Indian Economic Development

Economic Reforms (1991)

Easy

Arrange the following sequence of events related to liberalization, privatisation and globalisation in chronological order.

(A) General Agreement on Trade and Tariff (GATT)

(B) World Trade Organization (WTO)

(C) New Economic Policy (NEP) implementation in India

(D) Introduction of Goods and Service Tax (GST)

Choose the correct answer from the options given below:

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

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

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

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

✅ Correct Option: 1

GATT was established in 1948 (A), India's New Economic Policy was implemented in 1991 (C), the WTO was founded in 1995 as GATT's successor (B), and GST was introduced in India in 2017 (D). Chronological order: A, C, B, D.

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:

2026: 21 May Shift 1

Privatisation of the public sector enterprises (PSEs) by selling off part of the equity of PSE's to the public is known as ..................

2023: 1 June Shift 1

________ specify the quantity of goods which can be imported.

2024: 16 May

Arrange the following items in correct sequence:

(A) Competition Act

(B) FEMA

(D) MRTP

2026: 11 May Shift 2

Which of the following is NOT true for Globalisation as adopted by India under 'New Economic Policy-1991'?

2026: 13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Industrial Sector Reforms	(I) Role of RBI from regulator to facilitator
(B) Financial Sector Reforms	(II) Dereservation and price fixation by market
(C) Disinvestment	(III) Selling off part of the equity of PSEs.
(D) Outsourcing	(IV) Hiring regular service from external sources.

Choose the correct answer from the options given below:

Solution

Related questions:

Keyboard Shortcuts

CUET Economics Past Year Questions (Topic-Wise)