In 1991, India met with an economic crisis relating to its ________ debt.
External
Internal
Income
Private
The foreign investment includes
Foreign direct investment
Financial investment
Domestic investment
Indirect investment
__________ have been removed to increase the competitive position of Indian goods in the international markets?
1. Tariffs
2. Import Licensing
3. Export duty
4. All of these
1. 1 only
2 only
3 only
all of these
Which of the following is characterised as "Rich coutries club"?
IBRD
IMF
ADB
IFC
Which of the following is not an aspect of privatization?
Dis- investment of public sector units
Handing over management of public sector units to private firms
Opening up of sectors, which are hitherto reserved for public sector to private sector
De licensing of private industrial units
Assertion (A): Inflation is a general rise in the levels of prices of goods and services in an economy over a period of timeReason (R): Inflation causes an increase in the opportunity cost of holding money, uncertainty over future inflation which may discourage investment and savingsCodes:
Both A and R are true but R is not the correct explanation for A
Both A and R are true and R is the correct explanation of A
A is true and R is false
A is false but R is true
_________ is the outcome of the policies of liberalization and privatization.
Economic activity
Globalization
Development policies
Disparities in income and wealth
Which accounts are an accounting record of all monetary transactions between a country and the rest of the world?
BOP (Balance of payments)
Inflation
Deflation
None of these
With regard to the WTO subsidies are covered in two seperate international economic law agreements. Which are they?
The reform treaty and Treaty of Rome
The North American free trade agreement
GATT and the Agreement on subsidies
Free Trade Agreements
When expenditure is more than income the government borrows to finance the ______________ from banks and other financial institutions.
Surplus
Deficit
Excess
Debit
