Indian Economic Development

Economic Reforms (1991)

Medium

(A) Establishment of NABARD

(B) FRBMA (Fiscal Responsibility and Budget Management Act)

(D) Nationalization of RBI

Choose the correct chronological sequence in ascending order (earliest to latest) :

(A), (B), (C), (D)

(A), (C), (B), (D)

(D), (A), (B), (C)

(D), (A), (C), (B)

✅ Correct Option: 4

(D) Nationalization of RBI (1949) → Government took control of Reserve Bank.
(A) Establishment of NABARD (1982) → Created for rural development financing.
(C) Third Five Year Plan (1961-1966) → Focused on economic growth strategies.
(B) FRBMA (2003) → Aims for fiscal discipline and accountability.

Correct sequence: (D) → (A) → (C) → (B)

It's an NTA error

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.

2026: 21 May Shift 1

From which of the following two inernational organisations India had to borrow for its balance of payment crisis?

2022: 15 July Shift 2

Liberation of trade and investment regime was initiated in the Indian Economy in 1991 to provide for:

A. International competitiveness of industrial production.

B. Promotion of competitiveness of local industries.

C. Collection of higher tariffs.

D. Adoption of modern technologies

E. Control over imports.

Choose the correct answer from the options given below:

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: 6 June Shift 1

GATT stands for_

2026: 13 May Shift 1

Arrange the following in chronological order (oldest to latest) :

(A) World Trade Organisation (WTO)

(B) Goods & Services Tax in India (GST).

(D) Adaptation of LPG policy by India.

Choose the correct answer from the options given below:

Choose the correct chronological sequence in ascending order (earliest to latest) :

Solution

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