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


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30 Questions MCQ Test - Test: Economic Reforms In India - 1

Test: Economic Reforms In India - 1 for CA Foundation 2024 is part of 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.
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Test: Economic Reforms In India - 1 - Question 1

From 2005, FDI limit in certain services of telecom sector was increased from 49% to ________:

Test: Economic Reforms In India - 1 - Question 2

IIFT stands for : 

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Test: Economic Reforms In India - 1 - Question 3

DFEC stands for :

Test: Economic Reforms In India - 1 - Question 4

SEZ Act was introduced in which year?

Test: Economic Reforms In India - 1 - Question 5

Devaluation of currency stands for:

Test: Economic Reforms In India - 1 - Question 6

 The FERA has been replaced by ________.

Test: Economic Reforms In India - 1 - Question 7

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

Fiscal policy means

Test: Economic Reforms In India - 1 - Question 9

Which is the apex bank in India for Industrial Financing?

Test: Economic Reforms In India - 1 - Question 10

In 1991 the foreign exchange resources available were just sufficient to finance import of : 

Test: Economic Reforms In India - 1 - Question 11

The reason behind implementing economic reforms in India in 1991 was________

Test: Economic Reforms In India - 1 - Question 12

 FERA stands for : 

Test: Economic Reforms In India - 1 - Question 13

Which of the following industries are not reserved for public sector presently?

Test: Economic Reforms In India - 1 - Question 14

Which of the following statement is correct about the new industrial policy, 1991?

Test: Economic Reforms In India - 1 - Question 15

 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

One major proposal of New Industrial Policy (1991)

Test: Economic Reforms In India - 1 - Question 17

 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

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

 Devaluation of currency stands for:

Test: Economic Reforms In India - 1 - Question 20

The annual interest rate for a savings account is:

Test: Economic Reforms In India - 1 - Question 21

________ Percent FDI is allowed in Private Bank :-

Test: Economic Reforms In India - 1 - Question 22

 What was the SLR during 1990-1999 when it was at peak?

Test: Economic Reforms In India - 1 - Question 23

CRR in India in 2007 was:

Test: Economic Reforms In India - 1 - Question 24

SEBI is a ________.

Test: Economic Reforms In India - 1 - Question 25

 Before financial reforms, banking sector was ______.

Test: Economic Reforms In India - 1 - Question 26

 What proportionate of foreign investment is allowed in telecom sector?

Test: Economic Reforms In India - 1 - Question 27

Quantitative restrictions on ________ items were removed in the EXIM policy of 2000-01:

Test: Economic Reforms In India - 1 - Question 28

Before financial reforms, the banking sector was characterized by all of the following features except.

Test: Economic Reforms In India - 1 - Question 29

Financial sector reforms mainly relate to. 

Test: Economic Reforms In India - 1 - Question 30

Government of India has replaced FERA by:

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