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CUET Economics 2026 PYQs13 May Shift 1. Free, no login required.

Indian Economic Development

past year questions, CUET Economics 2026 13 May Shift 1

Economic Reforms (1991)

past year questions, Indian Economic Development, CUET Economics 2026 13 May Shift 1

Medium

Arrange the following in chronological order (oldest to latest) :

(A) World Trade Organisation (WTO)

(B) Goods & Services Tax in India (GST).

(C) General Agreement on Tariff & Trade (GATT)

(D) Adaptation of LPG policy by India.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

GATT was established in 1948 (C). India adopted the LPG policy in 1991 (D). The WTO came into existence in 1995 (A). GST was implemented in India in 2017 (B). Chronological order: (C), (D), (A), (B).

Related questions:

2026: 11 May Shift 2

Match the LIST-I with LIST-II

LIST-ILIST-II
A. Fiscal policyI. Specialize in advising companies and managing their equity\debt requirement
B. Multilateral Trade AgreementII. Optimum utilization of world resources
C. World Trade OrganizationIII. Actions planned by the government in mobilizing financial resources
D. Merchant BankerIV. Trade agreement between three or more nations

Choose the correct answer from the options given below:

2026: 11 May Shift 1

What does NEP stand for, with reference to the 1991 economic reforms in India?

2025: 3 June Shift 1

Chronologically, arrange the following events:

(A) Announcement of demonetisation.

(B) Circulation of fake currency.

(C) Existing ₹500 and ₹1000 notes lost legal tender.

(D) Visible reduction in tax evasion.

Choose the correct answer from the options given below:

2024: 16 May

Second phase of Green Revolution is termed from

2023: 20 June Shift 1

Full form of FII.

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

(C) Globalisation | (III) To administer all multilateral trade agreements

(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 :

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