Tag: history

Questions Related to history

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

International Monetary Fund (IMF) was established in ______________.

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

  1. 1945

  2. 1956

  3. 1966

  4. 1976.

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Correct Option: A
Explanation:

IMF stands for International Monetary Fund. It was established in 1995. Headquarter of IMF is in Washington DC. It has 189 countries as members as of 2018. It is established to promote financial stability of the member countries.

IMF commenced its operation in ________.

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

  1. Jan, 1945

  2. March, 1947

  3. Dec, 1945

  4. April, 1957

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Correct Option: C

World Bank works with the primary focus of helping the _____________.

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

  1. poorest people

  2. poorest countries

  3. poorest industrially developed country

  4. poorest people and the poorest countries

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Correct Option: D
Explanation:

World Bank is a financial institution that provide loans to its member countries. It mainly works with primary focus of helping the poorest people and the poorest countries. Encouragement of capital and environmental protection are other two objectives of the World Bank. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.

World Bank provides ___________ on reasonable terms to its member countries.

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

  1. long term investment loan

  2. short term investment loan

  3. infrastructure loan

  4. mid-term investment loan

Show answer
Correct Option: A
Explanation:

World Bank is an financial institution which was founded in 1945 at Bretton Woods. The headquarter of World Bank is in Washington DC. The main function of World Bank is to provide long term investment loans to its member countries. It comprises of two institutions: the International Bank for Reconstruction and Development and the International Development Association.

International Monetary Fund has recently rated India as the ___________ largest economy in the world.

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

  1. fifth

  2. sixth

  3. second

  4. tenth

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Correct Option: B

World Bank was founded in _____________ at ___________.

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

  1. 1940, New York

  2. 1945, Geneva

  3. 1945, Paris

  4. 1945, Bretton Woods

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Correct Option: D