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6.
Economic Liberalization in India started with
- [A]Substantial changes in industrial licensing policy
- [B]The convertibility of Indian rupee
- [C]Doing away with procedural formalities for foreign direct investment
- [D]Significant reduction in tax rates
- Answer
- Report
Answer : [A]
7.
Gilt edged market means -
- [A]Bullion market
- [C]Market of guns
- [B]Market of government securities
- [D]Market of pure metals
- Answer
- Report
Answer : [B]
8.
Who is considered as the Father of White Revolution in India?
- [A]Norman Borlaug
- [C]V.K.R.V. Rao
- [B]Varghes Kurien
- [D]M.S. Swaminathan
- Answer
- Report
Answer : [B]
9.
The growth rate of per capita income at current prices is higher than that of the per capita income at constant prices, because the latter takes into account the rate of -
- [A]Growth of population
- [C]Growth of money supply
- [B]Increase in price level
- [D]Increase in the wage rate
- Answer
- Report
Answer : [B]
10.
In an open economy. The national income (Y) of the economy is (C, I, G, X, M stand for consumption. Investment. Government ex¬penditure. total exports and total imports respectivcly) -
- [A]Y = C + 1 + G + X
- [C]Y = C + I + G +( X - M )
- [B]Y = C + I + G - X + M
- [D]Y = C + I - G + X - M
- Answer
- Report
Answer : [C]
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