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  

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  

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 : Economic liberalization in India began in:  
 

Option 1: 1950s  
 

Option 2: 1960s  
 

Option 3: 1980s  

Option 4: 1991  

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