Question : Economic liberalization in India began in:
Option 1: 1950s
Option 2: 1960s
Option 3: 1980s
Option 4: 1991
Correct Answer: 1991
Solution : Economic liberalization in India began in 1991 with a series of reforms aimed at opening up the economy, reducing state control, and promoting private sector participation.
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Question : The 1991 economic liberalization in India included measures such as:
Option 1: Increasing subsidies for agriculture
Option 2: Strengthening labor laws
Option 3: Reducing barriers to foreign trade and investment
Option 4: Expanding the public sector
Question : The economic liberalization reforms of 1991 in India aimed to:
Option 1: Increase state control over the economy
Option 2: Promote self-sufficiency in food production
Option 3: Open the economy to foreign investment and trade
Option 4: Strengthen public sector enterprises
Question : Planned industrialization in India was primarily focused on:
Option 1: Privatization
Option 2: Liberalization
Option 3: Self-reliance
Option 4: Export promotion
Question : What period is considered the first phase of the Green Revolution in India?
Option 1: Mid-1960s to Mid-1970s
Option 2: Mid-1940s to Mid-1950s
Option 3: Mid-1950s to Mid-1960s
Option 4: Mid-1970s to Mid-1980s
Question : A consequence of economic liberalization in India was:
Option 1: Strengthening of labor unions
Option 2: Increased competition in domestic markets
Option 3: Expansion of the public sector
Option 4: Decrease in foreign direct investment
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