Indian Economic Development

Economic Reforms (1991)

Easy

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

Globalisation provides an opportunity in terms of greater access to global markets.

Globalisation provides greater access to high technology.

Market-driven globalisation has reduced the economic disparities between nations and people.

Globalisation has adversely affected the local industries in India.

✅ Correct Option: 3

Globalisation does offer greater access to global markets and high technology, and it has hurt some local industries facing foreign competition. However, market-driven globalisation has widened, not reduced, economic disparities among nations and people. So statement 3 is NOT true.

2026: 13 May Shift 1

On the basis of the government initiative, arrange the following in chronological order:

(A) The Reserve Bank of India.

(B) Fiscal Responsibility and Budget Management Act.

(D) LPG policy.

Choose the correct answer from the options given below:

2026: 11 May Shift 2

Match the LIST-I with LIST-II

LIST-I	LIST-II
A. Fiscal policy	I. Specialize in advising companies and managing their equity\debt requirement
B. Multilateral Trade Agreement	II. Optimum utilization of world resources
C. World Trade Organization	III. Actions planned by the government in mobilizing financial resources
D. Merchant Banker	IV. Trade agreement between three or more nations

Choose the correct answer from the options given below:

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 ..................

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: 6 June Shift 1

Arrange the following in chronological order (oldest to latest)

(A) WTO

(B) GATT

(D) GST in India

Choose the correct answer from the options given below:

2023: 11 June Shift 3

Match List - I with List - II.

List - I	List - II
(A) Maharatna	(I) Airports Authority of India
(B) Navratna	(II) Steel Authority of India Limited
(C) Miniratna	(III) Voice-based business processes
(D) Outsourcing	(IV) Mahanagar Telephone Nigam Limited

Choose the correct answer from the options given below :

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

Solution

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