Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Which of the following statement (s) is/are correct?

Statement 1: Reforms in post 1991 era have not been able to benefit agriculture.

Statement 2: The growth rate in agriculture has been increasing at a minimal rate in post 1991 reform period.

Options:

Only Statement 1 is correct.

Only Statement 2 is correct.

Both statements are correct

None of the given statement is correct.

Correct Answer:

Only Statement 1 is correct.

Explanation:

Reforms in post 1991 era have not been able to benefit agriculture, where the growth rate has been decelerating.

The growth of GDP increased from 5.6 per cent during 1980–91 to 8.2 per cent during 2007–12. During the reform period, the growth of agriculture has declined.