6.
What is the author’s opinion about the
government’s decision to liberalize the economy in 1991?
A.
It was beneficial because it created confidence
in the Indian economy.
B.
The timing was wrong since the economy
experienced a slowdown in growth rate.
C.
It led to a focus on software and other sectors
were neglected.
D.
Foreign companies took advantage of the new
policies and exploited certain sectors.
7.
How did software companies deal with slow
industrial growth in an open Indian economy?
A.
They focused on strengthening their position in
the domestic market.
B.
They campaigned for infrastructure development.
C.
They diversified into different sectors.
D.
They entered into partnerships with public
sector enterprises in resaved sectors.
8.
Which of the following is NOT true in the
context of the passage?
A.
India experienced a slowdown in growth during
the late 1990s because initially the economic growth rate was too rapid.
B.
There were a few stringent regulations on Indian
industries which kept economic growth below 12%
C.
Companies did not get import licenses for goods
if they were being indigenously produced.
A.
Only (A)
B.
Both (B) &(C)
C.
Both (A) & (B)
D.
All (A), (B) &(C)
9.
What does the author recommend to ensure that
the industrial sector continues to perform better?
A.
Subsidies should be provided in infrastructure
development.
B.
Government should keep control of and monitor
all infrastructure projects.
C.
Wipe out any infrastructure deficit by
transferring responsibility of these projects to the private sector.
D.
Ensure a combination of public and private
involvement in developing infrastructure.
10.
How did the economic reforms affect the
agriculture sector?
A.
A system of market determined exchange rate was
introduced.
B.
Constraints in agriculture increased.
C.
Prices were depressed because there was a
removal of protection on the sector.
D.
Agriculture growth rate doubled.
Answer: