Generations of Reforms

Q.

The Third Generation reforms focused primarily on which of these aspects?

1. Factor markets

2. Decentralisation

3. Exports

4. Infrastructure

Q.

"LPG" stands for:

1. Licence and Permit Grants

2. Liberalism, Patriotism, Globalism

3. Liberalisation, Privatisation, Globalisation

4. Licence, Public Control, Government Control

Q.

Which of the following were part of the First Generation Reforms?

1. De-licensing

2. Banning exports

3. Raising excise duties

4. Public sector reforms

Q.

How many generations of reforms have been initiated since 2000?

1. 3

2. 4

3. 5

4. 6