Question : Which international event acted as a catalyst for economic reforms in India?
Option 1: Global financial crisis
Option 2: Cold War
Option 3: Indian independence movement
Option 4: Collapse of the Soviet Union
Correct Answer: Collapse of the Soviet Union
Solution : The correct answer is (d) Collapse of the Soviet Union
The collapse of the Soviet Union in 1991 acted as a catalyst for economic reforms in India. The Soviet Union had been a significant economic and political ally of India, and its collapse had far-reaching implications globally.
The collapse of the Soviet Union had a profound impact on India's perception of state-controlled and centralized economic systems. It served as a wake-up call, prompting the Indian government to acknowledge the limitations of its existing economic policies and embrace market-oriented reforms.
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Question : The Treaty of Peace, Friendship, and Cooperation between India and the Soviet Union in 1971 was significant because it:
Option 1: Ended the Cold War
Option 2: Marked India's entry into the Warsaw Pact
Option 3: Strengthened India's position in the Non-Aligned Movement
Option 4: Solidified Indo-Soviet relations during the Cold War
Question : What was a major criticism of Nehru's Non-Aligned Movement (NAM) policy during the Cold War era?
Option 1: It isolated India internationally
Option 2: It led to excessive military spending
Option 3: It was perceived as being too aligned with the Soviet Union
Option 4: It ignored economic development
Question : During the Cold War, India adopted a foreign policy of:
Option 1: Alignment with the Soviet Union
Option 2: Non-alignment
Option 3: Alignment with the United States
Option 4: Isolationism
Question : The linguistic reorganization of states in India was influenced by which historical event?
Option 1: Independence of India
Option 2: The Purna Swaraj Declaration
Option 3: The Quit India Movement
Option 4: The Indian National Congress's Nagpur Session
Question : Which international financial institution provided financial assistance to India during the 1991 crisis?
Option 1: World Bank
Option 2: International Monetary Fund (IMF)
Option 3: Asian Development Bank (ADB)
Option 4: New Development Bank (NDB)
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