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Strategy without tactics is the slowest route to victory, tactics without strategy is the noise before defeat...
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ustrial licensing
• Removal of restrictions on the private sector
• Foreign investments and foreign trade.
Why the need of Economic Reforms?
• Poor Performance of the Industrial Sector
• Adverse Balance of Payments
• Rise in Fiscal Deficit
• Inflation
• The Gulf War

Q4. Demonetisation of Rs. 500 and Rs. 1000 currency notes was announced on-
A. 08th November 2016
B. 01st January 2017
C. 15th August 2016
D. 31st March 2017

Answer: A.
Exp.: On 8th November 2016 demonetization was announced with the aim of the action was fourfold: to curb corruption; counterfeiting; the use of high denomination notes for terrorist activities; and especially the accumulation of “black money”, generated by income that has not been declared to the tax authorities.

Q5. The slogan "Garibi Hatao" is coined by-
A. Indira Gandhi
B. Rajiv Gandhi
C. Sonia Gandhi
D. Rahul Gandhi
Answer: A.
Exp.: The slogan 'Garibi Hatao' (Remove Poverty) was given by Indira Gandhi in 1971 as her election campaign. The slogan was officially used by the Congress party in 1980 for the five year plan.
• Poverty was serious issue after 1965 war and famine. 4th, 5th and 6th all three five year plans mentions about poverty removal as their core objective.
WBCS 2020
Subject: Economy

👉Previous Year Questions Analysis

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Q1. Which among the following is/are the participant/s of Drug Discovery Hackathon 2020 (DDH2020)?
1. MHRD’s Innovation Cell (MIC)
2. All India Council for Technical Education (AICTE)
3. Council of Scientific and Industrial Research (CSIR).
4.Centre for Development of Advanced Computing (CDAC)
1
Select the correct answer using the codes given below:
Anonymous Quiz
14%
A. 1 And 2
24%
B. 2, 3 and 4
17%
C. 1, 2 and 3
45%
D. All of the above
Q2: Silico drug design is a term that means-
1. Computer aided molecular design
2. Lab aided benzene design Which of the above are true for "Silico Deaign"?
Anonymous Quiz
23%
A. 1 only
24%
B. 2 only
51%
C. Both 1 and 2
3%
D. Neither 1 nor 2
Q3: In a setback to India, the Permanent Court of Arbitration (PCA) has ruled that India does not have jurisdiction to try the marines. The court held in-
Anonymous Quiz
34%
A. Netherlands
37%
B. New Zealand
17%
C. Poland
12%
D. Sweden
Q3: Which one of the following committee was set up to suggest ways to mobilise resources for the Indian Railways?
Anonymous Quiz
53%
A. Bibek Debroy Committee
31%
B. Narshimhan Committee
11%
C. Burma Committee
5%
D. None of the above
Q5: Dhamma Chakra Day, every year celebrated on 04th July is related to which of the following religion?
Anonymous Quiz
81%
A. Buddhism
8%
B. Sikhism
5%
C. Jainism
6%
D. Hindu