Question : What was a key economic reform introduced in the 1990s that was influenced by the rise of new economic interests during the era of planned development?
Option 1: Nationalization of banks
Option 2: Liberalization of trade policies
Option 3: Introduction of Goods and Services Tax (GST)
Option 4: Abolition of industrial licensing
Correct Answer: Abolition of industrial licensing
Solution : A key economic reform introduced in the 1990s, influenced by the rise of new economic interests during the era of planned development, was the abolition of industrial licensing, which aimed to reduce government control and promote private investment.
Question : What was one of the reasons for the participatory upsurge in the 1990s in India?
Option 1: Economic liberalization policies
Option 2: The rise of television and media
Option 3: The end of the Cold War
Option 4: The decline of regional parties
Question : What was a significant outcome of the rise of new economic interests during the era of planned development in India?
Option 1: Decrease in agricultural productivity
Option 2: Emergence of a mixed economy
Option 3: Reduction in government intervention
Option 4: Increase in unemployment rates
Question : Which policy change in the 1990 s contributed to the rise of regional parties in India?
Option 1: Economic liberalization
Option 2: Decentralization of governance
Option 3: Reservation policies
Option 4: Foreign policy shifts
Question : How did the rise of new economic interests during the era of planned development impact India's fiscal policy?
Option 1: It led to a reduction in government spending.
Option 2: It prompted a shift towards indirect taxation.
Option 3: It resulted in increased borrowing from international institutions.
Option 4: It encouraged the implementation of progressive taxation.
Question : What is a good indicator to identify the effect of policies on the industrial sector?
Option 1: Rise in capital formation.
Option 2: Rise in the share of the Industry sector in the GDP.
Option 3: Rise in banking services.
Option 4: Rise in imports.
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