Trade Liberalisation

Q.

Which of the following bodies was set up to oversee FDI?

1. FITC

2. FIPB

3. FAIB

4. FPIT

Q.

With liberalisation reforms, the measure of trade protection is likely to show a/an ___ trend.

1. Increasing

2. Decreasing

3. Constant

4. Indeterminate

Q.

Which of the following are implied by the new trade policies?

1. Higher Tariffs

2. Freer imports

3. Greater "openness" of the economy

4. Import quotas and bans

Q.

The introduction of MRTP Act falls under which of the following categories?

1. Globalisation

2. None of the above

3. Liberalisation

4. Privatisation

Q.

Liberalisation entails:

1. Encouragement to public sector

2. Reduction in government control over the economy

3. Nationalisation

4. None of the above

Q.

From the Foreign Exchange Regulation Act, we adopted the ___ Act.

Q.

Which of the following economic reforms were initiated by the government under liberalisation?

1. Industrial Reforms

2. Financial Sector Reforms

3. Tax Reforms

4. All of the above

Q.

In 1999, FEMA replaced a previous reform policy. Which one was it?

1. Foreign investment Management Act

2. Fixed Exchange Rate Act

3. Floating Exchange System

4. Foreign Exchange Regulation Act

Q.

Expand FEMA. ___

Q.

___ was set up to oversee matters of Foreign Direct Investment.