Economics Quiz Questions and Answers, which are covered in this chapter, relate to the topic, Economic Reforms in India. Economics Quiz Questions and Answers contains 10 questions. Answers to Economics Quiz Questions are available after clicking on the answer.
1. FERA stands for :
(a) Foreign exchange resources act
(b) Fund exchange resources act
(c) Foreign exchange regulation act
(d) Finance and export regulation association
Answer
Answer: (c) Foreign exchange regulation act
2. Quantitative restrictions on ______ items were removed in the EXIM policy of 2000-01:
(a) 123
(b) 193
(c) 715
(d) 183
Answer
Answer: (c) 715
3. From 2005 FDI limit in certain services of the telecom sector was increased from 49% to ________.
(a) 51%
(b) 64%
(c) 74%
(d) 100%
Answer
Answer: (c) 74%
4. What was the SLR during 1990-1999 when it was at its peak?
(a) 25%
(b) 38.5%
(c) 15%
(d) 5%
Answer
Answer: (b) 38.5%
5. DFEC stands for :
(a) Direct foreign exchange control
(b) Direct finance exchange control
(c) Duty-free export credit
(d) Duty-free exchange credit
Answer
Answer: (c) Duty-free export credit
Economics Quiz Questions and Answers – Economic Reforms in India
6. What proportion of foreign investment is allowed in the telecom sector?
(a) 74%
(b) 51%
(c) 49%
(d) 100%
Answer
Answer: (a) 74%
7. In 1991 the foreign exchange resources available were just sufficient to finance import of:
(a) Two weeks
(b) Three weeks
(c) Three months
(d) Three days
Answer
Answer: (b) Three weeks
8. CRR in India in 2007 was:
(a) 4%
(b) 7.5%
(c) 6%
(d) 7%
Answer
Answer: (b) 7.5%
9. Which of the following industries are not reserved for the public sector presently?
(a) Atomic energy
(b) Railways
(c) Defense
(d) Substances specified in the schedule to the notification of the government of India in the department of atomic energy
Answer
Answer: (c) Defense
10. The rate of interest on saving deposit is
(a) 4.5%
(b) 4.0%
(c) 3.5%
(d) 2.5%
Answer
Answer: (c) 3.5%