Question : The planned economy in India is based on which system?

Option 1: Capitalist system

Option 2: Traditional system

Option 3: Command system

Option 4: Socialist system

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 : Which policy aimed to replace import-oriented development with export-oriented growth in India?

Option 1:  Swadeshi movement

Option 2: Import substitution

Option 3: Export promotion

Option 4: Public-private partnership

Question : Statement 1: The 1991 economic policy in India aimed to liberalize the Indian economy.

Statement 2: Liberalization refers to the reduction of government restrictions on economic activities.

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 : 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