1.  In which among the following years, a new ' Liberalized Industrial Policy ' in India was announced for the first time?

a

  1991

b

 1993

c

 1986

d

 1992

Answer & Explanation
Answer : Option A
Explanation :

2.  If the interest rate is decreased in an economy, it will

a

  increase the investment expenditure in the economy

b

 increase the tax collection of the Government

c

 decrease the consumption expenditure in the economy

d

 increase the total savings in the economy

Answer & Explanation
Answer : Option A
Explanation :

3.  Regular census in India are held every 10 years. In which year was the first regular census held in India?

a

  1951

b

 1911

c

 1921

d

 1941

Answer & Explanation
Answer : Option C
Explanation :

4.  Consider the following statements:
1.The cash component of the programme is borne exclusively by the Central Government
2.Foodgrains are provided free of costs to the States/ Union Territories Select the answer unsing the code given below:

a

  Only 1 is correct

b

 Only 1 & 2 are correct

c

 Only 2 & 3 are correct

d

 All are correct

Answer & Explanation
Answer : Option B
Explanation :

5.  It is argued that continuation of reservation for Small Scale Industries after import liberalisation is anachronistic because

a

  Indian SSI units are inherently inefficient

b

 Indian large scale producers cannot compete in outside markets

c

 Indian small scale manufacturers have to compete with large scale manufacturers from outside

d

 such reservation does not exist outside India

Answer & Explanation
Answer : Option C
Explanation :