Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

What was NOT the aim behind " Trade and Investment Policy Reforms" in the year 1991, when India was facing a huge economic crisis?

Options:

to increase international competitiveness of industrial production

to bring foreign investments and technology into the economy

to promote the efficiency of local industries

None of the above

Correct Answer:

None of the above

Explanation:

Trade and Investment Policy Reforms: Liberalisation of trade and investment regime was initiated to increase international competitiveness of industrial production and also foreign investments and technology into the economy. The aim was also to promote the efficiency of local industries and adoption of modern technologies.