Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Which of the following can be considered as negative impact of the LPG policies?

Options:

Increase in the productivity of service sector

Decline in the productivity of agricultural sector

Change in the GDP growth rate

Ample opportunities in front of consumers

Correct Answer:

Decline in the productivity of agricultural sector

Explanation:

1991 reforms, also called as LPG reforms are considered as the life savior reforms for India had some negative impacts too. To much focus was done on the industrial and service sector that agriculture sector faced decline in the level of productivity. No special reforms were made in this sector due to which no enhancement in the productivity could be seen.