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Questions Related to insights on lpg

Which of the following is NOT a function of a commercial in India?

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. Accepting deposits from publics

  2. Selling National Savings Certificates

  3. Keeping valuables in safe custody

  4. Transferring money from one place to the other

Show answer
Correct Option: B

Which is the first Indian company to be listed on NASDAQ?

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. Reliance

  2. TCS

  3. HCL

  4. Infosys

Show answer
Correct Option: D

Many a time we read about Special Drawing Right (SDR) in newspapers. As per its definition, SDR is a monetary unit of the reserve assets of which of the following organisations/agencies?

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. World Bank

  2. International Monetary Fund (IMF)

  3. Asian Development Bank

  4. Reserve Bank of India

Show answer
Correct Option: B
Explanation:

Many a time we read about Special Drawing Right (SDR) in newspapers. As per its definition, SDR is a monetary unit of the reserve assets of International Monetary Fund(IMF). Special Drawing Right is a type of foreign-exchange reserve. It is introduced in 1969.

Special Drawing Rights are the rights of countries provided by

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. World Bank

  2. IMF

  3. ADB

  4. Federal Reserve

Show answer
Correct Option: B
Explanation:

Many a time we read about Special Drawing Right (SDR) in newspapers. As per its definition, SDR is a monetary unit of the reserve assets of International Monetary Fund(IMF). Special Drawing Right is a type of foreign-exchange reserve. It is introduced in 1969.

Which of the following statements is true about International Monetary Fund (IMF)?

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. It provides Ways and Means Funds to member countries.

  2. It is an agency of the World Bank and is situated in Prague.

  3. It makes all the rules and regulations in relation to the World Trade between the nations.

  4. On becoming its member, countries get finance as temporary balance-of-payment needs.

Show answer
Correct Option: D
Explanation:

IMF stands for International Monetary Fund. It is true that on becoming its member, countries get finance as temporary balance-of-payment needs. IMF works to ensure global market cooperation and financial stability of the global economyy.

State whether the following statements are True or False.
New Economic Policy of 1991 aimed at liberalisation of Indian Economy.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

It is true that New Economic Policy of 1991 aimed at liberalization of Indian Economy.Liberalization refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprise. It includes:
a) Abolishing industrial licensing requirement in most of the industries.
b) Freedom in deciding the scale of business activities.
c) Freedom in fixing prices of goods and services.
d) Reduction in tax rates.

Liberalization means ______.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. removal of trade barriers

  2. opening border with neighbouring countries

  3. relaxation of Government policies and regulations in order to encourage free and fair growth of trade and industry.

  4. abolition of various business laws and acts

Show answer
Correct Option: C
Explanation:

Liberalization refers to the relaxation of Government policies and regulations in order to encourage free and fair growth of trade and industry. It is one of the policies under new economic policy which was adopted by Indian economy in 1991. It promoted free and fair trade.

India started liberalization with effect from ______.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. 1956

  2. 1991

  3. 2001

  4. 1998

Show answer
Correct Option: B
Explanation:

Liberalization refers to the relaxation of Government policies and regulations in order to encourage free and fair growth of trade and industry. It is one of the policies under new economic policy which was adopted by Indian economy in 1991. It promoted free and fair trade.

Privatization means ________.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. transfer of assets or services from public ownership to private ownership in part or full.

  2. sale of all government assets and properties to public.

  3. sale of profit making companies to multi-national companies.

  4. sale of loss making PSUs to foreign countries.

Show answer
Correct Option: A
Explanation:

Privatization includes ownership, organizational and operational measures. It refers to the process of transferring or sale of the public ownership to private ownership in part or full. It is a process of reducing government's role in the economy.

 _______ is/are the ways towards liberalization.

history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

  1. Privatisation

  2. Liberalize economic policies.

  3. Financial sector reforms.

  4. All of the above

Show answer
Correct Option: D
Explanation:
Ways towards liberalization are:
1) Privatization: It refers to the sale or transfer of public assets to the private ownership.
2) Liberalize economic policies: Restriction from economic policies were abolished and liberalized in the global arena with the global market orientation.
3) Financial sector reforms: Financial sector was reformed in favor of liberalization.