Economic Reforms in India -Test 2

Government of India constituted a Tax Reforms Committee in _____ .

After independence public sector developed so that it becomes :

Economic reform is required  to overcome the problem of

(i) Excess consumption and expenditure over revenue

(ii) Over protection to industry and heavy losses in public sector

(iii) Mismanagement of firm, economy and poor technological development

(iv) Mismanagement of foreign exchange reserve and shortage of foreign exchange

Economic reforms were introduced in the following sector of the economy :

After economic reform industrial licensing was abolished for _____ .

Presently industrial licensing is required for

At present, there are ______ industries which are reserved for public sector .

Industry which is not reserved for public sector .

Private sector companies who are seeking entry into defense production require minimum capital investment of ______ .

Foreign investment is being allowed up to ___ percent of capital employed by a private sector who is seeking entry into defense production :

Project where imported capital goods are required automatic clearance if the value of imported capital goods required is _______ of the total value plant and machinery upto ___ .

During the year 2000-03, 100% foreign direct investment was allowed in :

After economic reform approval would be given for foreign direct investment up to ____ percent equity in high priority industries .

From 2004-05 FDI limit in private sector bank raised to ______ .

From 2005 FDI limit in certain services of telecom sector was increased from 49% to  ___ .

Financial sector reforms mainly relate to :

Globalization includes

CRR was gradually droped from 15% during pre-reform year to (sep. 2012) ___

Present SLR is (2012)

Prime Lending Rates of banks for commercial credit are now fixed by ___ .

Bank rate is in 2012 ____ .

Economic reforms to the external sector does not includes :

Current EXIM policy allows free trade of all items except :

‘Vishesh Krishi Upaj Yojana’ has been started to promote ______ .

‘Served from India’ scheme was introduced to accelerate growth of ____ .

For reform of direct indirect tax laws Government of India constituted

Disinvestment Commission in India was established in ____ .

Tax rate for domestic companies has been reduced from 40% to _____ .

Tax rate for foreign companies has been reduced from 55% to _______

Dematerialization of TDS certificates had been effective from ____ .