Question : The 1991 economic policy led to the abolition of the:

Option 1: Planning Commission

Option 2: Reserve Bank of India (RBI)

Option 3: Central Board of Direct Taxes (CBDT)

Option 4: Ministry of Finance

Question : What was a major criticism of the suspension of Five-year Plans in India?

Option 1: It led to over-dependence on foreign aid.

Option 2: It hindered long-term economic planning.

Option 3: It resulted in excessive privatization of industries.

Option 4: It caused a decline in agricultural productivity.

Question : Which one of the following formulates the fiscal policy in India?

Option 1: Planning Commission

Option 2: Finance Commission

Option 3: Reserve Bank of India

Option 4: Ministry of Finance

Question : Which body is constituted by the President of India to advise on the decision of Central Resources between the central and the State ?

Option 1: Tariff Commission

Option 2: Finance Commission

Option 3: Planning Commission 

Option 4: Taxation Enquiry Commission

Question : Identify the importance of business environment highlighted in the below case.
Increase in the Indian share of World tourism the AGF hotels has planned for new hotels in India.
 

Option 1: Helps in taping useful resources
 

Option 2: Helps in coping with rapid changes
 

Option 3: Helps in assisting in planning and policy formation
 

Option 4: Health and improving performance.