Question : The 1991 economic policy aimed to reduce the fiscal deficit and promote fiscal discipline through:

Option 1: Increased government spending

Option 2: Higher taxes on individuals

Option 3: Public debt management

Option 4: Fiscal consolidation measures

Question : The government's budget deficit can be financed through ____________.

Option 1: External grants

Option 2: Fiscal discipline 

Option 3: Monetary policy

Option 4: Domestic borrowing

Question : The 1991 economic policy in India aimed to address:

Option 1: Increasing government control in the economy

Option 2: High inflation and fiscal deficit

Option 3: Excessive privatization of public enterprises

Option 4: Declining foreign direct investment (FDI)

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

Question : The 1991 economic policy aimed to promote the development of which type of industries?

Option 1: Small-scale industries

Option 2: Cottage industries

Option 3: Heavy industries

Option 4: Public sector industries