The New Industrial Policy was announced in India in which year? MCQ with Answer and Explanation

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The New Industrial Policy was announced in India in which year?

A. 1991

B. 1956

C. 1948

D. 2000

Answer: Option A

Solution (By JKSSB Mock Tests)

The New Industrial Policy was announced in 1991, removing most industrial licensing.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'NABARD' was established on the recommendation of which committee?

A. Gadgil Committee

B. Rangarajan Committee

C. Narasimham Committee

D. Sivaraman Committee

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Correct Answer: Option D

Explanation:
NABARD was established on the recommendation of the Sivaraman Committee.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'supply-side economics' emphasizes which policies?

A. raising taxes

B. increasing aggregate demand

C. reducing tax rates and regulation to increase output

D. increasing money supply

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Correct Answer: Option C

Explanation:
Supply-side economics emphasizes lower taxes and reduced regulation to stimulate production.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the 'Modigliani-Miller Theorem'?

A. Capital structure is the only determinant of firm value

B. The value of a firm always rises with higher leverage

C. Dividend policy always affects firm value

D. In perfect capital markets, the value of a firm is independent of its capital structure

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Correct Answer: Option D

Explanation:
The Modigliani-Miller theorem asserts that, under perfect capital markets (no taxes, no bankruptcy costs, no asymmetric information), the total value of a firm is independent of whether it is financed by debt or equity.

This question belongs to: Economy GK Economy Set 1

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