Indian Economic Development

Economic Reforms (1991)

Easy

GATT stands for_

General Awareness on Trade and Tariff

General Arrangement on Tariff and Trade

General Agreement on Terms and Trade

General Agreement on Trade and Tariff

✅ Correct Option: 4

GATT is the General Agreement on Tariffs and Trade, established in 1948 to promote multilateral trade by reducing tariffs; it was later succeeded by the WTO in 1995. Among the given options, option 4 matches this expansion.

Note: The standard expansion is 'Tariffs and Trade'; the option reverses the word order as 'Trade and Tariff'. We have selected it as the intended answer.

2023: 11 June Shift 3

Demonetisation in India was taken up by the government in :

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 :

2026: 19 May Shift 2

The origin of the financial crisis lead to adoption of structural reforms. Which of the following is not the possible causes for the same?

2026: 23 May Shift 1

Identify the correct option which describes the objective of the Goods and Service Tax (GST)?

2026: 31 May Shift 1

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

2024: 16 May

Second phase of Green Revolution is termed from

GATT stands for_

Solution

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