policy Promoting Globalisation: (a) Increase in equity limit of foreign investment; (b) Partial convertibility; (c)    Long term trade policy; (d) Reduction in tariff
    2018-02-13 14:57:03
  • Policies adopted are (a) Contraction of public sector; (b) Abolish the ownership of government; (c) Sale of shares of public enterprises
    2018-02-13 14:56:12
  • 2018-02-13 14:55:43

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