Exercise
1. Choose correct option for the following from the options provided :
(1) From which year the economic reforms of LPG were introduced in India ?
(D) 1980
(A) 1947
(B) 1951
(C) 1991
(2) From which year was FEMA introduced in India ?
(A) 1973
(D) 1999
(B) 1980
(C) 1991
(3) In the recent times which of the following area is reserved for exclusive investment by the public
sector ?
(A) Fertilizer
(B) Television
(C) Automobile (D) Railway
(4) What is the policy of producing the goods domestically which are similar to imports called ?
(A) Privatization (B) Liberalization (C) Import substitution (D) Globalization
(5) What is the investment made by foreign companies in our country called?
(A) FERA
(B) FEMA
(C) FDI
(D) NRI
Answers
Answered by
1
Answer:
I am giving the answers as per my opinion! I don't know weather it's correct or not! pls check it once more
Explanation:
1) D
2)A
3)C
4)B
5)C
Answered by
0
Answer:
1. 1980
2.In the budget of 1997-98, the government had proposed to replace FERA-1973, by FEMA (Foreign Exchange management act). FEMA was proposed by the both house of the parliament in Dec. 1999. After the approval of president, FEMA 1999 has come into force w.e.f. June, 2000.
Similar questions