CUET Economics Indian Economic Development > Economic Reforms (1991) PYQs

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:

Arrange the following items in correct sequence: (A) Competition Act (B) FEMA (C) FERA (D) MRTP

Second phase of Green Revolution is termed from

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

Full form of FII.

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 :

Demonetisation in India was taken up by the government in :

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 :

________ specify the quantity of goods which can be imported.

Identify the statement associated with Indian Economic Crisis of 1991?

The predecessor organisation to World Trade Organisation was ________.

Arrange the following in Chronological sequence : (A) Economic reforms in India (B) Green revolution in India (C) Economic crisis relating to India's external debt (D) Independence of India Choose the correct answer from the options given below :

Match List I with List II | | LIST I | | LIST II | |---|---|---|---| | A. | Reduction in value of currency | I. | Disinvestment | | B. | Dilution of share in organisation | II. | Inflation | | C. | Restriction on trade by taxes | III. | Devaluation | | D. | Rise in General price level | IV. | Tarrif Barriers | Choose the correct answer from the options given below:

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

Adoption of new technology is called __________.

Some Scholars question the usefullness of India being a member of the __________ organisation as a major volume of international trade occurs among the developed nations. Identify the organisation.

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. (C) Establishment of GATT (D) WTO founded as successor organisation to GATT. Choose the correct answer from the options given below :

Match **List - I** with **List - II**. | List - I (Economic Policy) | List - II (Objective) | |---|---| | (A) Outsourcing | (I) Integration of the economy of the country with the world economy | | (B) Liberalisation | (II) Company having regular services from external sources | | (C) Globalisation | (III) Shedding of ownership/management of a government owned enterprise | | (D) Privatisation | (IV) Put an end to restrictions that regulate economic activities | Choose the **correct** answer from the options given below :

Arrange the following in correct chronological order: A. Goods and Service Tax came into effect B. WTO was founded C. GATT was established D. Demonetization in India E. Privatization of Air India Choose the correct answer from the options given below:

Liberation of trade and investment regime was initiated in the Indian Economy in 1991 to provide for: A. International competitiveness of industrial production. B. Promotion of competitiveness of local industries. C. Collection of higher tariffs. D. Adoption of modern technologies E. Control over imports. Choose the correct answer from the options given below: