Question : Which of the following policy measures is a step towards liberalisation?
Option 1: Enhancing tariffs
Option 2: Eliminating licenses for importing a majority of goods
Option 3: Imposing limits on capital accumulation
Option 4: Increasing requirements for bank reserves and restrictions on interest rates
Correct Answer: Eliminating licenses for importing a majority of goods
Solution : The correct answer is Eliminating licences for importing a majority of goods.
Liberalisation Is typically used in the context of a government relaxing its previously imposed restrictions on economic or social policies. Eliminating licences for importing a majority of goods is one of the steps towards liberalisation, and the essential feature of liberalisation is relaxing the approval of FDI in various sectors.
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Question : Which of the following policy measures is not a step towards liberalisation?
Option 1: Increase in equity limit of foreign investment
Option 2: Enhancement in tariffs
Option 3: Removal of industrial licensing for certain industries
Option 4: Removal of the requirement of registration for certain industries
Question : A Supreme Court or High Court judge can be removed by the Parliament by:
Option 1: Simple majority
Option 2: Both simple and two-third majority
Option 3: Special majority
Option 4: Two third majority
Question : A low-interest policy is also known as:
Option 1: cheap money policy
Option 2: income generating
Option 3: dear money policy
Option 4: investment policy
Question : An unexpected rise in sales of a product leads to ______.
Option 1: planned decumulation of inventory
Option 2: unplanned decumulation of inventory
Option 3: unplanned accumulation of inventory
Option 4: planned accumulation of inventory
Question : Directions: Pooja drives 4 km towards the east from point A. She takes a right turn and drives 2 km. Then she takes a left turn and drives 3 km. Again, she turns left and drives 2 km to point B. How far and towards which direction should she drive now to reach point A again?
Option 1: 7 km towards west
Option 2: 4 km towards south
Option 3: 4 km towards east
Option 4: 5 km towards north
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