Trade Liberalisation

Q.

What Are the 7 Major Types of Globalisation?

Q.

What Is the Importance of Globalisation?

Q.

What measures were taken towards privatisation in 1991?

Q.

Discuss the principal components of Industrial Policy Resolution, 1956.

Q.

Write a short note on foreign exchange reforms.

Q.

Explain the salient features of trade policy after liberalization.

Q.

What are the important reforms introduced in the foreign exchange market?

Q.

What is the full form of ECB?

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. The ultimate benefits of liberalisation, privatisation and globalisation in India are the _____.

1. sizeable decrease in foreign exchange reserves
2. drying up of country's foreign exchange reserves
3. sizeable increase in foreign exchange reserves
4. sizeable decrease in income of the country

Q.

What is the full form of FEMA?

Q. Explain the Economic Reforms of 1991.

Q. New Economic Reforms in India were introduced in ___________.

1. 1999
2. 1991
3. 2001
4. 2003

Q.

Expand FEMA. ___

Q.

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

1. Privatisation

2. None of the above

3. Liberalisation

4. Globalisation

Q. Which of the following is not the main feature of economic reforms?

1. Globalization
2. Liberalization
3. Privatization
4. Planned economy

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. In which year did the Economic Liberalisation start in India?

1. 1991
2. 1996
3. 1999
4. 2004

Q. The economic reforms have failed to ______________.

1. all of the above
2. keep fiscal deficits to the targeted levels
3. fully implement industrial deregulation
4. fully open the economy to trade

Q.

Why is managed floating adopted?

Q. Answer the following questions in six sentence each:
How did India try to achieve economic development after independence ?

Q. Foreign investment falls in the domain of .

1. liberalisation
2. globalisation
3. privatisation
4. disinvestment

Q.

Liberalisation entails:

1. Nationalisation

2. Encouragement to public sector

3. Reduction in government control over the economy

4. None of the above

Q.

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

1. FIPB

2. FAIB

3. FPIT

4. FITC

Q. are implied by the new trade policies.

1. Higher tariffs
2. Freer imports
3. Imports quotas
4. More barriers

Q. was set up to regulate and oversee matters of foreign direct investment.

1. FIII
2. FIPB
3. FDIB
4. IFIO

Q.

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

1. Foreign investment Management Act

2. Fixed Exchange Rate Act

3. Foreign Exchange Regulation Act

4. Floating Exchange System

Q.

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

Q. India gave up the FERA and brought the in its place.

1. FIPB
2. FEMA
3. FORE
4. FII

Q.

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