1. Which of the following refers to relaxation of government restrictions in economic system?

(a) Privatisation
(b) Globalisation
(c) Disinvestment
(d) Liberalisation

2. When was the New Economic Policy (NEP) announced?

(a) 1990
(b) 1991
(c) 1988
(d) 1978

3. In the New Industrial Policy 1991, the number of industries reserved for public sector ?

(a) 4
(b) 8
(c) 12
(d) 17

4. Which of the following reason led to the introduction of New Economic Policy in 1991?

(a) Poor Performance of Public Sector
(b) Consistent rise in general price level
(c) Foreign exchange crisis
(d) All of these

5. Which of the following has/have occurred in India after its liberalization of economic policies in 1991? [UPSC CSE 2017]

1. Share of agriculture in GDP increased enormously.
2. Share of India’s exports in world trade increased.
3. FDI inflows increased.
4. India’s foreign exchange reserves increased enormously.

Select the correct answer using the codes given below :

(a) 1 and 4 only
(b) 2, 3 and 4 only
(c) 2 and 3 only
(d) 1, 2, 3 and 4

6. Why is die Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs) ? [UPSC CSE 2011]

1. The Government intends to use the revenue earned-from the disinvestment mainly to pay back the external debt.
2. The Government no longer intends to retain the management control of the CPSEs.

Which of the statements given above is/are correct?

(a) I only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

7. Which of the following statements related to globalisation is/are correct? [UPSC CAPF 2013]

1. It has resulted in the change of scale in economic activities.
2. End of Cold War facilitated globalization.
3. Flow of money in transnational corporations is discouraged.

Select the correct answer using the code given below.

(a) 1 and 2
(b) Only 1
(c) 2 and 3
(d) All of these