Indian Economic Development

Economic Reforms (1991)

Easy

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

Expenditure to fight unemployment, poverty and population explosion.

Foreign exchange reserves declined.

Prices of many essential goods rose sharply.

IT industry became the major contributor to India's exports.

✅ Correct Option: 4

The 1991 crisis originated from heavy government spending on unemployment, poverty and population problems, declining foreign exchange reserves, and sharply rising prices of essential goods. The IT industry becoming a major contributor to exports is a post-reform development, not a cause of the crisis, so option 4 is not a possible cause.

2023: 20 June Shift 1

Full form of FII.

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: 20 June Shift 1

Which of the following was not an industrial reform policy introduced in India in and after 1991?

2026: 11 May Shift 2

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

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: 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.

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

Solution

Related questions:

Keyboard Shortcuts

CUET Economics Past Year Questions (Topic-Wise)