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CA Foundation Exam  >  CA Foundation Tests  >  Business Economics for CA Foundation  >  Test: Economic Reforms In India - 1 - CA Foundation MCQ

Test: Economic Reforms In India - 1 - CA Foundation MCQ


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30 Questions MCQ Test Business Economics for CA Foundation - Test: Economic Reforms In India - 1

Test: Economic Reforms In India - 1 for CA Foundation 2024 is part of Business Economics for CA Foundation preparation. The Test: Economic Reforms In India - 1 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Economic Reforms In India - 1 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Economic Reforms In India - 1 below.
Solutions of Test: Economic Reforms In India - 1 questions in English are available as part of our Business Economics for CA Foundation for CA Foundation & Test: Economic Reforms In India - 1 solutions in Hindi for Business Economics for CA Foundation course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: Economic Reforms In India - 1 | 30 questions in 30 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Business Economics for CA Foundation for CA Foundation Exam | Download free PDF with solutions
Test: Economic Reforms In India - 1 - Question 1
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From 2005, FDI limit in certain services of telecom sector was increased from 49% to ________:

Test: Economic Reforms In India - 1 - Question 2
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IIFT stands for : 

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Test: Economic Reforms In India - 1 - Question 3
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DFEC stands for :

Test: Economic Reforms In India - 1 - Question 4
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SEZ Act was introduced in which year?
Test: Economic Reforms In India - 1 - Question 5
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Devaluation of currency stands for:
Test: Economic Reforms In India - 1 - Question 6
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 The FERA has been replaced by ________.
Test: Economic Reforms In India - 1 - Question 7
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At present, the responsibility for the provision of finance for Agriculture trade and small scale industries has been handed over to_____.
Test: Economic Reforms In India - 1 - Question 8
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Fiscal policy means
Test: Economic Reforms In India - 1 - Question 9
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Which is the apex bank in India for Industrial Financing?
Test: Economic Reforms In India - 1 - Question 10
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In 1991 the foreign exchange resources available were just sufficient to finance import of : 
Test: Economic Reforms In India - 1 - Question 11
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The reason behind implementing economic reforms in India in 1991 was________
Test: Economic Reforms In India - 1 - Question 12
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 FERA stands for : 
Test: Economic Reforms In India - 1 - Question 13
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Which of the following industries are not reserved for public sector presently?
Test: Economic Reforms In India - 1 - Question 14
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Which of the following statement is correct about the new industrial policy, 1991?
Test: Economic Reforms In India - 1 - Question 15
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 At present, licensing is compulsory for how many industries?
Detailed Solution for Test: Economic Reforms In India - 1 - Question 15
  • At present, only five industries are under compulsory licensing mainly on account of environmental, safety, and strategic considerations.
  • They are:
    • Distillation and brewing of alcoholic drinks
    • Cigars and cigarettes of tobacco and manufactured tobacco substitutes.
    • Electronic Aerospace and defense equipment
    • Industrial explosives including detonating fuses, safety fuses, gun powder, nitrocellulose, and matches.
    • Specified Hazardous chemicals i.e. (i) Hydrocyanic acid and its derivatives, (ii) Phosgene and its derivatives, and (iii) Isocyanates & diisocyanates of hydrocarbon, not elsewhere specified (example Methyl isocyanate).
Test: Economic Reforms In India - 1 - Question 16
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One major proposal of New Industrial Policy (1991)
Test: Economic Reforms In India - 1 - Question 17
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 Foreign Direct Investment upto ____ is being allowed in defence.
Detailed Solution for Test: Economic Reforms In India - 1 - Question 17

The correct answer is 74%. The Government vide Press Note dated 17.09. 2020 liberalised and allowed FDI in Defence Sector under automatic route up to 74%. It has been allowed up to 100% through Government route.

Test: Economic Reforms In India - 1 - Question 18
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As a consequence of economic reforms, the MRTP Act, 1969 was replaced by the Competition Act in the year ______.
Test: Economic Reforms In India - 1 - Question 19
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 Devaluation of currency stands for:
Test: Economic Reforms In India - 1 - Question 20
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The annual interest rate for a savings account is:
Test: Economic Reforms In India - 1 - Question 21
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________ Percent FDI is allowed in Private Bank :-
Test: Economic Reforms In India - 1 - Question 22
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 What was the SLR during 1990-1999 when it was at peak?
Test: Economic Reforms In India - 1 - Question 23
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CRR in India in 2007 was:
Test: Economic Reforms In India - 1 - Question 24
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SEBI is a ________.
Test: Economic Reforms In India - 1 - Question 25
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 Before financial reforms, banking sector was ______.
Test: Economic Reforms In India - 1 - Question 26
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 What proportionate of foreign investment is allowed in telecom sector?
Test: Economic Reforms In India - 1 - Question 27
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Quantitative restrictions on ________ items were removed in the EXIM policy of 2000-01:
Test: Economic Reforms In India - 1 - Question 28
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Before financial reforms, the banking sector was characterized by all of the following features except.
Test: Economic Reforms In India - 1 - Question 29
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Financial sector reforms mainly relate to. 
Test: Economic Reforms In India - 1 - Question 30
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Government of India has replaced FERA by:
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