Economic Reforms Since 1991
This worksheet assesses understanding of the liberalisation, privatisation, and globalisation policies introduced in India since 1991. Total: 40 marks.
Section A: One Word Answers [20 Marks]
Answer the following questions in one word or a short phrase.
In 1991, India's foreign exchange reserves were not sufficient to finance imports for even a...
What is the popular name for the International Bank for Reconstruction and Development (IBRD)?
What is the acronym for the New Economic Policy announced by India in 1991?
What is the term for the short-term measures intended to correct the balance of payments and control inflation?
What is the term for the long-term measures aimed at improving the efficiency of the economy?
Section B: True or False [20 Marks]
State whether the following statements are True or False, and briefly explain why.