Which of the following is NOT a part of the trade and investment policy reforms initiated under the New Economic Policy reforms in 1991?
Imposing high tariffs
The 1991 reforms aimed to liberalize the economy. They included reducing tariffs, not increasing them. High tariffs were prevalent before the reforms. The correct answer is "Imposing high tariffs" as it contradicts the spirit of liberalization.
In a ________ economy, all important economic activities are determined by the government.
Any point below the concave production possibility curve means which of the following?
(a) Undernutilisation of resources
(b) Wastage of Resources
The Montreal Protocol is associated with the problem of ________.
Which of the following is NOT a method of measurement of national income?
The Sen index is a tool for the measurement of:
| List I (Name of Shifting Cultivation) | List II (Country) |
| A. Milpa | 1. Zaire |
| B. Ladang | 2. Brazil |
| C. Rocca | 3. Malaysia |
| D. Masole | 4. Mexico |