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State PSC Independent India — practice questions — page 3

Explore 80 free Independent India questions in State PSC Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Independent India questions and exercises with answers

Showing questions 61–80 of 80.

Drastically reducing the role of the public sector is called:Read the answer and worked solution →In 1990-91 the fiscal deficit reached what share of GDP?Read the answer and worked solution →GNP growth in the 1991 crisis fell to 1.4 per cent from a peak of:Read the answer and worked solution →During the 1991 crisis the rupee depreciated against the US dollar by:Read the answer and worked solution →India's creditworthiness rating in the crisis fell from AAA to:Read the answer and worked solution →In May 1991 the RBI pledged 47 tonnes of gold with the Bank of England to raise:Read the answer and worked solution →Loss-making and sick public enterprises were referred after 1991 to the:Read the answer and worked solution →Dilution of government ownership beyond what share transfers a PSU to private hands?Read the answer and worked solution →The 1991 reforms abolished licensing for all industries except how many of high strategic importance?Read the answer and worked solution →The foreign equity limit was raised in 1991 from 40 per cent to:Read the answer and worked solution →Demonetisation of the 500 and 1,000 rupee notes was announced on:Read the answer and worked solution →Demonetisation made what share of the money in circulation invalid?Read the answer and worked solution →Catch the 1991 reformsRead the answer and worked solution →Pop the LPG wordsRead the answer and worked solution →Run the reform numbersRead the answer and worked solution →Slice the business lawsRead the answer and worked solution →Crisis or reformRead the answer and worked solution →Sort the LPG reformsRead the answer and worked solution →Type the numberRead the answer and worked solution →Economic reforms bingoRead the answer and worked solution →

Worked practice questions

Drastically reducing the role of the public sector is called:

  1. Privatisation
  2. Liberalisation
  3. Globalisation
  4. Regulation
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Correct answer: A. Privatisation

1. Loss-making PSUs went to the BIFR. 2. This is privatisation. 3. Disinvestment dilutes government stake. _Source: syllabus Business Studies, Chapter 3, Business Environment._

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In 1990-91 the fiscal deficit reached what share of GDP?

  1. 1.4 per cent
  2. 6.6 per cent
  3. 3.3 per cent
  4. 10.5 per cent
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Correct answer: B. 6.6 per cent

1. Internal debt was about 50 per cent of GDP. 2. The fiscal deficit was 6.6 per cent. 3. Interest ate 39 per cent of revenue. _Source: syllabus Business Studies, Chapter 3, Business Environment._

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GNP growth in the 1991 crisis fell to 1.4 per cent from a peak of:

  1. 13 per cent
  2. 26.7 per cent
  3. 10.5 per cent
  4. 6.6 per cent
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Correct answer: C. 10.5 per cent

1. The peak was in 1988-89. 2. Growth had touched 10.5 per cent. 3. Foodgrain and industry showed negative growth. _Source: syllabus Business Studies, Chapter 3, Business Environment._

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