Washington Consensus

Q.

The Washington Consensus is:

1. a group of people who get together to discuss issues related to development of the United States

2. a set of guidelines to be followed for war

3. a set of norms to regulate prices of export services

4. a set of economic reforms to be followed by developing countries

Q.

What is the size of small sampling?

Q.

What is the list of economic reforms prescribed the IMF, World Bank and the US Treasury to help countries come out of an economic crisis?

1. Washington Consensus

2. Tendulkar Report

3. Paris Summit

4. London Committee Report

Q. What do you understand by Human Capital Formation? Highlight two initiatives each of Indian government to enhance health and education facilities.

Q.

With regard to foreign exchange, the Washington Consensus advised that the rupee must undergo:

1. Appreciation

2. Devaluation

3. Depreciation

4. Revaluation

Q. By $1773$, the British government in Bengal had established a monopoly to trade in ___________.

1. Indigo
2. Opium
3. Tea
4. Cotton

Q.

The Washington Consensus suggested that tax rates must be reduced. State true or false.

1. False

2. True

Q.

Which of the following was not recommended by the Washington Consensus?

1. Increase in government spending

2. Reduction in fiscal deficit

3. Reduction in exports and imports

4. Abolition of tax

Q.

Can you switch depreciation methods?

Q.

How many elements were stated in the Washington Consensus?

1. 5

2. 10

3. 12

4. 8

Q.

Which sectors did the Washington Consensus say spending must be shifted to?

1. Chemicals

2. Health

3. Infrastructure

4. Textiles

Q. (i) When did the Chinese Emperor send a Special Commissioner to stop the opium trade?
(ii) Why did the Emperor want to stop the opium trade? Did he get success in his effort?
(iii) What did the Special Commissioner estimate?

Q.

As part of the Washington Consensus prescriptions, excise duties were to be:

1. Decreased

2. Abolished

3. Unchanged

4. Increased