Economic Reforms in India

Economics ⇒ Indian Economy

Economic Reforms in India starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Economic Reforms in India. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 11

Describe the impact of economic reforms on small-scale industries in India.

Describe the impact of economic reforms on the Indian service sector.

Discuss the impact of economic reforms on employment in India.

Discuss the impact of economic reforms on foreign direct investment (FDI) in India.

Explain the difference between privatisation and disinvestment.

Explain the role of the World Trade Organization (WTO) in the context of Indian economic reforms.

Explain the term 'disinvestment' and its purpose in economic reforms.

Explain the term 'globalisation' in the context of Indian economic reforms.

Which institution played a major role in providing financial assistance to India during the 1991 economic crisis? (1) World Bank (2) IMF (3) WTO (4) ADB

Which of the following is a feature of globalisation? (1) Restricting foreign trade (2) Encouraging foreign investment (3) Increasing government monopoly (4) Reducing competition

Which of the following is a result of liberalisation in India? (1) Increase in government control (2) Reduction in import duties (3) Decrease in foreign investment (4) Nationalisation of banks

Which of the following is NOT a component of the New Economic Policy of 1991? (1) Liberalisation (2) Privatisation (3) Nationalisation (4) Globalisation

Fill in the blank: The abolition of industrial licensing for most industries is known as __________.

Fill in the blank: The policy of allowing private sector participation in public sector enterprises is known as __________.

Fill in the blank: The policy of integrating the Indian economy with the world economy is called __________.

Fill in the blank: The policy of reducing the role of the public sector in the economy is called __________.

True or False: After 1991, the Indian government increased the number of industries reserved for the public sector.

True or False: Disinvestment refers to the sale of government shares in public sector undertakings.

True or False: Economic reforms in India have led to a reduction in poverty for all sections of society equally.

True or False: Economic reforms in India led to the removal of industrial licensing for most industries.