CUET Economics: Indian Economic DevelopmentEconomic Reforms (1991). Free, no login required.

Arrange the following in chronological order, starting from the oldest.

A. Introduction of New Economic policy

B. Formation of World Trade Organisation

C. Establishment of General Agreement on Trade and Tariff

D. Removal of quantitative restrictions on imports of manufactured consumer goods and agricultural products

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Identify the correct option which describes the objective of the Goods and Service Tax (GST)?

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

From which of the following two inernational organisations India had to borrow for its balance of payment crisis?

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)

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GATT stands for_

Arrange the following in chronological order (oldest to latest)

(A) WTO

(B) GATT

(C) LPG Policy in India

(D) GST in India

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After agreeing on the conditions of World Bank and IMF India announced which of the following policy?

Privatisation of the public sector enterprises by selling off partial or full equity of PSEs to the public is known as:

What were the major problems that the Indian economy was facing before the introduction of new reform policy?

A. Declining foreign exchange.

B. Growing imports without matching rise in exports.

C. Government revenue exceeds expenditure.

D. Rising prices of essential goods.

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Which constitutional amendment was passed for Goods and services tax?

Arrange the following according to their established / implementing year in chronological order (oldest to latest).

(A) New Economic Policy was introduced.

(B) The General Agreement On Tariffs And Trade (GATT).

(C) World Trade organization.

(D) Goods and Service Tax.

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Which of the following public sector enterprise is a part of Maharatnas?

Match the LIST-I with LIST-II in respect to different reforms took place in Indian Economy.

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Which of the following is correct about the economic development of India during the five year plans?

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

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

______________ attempts to establish links in such a way that the happenings in India can be influenced miles away, resulting a borderless world.

Which is NOT an example of public enterprise with their status as 'Miniratnas'?

Match List-I with List-II

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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.

(C) First nationalization of commercial banks in India.

(D) LPG policy.

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Privatisation of the public sector enterprises by selling off part of the equity of PSEs to the public is known as:

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.

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Match List-I with List-II

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Stabilisation measures under New Economic Policy directly targeted to which of the following?

Match the LIST-I with LIST-II

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

Which of the following combinations about liberalization are correct?

A. Deregulation of industrial Sector.

B. Rupee was revalued against foreign currencies.

C. Foreign Institutional investors are allowed to invest in Indian financial markets.

D. Removal of export duties.

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

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.

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