Question : Which sector witnessed increased competition due to liberalization in India?

Option 1: Agriculture

Option 2: Education

Option 3: Health care

Option 4: Telecom and communication

Question : Which policy aimed to protect domestic industries from foreign competition in India?

Option 1: Import substitution

Option 2: Export promotion

Option 3: Public-private partnership

Option 4: Swadeshi movement

Question : The decline of the cottage industry in India during the colonial period was primarily due to:

Option 1: The introduction of modern machinery

Option 2: The lack of raw materials

Option 3: The competition from British manufactured goods

Option 4: The decrease in domestic demand

Question : Statement 1: Liberalization of the financial sector in India aimed to promote competition among banks.

Statement 2: The Reserve Bank of India (RBI) was abolished as part of financial sector reforms.

Option 1: Both statements are true.

Option 2: Both statements are false.

Option 3: Statement 1 is true, and statement 2 is false.

Option 4: Statement 1 is false, and statement 2 is true.

Question : Statement 1: Liberalization of the financial sector in India aimed to increase competition among banks.

Statement 2: The Reserve Bank of India (RBI) played a key role in implementing financial sector reforms.

Option 1: Both statements are true.

Option 2: Both statements are false.

Option 3: Statement 1 is true, and statement 2 is false.

Option 4: Statement 1 is false, and statement 2 is true.