Question : The 1991 economic policy aimed to promote entrepreneurship and innovation through:

Option 1: Licensing and regulations

Option 2: Subsidies and tax incentives

Option 3: Import restrictions

Option 4: Monopoly control

Question : Which reform aimed to encourage foreign trade and reduce import restrictions in the 1991 economic policy?

Option 1: Import substitution

Option 2: Export promotion

Option 3: Bilateral trade agreements

Option 4: Trade liberalization

Question : The 1991 economic policy aimed to promote:

Option 1: Import substitution

Option 2: Export promotion

Option 3: Central planning

Option 4: Trade restrictions

Question : The 1991 economic policy in India aimed to address:

Option 1: Increasing government control in the economy

Option 2: High inflation and fiscal deficit

Option 3: Excessive privatization of public enterprises

Option 4: Declining foreign direct investment (FDI)

Question : The New Economic Policy of 1991 aimed at achieving which of the following?

Option 1: Faster economic growth

Option 2: Reduction in poverty

Option 3: Attracting foreign investment

Option 4: All of the above