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When was WTO founded?


The World Trade Organisation was founded in 1995 as the successor organisation to the General Agreement on Tariffs and Trade (GATT).

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What is liberalisation?


The financial sector in India is controlled by

  • The Central Government

     

  •  State Governments

     

  • The Reserve Bank of India

     

  • The Reserve Bank of India

     


Which is the fiscal reform undertaken under new economic policy?

  • Abolition of import quotas

     

  • Reduction in import duty

     

  • Emphasis on simple and moderate tax structure.

     

  • Emphasis on simple and moderate tax structure.

     


What is privatisation?


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