Indian Economic Development

Economic Reforms (1991)

Easy

Which of the following was not an industrial reform policy introduced in India in and after 1991?

Many goods produced by small-scale industries have been dereserved

The only industries reserved for public sector is a part of atomic energy generation and some core activities in railway transport

Industrial licencing for private sector industries

In most industries the market has ben allowed to determine the prices

✅ Correct Option: 3

Post-1991 reforms abolished industrial licensing for most private sector industries (licensing was retained only for a few like alcohol, cigarettes, defence equipment, etc.). Dereservation of small-scale goods, reduction of public-sector reserved industries to a handful, and market-determined pricing are all 1991 reforms. Therefore, 'Industrial licencing for private sector industries' is NOT a 1991 reform, it was the pre-1991 practice that was dismantled.

2023: 28 May Shift 2

Some Scholars question the usefullness of India being a member of the __________ organisation as a major volume of international trade occurs among the developed nations. Identify the organisation.

2023: 1 June Shift 1

The predecessor organisation to World Trade Organisation was ________.

2022: 30 Aug Shift 2

Identify the correct order of the events in which they occurred in India.

(A) Removal of quantitative restrictions on import of manufactured goods.

(B) Indian parliament passed a law, Goods and Services Act.

(D) WTO founded as successor organisation to GATT.

Choose the correct answer from the options given below :

2026: 15 May Shift 1

______________ attempts to establish links in such a way that the happenings in India can be influenced miles away, resulting a borderless world.

2026: 12 May Shift 1

Stabilisation measures under New Economic Policy directly targeted to which of the following?

2023: 1 June Shift 1

Arrange the following in Chronological sequence :

(A) Economic reforms in India

(B) Green revolution in India

(D) Independence of India

Choose the correct answer from the options given below :

Which of the following was not an industrial reform policy introduced in India in and after 1991?

Solution

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