1991 Crisis

Q.

The reason behind implementing economic reforms in India in 1991 was:

1. Faster urbanisation

2. Direction from the World Bank

3. Declining foreign reserves

4. Increasing exports

Q.

Economic reforms started in India in

1. 1990

2. 1991

3. 1992

4. 1993

Q.

Which of the following are among the conditions set by the IMF for the loan?

1. Ban of foreign investment

2. Abolition of subsidy

3. Open the economy to the private sector

4. Introduce open trade with the world

Q. There was no Five Year Plan in India for 3 years during which of the following years?

1. 1947-1950
2. 1965-1968
3. 1950-1953
4. 1966-1969

Q.

India’s balance of payments crisis occurred in the year:

1. 1950

2. 1963

3. 1984

4. 1991

Q. A new scheme has been announced in the Budget 2012-13, giving tax exemptions to first-time equity market investors. The scheme as titled as ____________.

1. Indira Gandhi Equity Saving Scheme
2. Rajiv Gandhi Equity Savings Scheme
3. Rashtriya Equity Saving Scheme
4. National Equity Saving Scheme

Q.

Which of the following hampered the growth of India before the reforms?

1. Nepotism

2. Elections

3. Import Quotas

4. Climate

Q.

India had 2 annual plans for the year 1989-1992. State true or false.

1. True

2. False

Q.

Which of these countries are major oil suppliers to India?

1. Vietnam

2. Brazil

3. Kuwait

4. Iraq

Q.

Which institution agreed to lend money to India to cope with the BOP crisis?

1. World Bank

2. International Monetary Fund

3. Government of China

4. US Government