Q. The most urgent problem which prompted the introduction of the New Economic Policy in 1991 was
✅ Correct Answer: (B)
All of these
Indian and Global Economic Development MCQs and Notes
Q. Selling off the share of public sector companies to the private individuals and institutions is known as
✅ Correct Answer: (D)
Disinvestment
Q. PSU is
✅ Correct Answer: (C)
Public sector undertaking
Q. During the economic crisis, the World bank and IMF provided India a loan of
✅ Correct Answer: (A)
7 billion
Q. There are three industries which are reserved for the public sector except
✅ Correct Answer: (D)
Electricity
Q. The NEP in 1991 was initiated by the
✅ Correct Answer: (D)
Finance Minister
Q. Which act was removed under NEP
✅ Correct Answer: (D)
MRTP
Q. LQP raj refers to
✅ Correct Answer: (C)
license, quota, permit raj
Q. In which among the following year the MRTP act become effective
✅ Correct Answer: (C)
1970
Q. The main source of foreign capital in India is
✅ Correct Answer: (D)
Both A and C