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Home Questions UR4ZRAQ4BT
Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Match the following:

1. International Bank for reconstruction and development A. Simplification of tax paying procedure
2. Financial sectors reforms B. World bank
3. Fiscal reforms C. Highly priced goods
4. Privatisation  D. Role of RBI
Options:

1-C, 2-D, 3-B, 4-A

1-C, 2-B, 3-A, 4-D

1-B, 2-D, 3-A, 4-C

1-C, 2-A, 3-D, 4-B

Correct Answer:

1-B, 2-D, 3-A, 4-C

Explanation:

International Bank for reconstruction and development is popularly known as world bank and international monetary fund. 

Financial sector reforms include the dilution in the role of RBI from regulator to facilitator.

Fiscal reforms includes the policy related to taxation and expenditure of the government. It focused on simplifying the tax paying procedure so that maximum revenue could be generated.

One of the outcome of privatisation was high priced goods available to the consumers.

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