Indian Economic Reforms 1991

Who was the Finance Minister of India during the initiation of the economic reforms in 1991?

What was the main reason behind the economic reforms of 1991 in India?

Which international organization provided financial assistance to India during its economic crisis in 1991?

What were the two main categories of reform measures introduced as part of the New Economic Policy (NEP)?

What was one of the key objectives of liberalization in India's economic reforms?

Which institution regulates the financial sector in India?

What was one of the main objectives of tax reforms in India post-1991?

What was the primary condition placed by international agencies, like the World Bank and IMF, for granting financial assistance to India during its economic crisis?

What was one of the main objectives of deregulation in the industrial sector during India's economic reforms?

What type of taxes were reduced as part of tax reforms post-1991 in India?

What was the aim of trade and investment policy reforms during India's economic liberalization?

How did the Indian government aim to improve the efficiency of public enterprises during the reforms?

Which of the following statements is correct regarding the 1991 Economic Reforms?

1. Financial Sector Reforms policies led to the establishment of Indian and foreign private-sector banks.

2. The limit of foreign investment in banks was increased to about 25%.

Select the correct:

Which of the following statements is correct regarding the 1991 Economic Reforms?

1. The World Bank and the International Monetary Fund (IMF) helped during the crisis in India.

2. To deal with the crisis, India was granted a $7 billion loan.

Select the correct:

Which of the following statements is correct regarding the objectives of trade policy reforms during the economic reforms of 1991?

1. Eliminating quantitative restrictions on imports and exports

2. Reduction in tariff rates

3. Removal of licensing procedures for imports

4. Decline the adoption of modern technologies

Select the correct: