Liberalisation in India

IMPORTANT

Liberalisation in India: Overview

This topic covers concepts, such as, Financial Sector Reforms in India, Tax Reforms in India, Liberalisation Reforms in India and Foreign Exchange Reforms in India etc.

Important Questions on Liberalisation in India

HARD
IMPORTANT

Out of Liberalisation, Privatisation and Globalisation, which term matches the best from the following

  • It involves deregulation and reduction of government controls and greater autonomy of private investment.
  • It means integration of economy of the country with the world economy.
  • It implies greater role of private sector in the economic activities of the country.
  • It aims to remove entry and growth restrictions on the Private Sector.
  • It involves selling off part of the equity of public sector undertakings to the public.
  • It aims to create a borderless world. 

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IMPORTANT

Which of the following refers to relaxation of previous government restrictions?

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Which of the following industries are reserved for the public sector?

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All Indirect Taxes have been subsumed under:

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Which of the following is not a tax reform? 

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Which of the following is not a tax reform? 

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Which of the following economic reforms were initiated by the government under liberalisation?

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Name any two taxes which were subsumed in Goods and Services Tax (GST)

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Name any two industries, which are exclusively reserved for the public sector. 

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Name any one industry for which license is required?

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What is meant by liberalisation?

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State the features of Goods and Services Tax (GST).

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Discuss the trade and investment policy reforms introduced under the new economic policy

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All Indirect Taxes have been subsumed under:

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Which of the following is not a tax reform? 

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______ involves deregulation and reduction of government controls and greater autonomy of private investment, to make economy more competitive. 

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As a result of Financial Sector Reforms, the limit of foreign investment in banks was raised to 35%.

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Financial Sector Reforms led to the origin of Private Banks.