Indian Economic Development

Economic Reforms (1991)

Easy

After agreeing on the conditions of World Bank and IMF India announced which of the following policy?

New economic policy

New consumption policy

New recycling policy

New allocation policy

✅ Correct Option: 1

Facing a balance of payments crisis in 1991, India accepted the conditions attached to loans from the IMF and World Bank and, in return, announced the New Economic Policy of liberalisation, privatisation and globalisation.

2026: 21 May Shift 2

Which constitutional amendment was passed for Goods and services tax?

2026: 20 May Shift 1

Which of the following public sector enterprise is a part of Maharatnas?

2026: 12 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Multilateral trade agreements	(I) Outsourcing
(B) Liberalization	(II) Disinvestment
(C) Globalization	(III) WTO
(D) Privatization	(IV) FDI

Choose the correct answer from the options given below:

2026: 21 May Shift 2

What were the major problems that the Indian economy was facing before the introduction of new reform policy?

A. Declining foreign exchange.

B. Growing imports without matching rise in exports.

C. Government revenue exceeds expenditure.

D. Rising prices of essential goods.

Choose the correct answer from the options given below:

2024: 16 May

Second phase of Green Revolution is termed from

2026: 13 May Shift 1

Privatisation of the public sector enterprises by selling off part of the equity of PSEs to the public is known as:

After agreeing on the conditions of World Bank and IMF India announced which of the following policy?

Solution

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