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Questions Related to insights on lpg

International Bank for Reconstruction and Development is also known as ________.

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

  1. IMF

  2. World Bank

  3. Federal Bank

  4. Central Bank

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Correct Option: B
Explanation:

International Bank for Reconstruction and Development is one of the member of World Bank Group. It was set up in 1944. It offers loans to middle-income developing countries. The headquarter of IBRD is situated in Washington DC, USA.

India is a recipient of loan from which of these 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. IMF

  3. IDA

  4. All the the above

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Correct Option: D

SDR is the currency of IMF, which is also called as __________.

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

  1. white gold

  2. book keeping entry only

  3. paper gold

  4. yellow metal

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Correct Option: C
Explanation:

SDR is the currency of IMF. SDR stands for Special Drawing Rights. This refers to supplementary foreign-exchange reserve. It is also known as paper gold. It is maintained by International Monetary Fund.

Which of the following organisation is not joined by India? 

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

  1. APEC

  2. ASEAN

  3. NAFTA

  4. All of the above

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Correct Option: D

Some of the economic policies of Government are?

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

  1. Industrial policy

  2. Fiscal policy

  3. Tariff policy

  4. All of the above

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Correct Option: D
Explanation:
Economic policies of Government are formed for maintaining the stability of the economy. They are also formed to ensure economic development. Some of the economic policies of Government are:

1) Industrial policy which is required to control the function of industries in a country.

2) Fiscal policy is formed to maintain the money flow in the economy.

3) Tariff Policy is formed to check the tax and tariff obtained from the trade in the economy.

Imports growth in pre crisis (1991) period was _________ than that in post crisis period.

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

  1. more

  2. less

  3. equal

  4. none of the above

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Correct Option: B
Explanation:

Import growth in pre crisis( 1991 ) period was less than that in post crisis period since New Economic Policy was introduced in India in 1991, which resulted downfall of import growth. Import refers to the goods and services brought in from the abroad.

As a result of the New Industrial Policy $1991$:

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

  1. Prior approval of central government is required for establishing new unit undertakings, and expanding the present undertaking.

  2. An industry intending to have more than $100$ crore of assets is required to obtain the permission of the central government.

  3. Prior approval of central government for establishing new undertakings and expanding existing undertaking is not required.

  4. Two or more companies deciding to amalgamate are required to take the prior approval of the central government.

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Correct Option: C
Explanation:

New Economic Policy 1991 removed all the restrictions of central government from the private sectors. Thus as a consequence, prior approval of central government for establishing new undertakings and expanding existing undertaking is not required. Three main agendas of new economic policy 1991 are- liberalization, privatization and globalization.

Which industry from the following is not reserved for public sector?

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

  1. Atomic energy

  2. Defense

  3. Rail transport

  4. None of the above.

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Correct Option: D

Before financial reforms, the banking system was characterised with all of the following except:

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

  1. Administered interest rates structure

  2. Quantitative restrictions on credit flow

  3. High revenue requirements

  4. Keeping very less lend-able resources for the priority sector

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Correct Option: D
Explanation:

Prior to New Economic Policy !991, a very high lend-able resources were kept for the priority sector. Administered interest rates structure, quantitative restriction on credit flow and high revenue requirements- are other features prevalent in the Indian economy prior to financial reforms of new economic policy.

At present, there are ___________ industries which are reserved for public sector.

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

  1. 3

  2. 5

  3. 6

  4. 8

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Correct Option: A