Economics Quiz Questions and Answers – Chapter 7 – Economic Reforms in India

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%


 

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