#1 The Removal of prohibitions and hindrance by government is called-
Liberalization (or liberalisation) is any process whereby a state lifts restrictions on some private individual activities. Liberalization occurs when something which used to be banned is no longer banned, or when government regulations are relaxed.
#2 Arthashastra by “Kautilya” is related with-
Kautilya’s Arthashastra is an excellent treatise on statecraft, economic policy and military strategy. it is said to have been written by Kautilya, also known by the name Chanakya or Vishnugupta, the prime minister of India’s first great emperor, Chandragupta Maurya.
#3 Which of the following is not the infrastructure Sector?
The food industry is a complex, global collective of diverse businesses that supplies most of the food consumed by the world’s population. Only subsistence farmers, those who survive on what they grow, and hunter-gatherers can be considered outside the scope of the modern food industry.
#4 The term ‘Mixed Economy’ denotes-
An economic system in which both the private enterprise and a degree of state monopoly (usually in public services, defense, infrastructure, and basic industries) coexist. All modern economies are mixed where the means of production are shared between the private and public sectors. Also called dual economy.
#5 Which of the following sectors contributed more of the savings in India?
The aggregate macroeconomic sector that includes the entire wants and-needs-satisfying population of the economy. The primary economic role of the household sector is consumption. The share of gross domestic product purchased by the household sector is termed consumption expenditures.