Tag: indian economy during reforms

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Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

Encouragement of Foreign Direct Investment & removal of Quantitative Restrictions are both parts of ___________________.

  1. Industrial Reforms in India

  2. External Sector Reforms in India

  3. Land Reforms in India

  4. Banking Reforms in India
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

External sector reforms in India were aimed at integrating the Indian economy with the global market. This included liberalizing trade through the removal of quantitative restrictions and encouraging foreign investment.

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

Inspite of the Economic Reforms already carried out in India, there is a further need for ___________________.

  1. Better industrial deregulation

  2. Improvement in Fiscal Discipline

  3. Increase in growth of Infrastructure

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Economic reforms are continuous processes. In the Indian context, experts generally agree that further improvements are needed across fiscal discipline, infrastructure development, and industrial deregulation to sustain growth.

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

The Economic Reforms in India have failed to -

  1. Keep fiscal deficits to the targeted levels

  2. Fully implement industrial deregulation

  3. Fully open the economy to trade

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

While economic reforms have achieved significant growth, they have faced criticism for persistent fiscal deficits, incomplete implementation of certain industrial policies, and challenges in fully opening specific sectors to global trade.

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

Which one of the following statements about the National Agricultural Insurance Scheme (NAIS) is not correct ?

  1. It was introduced from Rabi 2000-2001 season

  2. It replaced the Comprehensive Crop Insurance scheme (CCIS) which was in operation since 1985

  3. It envisages coverage of all the food crops , oilseeds and annual commercial horticultural crops in respect of which past yield data is available for adequate number of years

  4. Among the commercial horticultural crops, eleven crops are correctly covered under the scheme
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The National Agriculture Insurance Scheme was introduced from Rabi-season 1999-2000.the new scheme is available to all the farmers-Loances and non-Loanee-irres-pective of their size of holdings.It envisages coverage of all the food crops ( cereals , millers, and pulses). Oilseeds and annual horticultural / commercial crops , in respect of which past yield data is available for adequate number of years among the annual commercial / horticulture crops, namely, sugarcane,potato, ginger, onion-turmeric, and chillies are covered.