Question : What is the primary objective of liberalization, privatization, and globalization in India?
Option 1: Reducing poverty
Option 2: Promoting economic growth
Option 3: Increasing government control
Option 4: Enhancing social welfare
Correct Answer: Promoting economic growth
Solution : The correct answer is (b) Promoting economic growth
The LPG policy measures were implemented in India in the early 1990s with the aim of liberalizing the economy, reducing government control, encouraging private sector participation, and integrating the Indian economy with the global economy. These reforms were intended to stimulate economic growth, attract foreign investment, foster competition, and enhance overall economic efficiency.
However, it is important to note that the effects of LPG policies are complex and multifaceted, and their impact on poverty, social welfare, and other aspects of the economy can vary depending on various factors and implementation strategies.
College Comparison based on Courses, Placement, Rank, Fee
Question : What was the primary focus of the Green Revolution in India?
Option 1: Reducing carbon emissions
Option 2: Increasing food grain production
Option 3: Promoting organic farming
Option 4: Enhancing biodiversity
Question : How did the Green Revolution contribute to the rise of regional political parties in India?
Option 1: By promoting national integration
Option 2: By reducing economic disparities
Option 3: By increasing central government control
Option 4: By creating regional economic imbalances
Question : The demand for reservation by Backward Castes in India is primarily aimed at:
Option 1: Increasing foreign investment
Option 2: Promoting religious harmony
Option 3: Achieving social and economic equity
Option 4: Enhancing technological skills
Question : Which of the following is not a measure to reduce rural poverty in India?
Option 1: Increasing agricultural productivity
Option 2: Promoting non-farm employment opportunities
Option 3: Enhancing access to credit facilities for farmers
Option 4: Privatization of public sector enterprises
Question : What was the primary objective of the annual plans implemented during the suspension of the Five-year Plans in India?
Option 1: To focus on short-term economic stabilization
Option 2: To prioritize long-term industrial development
Option 3: To promote export-oriented growth
Option 4: To implement social welfare programs
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile