What were the major problems that the Indian economy was facing before the introduction of new reform policy?

A. Declining foreign exchange.

B. Growing imports without matching rise in exports.

C. Government revenue exceeds expenditure.

D. Rising prices of essential goods.

Choose the correct answer from the options given below:

Liberation of trade and investment regime was initiated in the Indian Economy in 1991 to provide for:

A. International competitiveness of industrial production.

B. Promotion of competitiveness of local industries.

C. Collection of higher tariffs.

D. Adoption of modern technologies

E. Control over imports.

Choose the correct answer from the options given below:

Match List - I with List - II.

List - I (Policy tools) | List - II (Characteristics)

(A) Disinvestment | (I) Hiring of regular services from External source

(B) Out sourcing | (II) Integration of the economy of the country with the world economy

(C) Globalisation | (III) To administer all multilateral trade agreements

(D) GATT | (IV) Privatisation of the public enterprises by selling off part of public equity sector

Choose the correct answer from the options given below :

Arrange the following in chronological order (oldest to latest)

(A) WTO

(B) GATT

(C) LPG Policy in India

(D) GST in India

Choose the correct answer from the options given below:

After agreeing on the conditions of World Bank and IMF India announced which of the following policy?

Chronologically, arrange the following events:

(A) Announcement of demonetisation.

(B) Circulation of fake currency.

(C) Existing ₹500 and ₹1000 notes lost legal tender.

(D) Visible reduction in tax evasion.

Choose the correct answer from the options given below:

________ specify the quantity of goods which can be imported.