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 : Which sector witnessed increased competition due to liberalization in India?

Option 1: Agriculture

Option 2: Education

Option 3: Health care

Option 4: Telecom and communication

Question : Which policy aimed to protect domestic industries from foreign competition in India?

Option 1: Import substitution

Option 2: Export promotion

Option 3: Public-private partnership

Option 4: Swadeshi movement

Question : What was the impact of the expansion of the state sector on private sector development during the initial Five-year Plans?

Option 1: It fostered healthy competition.

Option 2: It provided support through subsidies.

Option 3: It led to a crowding out of private investment.

Option 4: It encouraged joint ventures with foreign companies.

Question : How did the establishment of cantonments affect the local economies of colonial Indian cities?  

Option 1: It led to a decrease in agricultural productivity  

Option 2: It boosted local businesses and markets  
 

Option 3: It resulted in the decline of traditional crafts  

Option 4: It increased competition among local traders