CUET Economics - Indian Economic Development - Economic Reforms (1991) | Free Questions - Page 2

Q1:

2024: 16 May

Indian Economic Development

>

Economic Reforms (1991)

Medium

(A) Establishment of NABARD

(B) FRBMA (Fiscal Responsibility and Budget Management Act)

(C) Third Five Year Plan

(D) Nationalization of RBI

Choose the correct chronological sequence in ascending order (earliest to latest) :

(A), (B), (C), (D)

(A), (C), (B), (D)

(D), (A), (B), (C)

(D), (A), (C), (B)

Correct Answer

Option 4

Correct Answer

Explanation

Q2:

2024: 16 May

Indian Economic Development

>

Economic Reforms (1991)

Hard

Arrange the following items in correct sequence:

(A) Competition Act

(B) FEMA

(C) FERA

(D) MRTP

(A), (B), (C), (D)

(A), (C), (B), (D)

(D), (C), (B), (A)

(C), (B), (D), (A)

Correct Answer

Option 3

Correct Answer

Explanation

Q3:

2024: 16 May

Indian Economic Development

>

Economic Reforms (1991)

Easy

Second phase of Green Revolution is termed from

mid 1960s to mid 1970s

mid 1970s to mid 1980s

mid 1950s to mid 1960s

mid 1980s to mid 1990s

Correct Answer

Option 2

Correct Answer

Explanation

Q4:

2023: 20 June Shift 1

Indian Economic Development

>

Economic Reforms (1991)

Easy

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

Many goods produced by small-scale industries have been dereserved

The only industries reserved for public sector is a part of atomic energy generation and some core activities in railway transport

Industrial licencing for private sector industries

In most industries the market has ben allowed to determine the prices

Correct Answer

Option 3

Correct Answer

Explanation

Q5:

2023: 20 June Shift 1

Indian Economic Development

>

Economic Reforms (1991)

Easy

Full form of FII.

Foreign Indirect Investment

Foreign International Income

Foreign Indirect Investors

Foreign Institutional Investors

Correct Answer

Option 4

Correct Answer

Explanation

Q6:

2023: 11 June Shift 3

Indian Economic Development

>

Economic Reforms (1991)

Medium

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 :

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation

Q7:

2023: 11 June Shift 3

Indian Economic Development

>

Economic Reforms (1991)

Easy

Demonetisation in India was taken up by the government in :

July 2016

August 2016

September 2016

November 2016

Correct Answer

Option 4

Correct Answer

Explanation

Q8:

2023: 11 June Shift 3

Indian Economic Development

>

Economic Reforms (1991)

Medium

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 :

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation

Q9:

2023: 1 June Shift 1

Indian Economic Development

>

Economic Reforms (1991)

Easy

________ specify the quantity of goods which can be imported.

Tariffs

Export duties

Quotas

Goods and Service Tax

Correct Answer

Option 3

Correct Answer

Explanation

Q10:

2023: 1 June Shift 1

Indian Economic Development

>

Economic Reforms (1991)

Easy

Identify the statement associated with Indian Economic Crisis of 1991?

The income from public sector undertaking was very high.

Our foreign exchange borrowed from other countries and financial institutions was spent on meeting consumption.

Indian govt. income was greater than govt. expenditure

There were sufficient amount of foreign exchange.

Correct Answer

Option 2

Correct Answer

Explanation

Q11:

2023: 1 June Shift 1

Indian Economic Development

>

Economic Reforms (1991)

Easy

The predecessor organisation to World Trade Organisation was ________.

International Bank for Reconstruction and Development (IBRD)

International Monetary Fund (IMF)

Reserve Bank of India (RBI)

General Agreement on Tariffs and Trade (GATT)

Correct Answer

Option 4

Correct Answer

Explanation

Q12:

2023: 1 June Shift 1

Indian Economic Development

>

Economic Reforms (1991)

Medium

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 :

(B), (D), (A), (C)

(D), (B), (C), (A)

(B), (D), (C), (A)

(D), (B), (A), (C)

Correct Answer

Option 2

Correct Answer

Explanation

Q13:

2023: 29 May Shift 2

Indian Economic Development

>

Economic Reforms (1991)

Easy

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:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation

Q14:

2023: 29 May Shift 2

Indian Economic Development

>

Economic Reforms (1991)

Easy

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

Stabilisation, Short term

Structural Reform, Long term

Stabilisation, Long term

Structural Reform, Short term

Correct Answer

Option 1

Correct Answer

Explanation

Q15:

2023: 28 May Shift 2

Indian Economic Development

>

Economic Reforms (1991)

Easy

Adoption of new technology is called __________.

Liberalisation

Modernisation

Globalisation

Green Revolution

Correct Answer

Option 2

Correct Answer

Explanation

Q16:

2023: 28 May Shift 2

Indian Economic Development

>

Economic Reforms (1991)

Easy

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.

World Trade Organisation

United Nations

International Monetary fund

World Bank

Correct Answer

Option 1

Correct Answer

Explanation

Q17:

2022: 30 Aug Shift 2

Indian Economic Development

>

Economic Reforms (1991)

Medium

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 :

(C), (A), (D), (B)

(B), (A), (D), (C)

(A), (C), (D), (B)

(C), (D), (A), (B)

Correct Answer

Option 4

Correct Answer

Explanation

Q18:

2022: 19 July Shift 2

Indian Economic Development

>

Economic Reforms (1991)

Easy

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 :

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation

Q19:

2022: 16 July Shift 2

Indian Economic Development

>

Economic Reforms (1991)

Medium

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:

C, D, B, A, E

C, A, E, D, B

C, B, D, A, E

C, B, A, D, E

Correct Answer

Option 3

Correct Answer

Explanation

Q20:

2022: 15 July Shift 2

Indian Economic Development

>

Economic Reforms (1991)

Medium

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:

A, B and C

B, D and E

A, B and D

C, D and E

Correct Answer

Option 3

Correct Answer

Explanation

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