12th Grade > Economics - 2
MODERN REFORMS MCQs
Total Questions : 28
| Page 2 of 3 pages
Answer: Option C. -> Devaluation
:
C
Devaluation occurs under the authorisation while depreciation occurs due to the market forces.
:
C
Devaluation occurs under the authorisation while depreciation occurs due to the market forces.
Answer: Option A. -> International Monetary Fund
:
A
The IMF agreed to lend to India under some conditions.
:
A
The IMF agreed to lend to India under some conditions.
Answer: Option B. -> Industry
:
B
Industries previously saw heavy red-tapism and control.
:
B
Industries previously saw heavy red-tapism and control.
Answer: Option D. -> Regularly been skewed to a deficit
:
D
India’s BOP has seen a deficit during most years, as India is a net importer.
:
D
India’s BOP has seen a deficit during most years, as India is a net importer.
Answer: Option C. -> GATT
:
C
General Agreement on Trade and Tariff was replaced by the WTO.
:
C
General Agreement on Trade and Tariff was replaced by the WTO.
Answer: Option C. -> Foreign Exchange Regulation Act
:
C
FEMA replacedFERA.
:
C
FEMA replacedFERA.
Answer: Option A. -> True
:
A
Tobacco and related products are one industry for which licensing controls have been retained.
:
A
Tobacco and related products are one industry for which licensing controls have been retained.
Answer: Option D. -> China
:
D
China implemented the one-child policy as part of birth control, to regulate the population growth.
:
D
China implemented the one-child policy as part of birth control, to regulate the population growth.
Answer: Option B. -> Reduction in government control over the economy
:
B
It entails regulating the control of the government over the economy’s industries and functioning.
:
B
It entails regulating the control of the government over the economy’s industries and functioning.
Answer: Option B. -> Washington Consensus
:
B
The Washington Consensus entails a set of economic prescriptions for developing countries.
:
B
The Washington Consensus entails a set of economic prescriptions for developing countries.
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