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Question

Economic reform measures in India were formally introduced in ________.

The correct answer is

1991

Economic reforms in India were introduced in 1991 under the leadership of Prime Minister P. V. Narasimha Rao and Finance Minister Manmohan Singh, focusing on liberalization, privatization, and globalization.

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Important Questions from Business and Economy

  1. To which Japanese automobile company, India has become the top global market both in terms of volumes as well as revenues?

  2. Which among the following industries generates invisible exports?

  3. In Union Budget 2019, the government eased ______ to encourage start-ups in the country.

  4. With reference to the characteristics of a perfectly competitive market, which of the following statements is correct?

    ।. There are a large number of buyers and sellers in the market.

    II. Firms have free entry and exit in the market.

  5. Which of the following is an example of an indirect tax?

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