Government of India is seriously thinking to allow oil marketing public sector undertakings to fix their own price for petrol and diesel. Which economic reform is the reason of this change in government's policy?

Government of India is seriously thinking to allow oil marketing public sector, undertaking to fix their own price for petrol and diesel. (i) Name the economic reform related to decision of government. (ii) Name other two reforms recommended in new economic policy.

Directions: In the question given below a statements is followed by three courses of action numbered I or (A), II or (B) and III or (C). A course of action is a step or administrative decision to be taken for improvement, follow-up for further action in regards to the problem, policy etc. on the basis of the information given in the statement. you have to assume everything in the statement to be true, then decide which of the three given/suggested courses of action logically follows for pursuing and decide the answer. Statement: Employees of all the government organisation and public sector undertakings in the country went on a day's strike protesting against the process of privatisation of government run public sector undertakings which has resulted into loss to exchequer worth crores of rupees. Courses of action: I. All those employees who remained absent from work should be suspended. II. The government should put on hold the process of privatisation of government-run public sector undertakings. III. The government should declare complete ban on striking work by employees in all organizations in the country. 1) Only I follows 2) Only III follows 3) Only II follows 4) Only II and III follow 5) None of these

The Government of India has recently made it mandatory for oil marketing companies to blend 5% ethanol with petrol. Which of the following is/are the likely consequerice/ consequences of the policy? 1. Lower India's dependence on fossil oil 2. Reduce fuel import bill Select the correct answer using the code given below.