Question : The 1991 economic policy in India aimed to shift from a __________ economy to a market-oriented economy.

Option 1: Socialist

Option 2: Capitalist

Option 3: Mixed

Option 4: Command

Question : It is defined as making major economic decisions by the conscious decision of a determinate authority, on the basis of a comprehensive survey of the economy as a whole.
 

Option 1: Economic planning
 

Option 2: Mixed economy
 

Option 3: Socialist economy
 

Option 4: Capitalist economy
 

Question : When means of production are owned, controlled and operated by government sector.
 

Option 1: Capitalist economy
 

Option 2: Socialist economy
 

Option 3: Mixed economy
 

Option 4: All of the above.
 

Question : When means of production are owned, controlled and operated by Private sector.
 

Option 1: Capitalist economy
 

Option 2: Socialist economy
 

Option 3: Mixed economy
 

Option 4: All of the above.
 

Question : The 1991 economic policy aimed to promote economic growth and development through:

Option 1: Centralized planning

Option 2: Isolationism

Option 3: Self-sufficiency

Option 4: Market-oriented reforms