eVidyarthi

MCQ Chapter 9 Economics Class 11 Maharashtra Board

Economic Policy of India Since 1991

1. What was the rate of inflation in August 1991?

Question 1 of 20

2. What was one major reason behind the economic crisis of 1991 in India?

Question 2 of 20

3. What policy did India adopt in response to the 1991 economic crisis?

Question 3 of 20

4. Which of the following was a key objective of the New Economic Policy of 1991?

Question 4 of 20

5. Which industry still requires compulsory licensing as per current policy?

Question 5 of 20

6. What was the main reason for abolishing the MRTP Act?

Question 6 of 20

7. What was the investment limit raised for small sector units under the policy?

Question 7 of 20

8. Initially, up to what percentage was FDI allowed in high priority industries?

Question 8 of 20

9. As per current public sector policy, how many industries are reserved for the public sector?

Question 9 of 20

10. What is the main goal of trade liberalisation under NEP?

Question 10 of 20

11. What does the Insurance Regulatory and Development Authority Act (IRDA) aim to do?

Question 11 of 20

12. What change was brought about in the banking sector under NEP?

Question 12 of 20

13. What does liberalisation mean in economic terms?

Question 13 of 20

14. Who promoted the concept of economic freedom in his book 'Wealth of Nations'?

Question 14 of 20

15. What replaced the FERA to bring flexibility in foreign exchange laws?

Question 15 of 20

16. What is SEBI’s primary role?

Question 16 of 20

17. What does privatisation generally mean?

Question 17 of 20

18. What is disinvestment in the context of NEP?

Question 18 of 20

19. What is the purpose of BIFR?

Question 19 of 20

20. What was the aim of the National Renewal Board (NRB)?

Question 20 of 20


 

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