Question : Which committee recommended the liberalization of India's industrial policies in 1991?
Option 1: Narasimham Committee
Option 2: Rangarajan Committee
Option 3: Goswami Committee
Option 4: Abid Hussain Committee
Correct Answer: Narasimham Committee
Solution : The correct answer is (a) Narasimham Committee.
The Narasimham Committee was appointed by the Government of India in August 1991 to recommend changes to the financial system. The committee's report, which was submitted in November 1991, recommended a number of reforms, including the liberalization of industrial policies. These reforms were implemented in the New Industrial Policy of 1991.
Question : Statement 1: The New Economic Policy of 1991 aimed at liberalizing India's industrial policies.
Statement 2: The New Economic Policy encouraged foreign investment and globalization.
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 : India's environmental policies often emphasize:
Option 1: The deregulation of environmental protections
Option 2: The integration of environmental sustainability with development
Option 3: The prioritization of industrial growth over ecological balance
Option 4: The rejection of international environmental conventions
Question : India's environmental policies are primarily focused on:
Option 1: Promoting industrialization at the expense of the environment
Option 2: Balancing economic development with environmental conservation
Option 3: Completely banning all forms of industrial activities
Option 4: Ignoring international environmental agreements
Question : How did the rise of new economic interests during the era of planned development impact India's trade policies?
Option 1: It led to increased protectionism.
Option 2: It promoted liberalization of trade.
Option 3: It resulted in a focus on import substitution.
Option 4: It encouraged bilateral trade agreements.
Question : What was one effect of the East India Company's revenue policies on the rural economy?
Option 1: Diversification of crops
Option 2: Stabilization of land prices
Option 3: Decrease in agricultural loans
Option 4: Consolidation of landholdings
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