Question : A key feature of economic liberalization in India was:
Option 1: Strengthening of public sector monopolies
Option 2: Deregulation and privatization
Option 3: Increased emphasis on agricultural subsidies
Option 4: Closure of foreign companies
Correct Answer: Deregulation and privatization
Solution : A key feature of economic liberalization in India was deregulation and privatization, aimed at reducing government control and promoting private sector participation in the economy.
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Question : The focus on heavy industries during planned industrialization in India was intended to:
Option 1: Attract foreign investment
Option 2: Promote self-reliance and economic sovereignty
Option 3: Encourage the growth of the service sector
Option 4: Increase agricultural exports
Question : Which of the following was NOT an objective of land reforms in India?
Option 1: Abolition of intermediaries
Option 2: Tenancy reforms
Option 3: Consolidation of land holdings
Option 4: Privatization of agricultural land
Question : What was the impact of the East India Company's revenue settlements on rural society?
Option 1: Stabilization of the rural economy
Option 2: Increased agricultural productivity
Option 3: Displacement of traditional landholders
Option 4: Improved living standards for peasants
Question : The economic reforms in India led to the emergence of a new middle class that is characterized by:
Option 1: Traditional values and lifestyles
Option 2: High levels of agricultural involvement
Option 3: Consumerist lifestyles and increased purchasing power
Option 4: Strong ties to the rural economy
Question : The National Agricultural Cooperative Marketing Federation of India (NAFED) is involved in the marketing of:
Option 1: Agricultural machinery and equipment
Option 2: Fertilizers and pesticides
Option 3: Seeds and planting material
Option 4: Agricultural produce and commodities
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