Q2.Which policy do these changes belong to (i) SLR and CRR reduced by RBI to increase the availability of funds (ii) Bank rate reduced (iii) SEBI made statutory
Answer : Option AExplaination / Solution:
Under the New Economic Policy (NEP), all of these changes were made to the monetary policy and the monetary policy was also disassociated from the fiscal policy.
Q4.One of the following is an example of economic infrastructure
Answer : Option BExplaination / Solution:
Infrastructure provides supporting services in the main areas of industrial and agricultural production, domestic and foreign trade and commerce. Roads play the vital role.