Lpg Reforms Of 1991
3 previous year questions.
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Chapter Questions 3 MCQs
China underwent substantial policy changes to stimulate their economy. China's economic growth was rapid in the late 1970s across various sectors. However, India had to wait much longer for its economic transformation. India's significant economic progress was only realised after the economic reforms of 1991, which were implemented out of compulsion.
On the basis of given text and common understanding, compare the impact of subsequent reforms initiated by China and India.
βThe disinvestment policy of India under the 1991 reforms involved selling of part of the governmentβs stakes in Public Sector Undertakings (PSUs).β
Explain the rationale behind the decision undertaken by the government.
Assertion (A) : Under the financial sector reforms introduced in 1991, foreign investment limit in banks was raised up to around 74%.
Reason (R) : Foreign Institutional Investors (FIIs) were allowed to invest in Indian financial markets, post-1991.
About Lpg Reforms Of 1991 - CBSE-CLASS-XII
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