Indian Economic Development

Economic Reforms (1991)

Medium

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:

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

A-I, B-II, C-III, D-IV

A-III, B-IV, C-II, D-I

A-III, B-IV, C-I, D-II

A-II, B-I, C-IV, D-III

✅ Correct Option: 2

Fiscal policy refers to the government's planned actions in mobilising and spending financial resources (III). A multilateral trade agreement is one between three or more nations (IV). The WTO aims at optimum utilisation of world resources through freer trade (II). Merchant bankers advise companies and manage their equity and debt requirements (I). Hence A-III, B-IV, C-II, D-I.

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 (Policy tools) | List - II (Characteristics)

(A) Disinvestment | (I) Hiring of regular services from External source

(B) Out sourcing | (II) Integration of the economy of the country with the world economy

(D) GATT | (IV) Privatisation of the public enterprises by selling off part of public equity sector

Choose the correct answer from the options given below :

2026: 15 May Shift 1

As per Foreign Exchange Reforms, in 1991, as an immediate measure to resolve the balance of payments crisis, the rupee was ____________ against foreign currencies.

2023: 29 May Shift 2

_________ measures are _________ measures intended to correct some of weaknesses that have developed in the Balance of payment.

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: 21 May Shift 1

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)

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

Choose the correct answer from the options given below:

Solution

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