1991 Reforms & Liberalization

LPG era and opening of the economy. Ideal for competitive exams and general knowledge prep.

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QUESTION NO 01

Fiscal deficit is?

Answer: Excess of government expenditure over receipts (excluding borrowings as defined)

It shows the government’s borrowing requirement.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 02

Inflation is?

Answer: Sustained rise in general price level

CPI/WPI track price changes.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 03

GST in India is a?

Answer: Destination-based indirect tax subsuming many earlier taxes

Goods and Services Tax unified many indirect taxes from 2017.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 04

Primary sector includes?

Answer: Agriculture, forestry, fishing, mining

Primary activities extract natural resources.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 05

Demographic dividend refers to?

Answer: Growth potential from a large working-age share

India’s youthful population can aid growth if productively employed.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 06

FDI means?

Answer: Foreign Direct Investment

FDI is investment in productive assets by foreign entities.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 07

MSME sector is important for?

Answer: Employment and entrepreneurship

Micro, Small and Medium Enterprises employ millions.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 08

Repo rate is used by RBI to?

Answer: Influence liquidity and interest rates

It is a key monetary policy tool.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 09

Current account includes?

Answer: Trade in goods/services and transfers (broadly)

CAD/CAS tracks external current transactions.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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QUESTION NO 10

Public sector enterprises are?

Answer: Government-owned/controlled companies

PSUs operate in strategic and commercial sectors.

Shahzad Mahota @shahzad-mahota

302 Quizzes

2930 Questions

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Shahzad Mahota

@shahzad-mahota

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1991 Reforms & Liberalization

Fiscal deficit is?

Inflation is?

GST in India is a?

Primary sector includes?

Demographic dividend refers to?

FDI means?

MSME sector is important for?

Repo rate is used by RBI to?

Current account includes?

Public sector enterprises are?

Published By

Shahzad Mahota

00

00

00

00

00

00

1991 Reforms & Liberalization

Fiscal deficit is?

Explanation

Inflation is?

Explanation

GST in India is a?

Explanation

Primary sector includes?

Explanation

Demographic dividend refers to?

Explanation

FDI means?

Explanation

MSME sector is important for?

Explanation

Repo rate is used by RBI to?

Explanation

Current account includes?

Explanation

Public sector enterprises are?

Explanation

Published By

Shahzad Mahota

00

00

00

00

00

00

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