The Economic Reforms of India

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Which sector of the Indian economy did a major segment of the population continue to depend on for its livelihood even after achieving self-sufficiency in food grain production?

Manufacturing sector

Agricultural sector (correct)

Mining sector

Service sector

What led to the introduction of economic reforms in India in 1991?

Technological advancements

Political instability

Rapid industrialization

Balance of payments crisis (correct)

What is the main focus of this unit on economic reforms in India?

The role of privatization

The background of reform policies (correct)

The process of globalization

The impact of reforms on agriculture

What will learners comprehend after studying this chapter on economic reforms in India?

The impact of reforms on various sectors Signup and view all the answers

What is the general consensus regarding economic development in the world today?

Economic development is not solely measured by GDP Signup and view all the answers

India has been able to achieve a strong industrial base and became self-sufficient in the production of ______.

food grains Signup and view all the answers

In 1991, a crisis in the balance of payments led to the introduction of economic ______ in the country.

reforms Signup and view all the answers

This unit is an appraisal of the reform process and its implications for ______.

India Signup and view all the answers

After studying this chapter, the learners will understand the background of the reform policies introduced in India in ______.

1991 Signup and view all the answers

There is a consensus in the world today that economic development is not all and the ______.

GDP Signup and view all the answers

Match the following terms with their meanings:

Economic Reforms = Policies introduced to improve the economic condition of a country Liberalisation = Relaxation of previous government restrictions usually in areas of social and economic policies Privatisation = Transfer of ownership, property or business from the government to the private sector Globalisation = Process of interaction and integration among people, companies, and governments worldwide Signup and view all the answers

Match the following years with the events they are associated with:

2022-23 = Year mentioned in the economic reform document 1991 = Year of introduction of economic reforms in India After forty years of planned development = Period when India achieved a strong industrial base and became self-sufficient in food grain production Signup and view all the answers

Match the following sectors with their characteristics:

Industrial sector = India achieved a strong base in this after forty years of planned development Agriculture = A major segment of the Indian population depends on this for livelihood Economic = Sector impacted by the reform policies introduced in India in 1991 Signup and view all the answers

Match the following terms with their definitions:

GDP = A measure of economic activity within a country Reform process = Series of actions taken to improve a system Economic development = Improvement in the economic wellbeing of a country Signup and view all the answers

Match the following objectives with their corresponding study topics:

Understanding the background of the reform policies introduced in India in 1991 = Objective of studying the chapter on economic reforms Comprehending the process of globalisation and its implications for India = Objective of studying the chapter on liberalisation, privatisation, and globalisation Being aware of the impact of the reform process in various sectors = Objective of studying the chapter on India's economic reforms since 1991 Signup and view all the answers

True or false: India achieved self-sufficiency in food grain production after forty years of planned development?

True Signup and view all the answers

True or false: Economic reforms were introduced in India in 1991 due to a crisis in the balance of payments?

True Signup and view all the answers

True or false: This unit on economic reforms is an appraisal of the reform process and its implications for India?

True Signup and view all the answers

True or false: Globalization has no implications for India?

False Signup and view all the answers

True or false: There is a consensus in the world today that economic development is the sole focus and measure of progress?

False Signup and view all the answers

The Economic Reforms of India

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Questions and Answers

Which sector of the Indian economy did a major segment of the population continue to depend on for its livelihood even after achieving self-sufficiency in food grain production?

What led to the introduction of economic reforms in India in 1991?

What is the main focus of this unit on economic reforms in India?

What will learners comprehend after studying this chapter on economic reforms in India?

What is the general consensus regarding economic development in the world today?

India has been able to achieve a strong industrial base and became self-sufficient in the production of ______.

In 1991, a crisis in the balance of payments led to the introduction of economic ______ in the country.

This unit is an appraisal of the reform process and its implications for ______.

After studying this chapter, the learners will understand the background of the reform policies introduced in India in ______.

There is a consensus in the world today that economic development is not all and the ______.

Match the following terms with their meanings:

Match the following years with the events they are associated with:

Match the following sectors with their characteristics:

Match the following terms with their definitions:

Match the following objectives with their corresponding study topics:

True or false: India achieved self-sufficiency in food grain production after forty years of planned development?

True or false: Economic reforms were introduced in India in 1991 due to a crisis in the balance of payments?

True or false: This unit on economic reforms is an appraisal of the reform process and its implications for India?

True or false: Globalization has no implications for India?

True or false: There is a consensus in the world today that economic development is the sole focus and measure of progress?

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