Q. Under the industrial policy of 1991, the number of industries reserved for the public sector have been reduced from 17 to
✅ Correct Answer: (A)
8
Indian and Global Economic Development MCQs and Notes
Q. LPG stands for
✅ Correct Answer: (A)
Liberalisation, Privatisation, Globalisation
Q. The economic reforms were intended to take the Indian economy into three specific directions which are
✅ Correct Answer: (A)
LPG
Q. Increase in aggregate output of goods and services
✅ Correct Answer: (C)
Economic growth
Q. In which among the following year was ‘liberalized industrial policy’ in India was announced for the first time?
✅ Correct Answer: (C)
1991
Q. Which of the following is also known as International Bank for Reconstruction and Development?
✅ Correct Answer: (D)
World Bank
Q. At present, in which sector 100 per cent FDI is allowed in India?
✅ Correct Answer: (B)
Drugs and pharmaceuticals
Q. At present there are only _________ industries for which licensing are compulsory.
✅ Correct Answer: (B)
3
Q. At present only __________ industries are reserved for the public sector.
✅ Correct Answer: (D)
3
Q. All of the following developments were noticed during 1991 (when economic reforms were enforced) except one. Identify it.
✅ Correct Answer: (C)
Foreign reserves were maintained at a very high level.