Question : Fiscal policy refers to:

Option 1: Government policies that affect the overall level of economic activity
   

Option 2: Monetary policies implemented by the central bank
   

Option 3: Policies aimed at reducing inflation

Option 4: Policies aimed at reducing unemployment

Question : Which policy aimed at reducing India's dependence on imports and promoting self-reliance?

Option 1: Import Substitution Policy

Option 2: Export Promotion Policy

Option 3: Liberalization Policy

Option 4: Privatization Policy

Question :  The government's policy of reducing taxes to stimulate economic growth is known as ____________.

Option 1: Austerity measures

Option 2: Expansionary fiscal policy 

Option 3: Contractionary fiscal policy

Option 4: Supply-side economics

Question : Which policy aimed to reduce the fiscal deficit and promote fiscal discipline in the 1991 economic policy?

Option 1: Monetary policy

Option 2: Fiscal policy

Option 3: Public debt policy

Option 4: External debt policy

Question : The 'License-Permit-Quota' system in India was aimed at:

Option 1: Promoting ease of doing business

Option 2: Regulating foreign investment

Option 3: Controlling inflation

Option 4: Managing industrial growth