LPG Reforms / New Economic Policy, 1991

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Kerala High Court Assistant preparation mock test.

This Kerala High Court Assistant Economics / LPG Reforms mock test contains 36 multiple-choice questions. It uses +1 for a correct answer, −0.25 for a wrong answer and 0 for an unanswered question. This is a 15-minute timed topic test. Answer explanations are shown after submission when enabled for the test.

What this mock test covers

General Knowledge · Economics / LPG Reforms

Practice questions

View the 36 question topics covered in this test
  1. The New Economic Policy (NEP), 1991, was introduced on which date?
  2. Who was the Prime Minister when the LPG reforms were introduced in 1991?
  3. Who was the Finance Minister associated with the introduction of the 1991 LPG reforms?
  4. According to the notes, India had foreign exchange reserves sufficient for approximately how long of imports during the 1991 crisis?
  5. India's fiscal deficit had crossed nearly what percentage of GDP before the reforms?
  6. Which event worsened India's economic situation in 1990–91 by increasing crude oil prices?
  7. Approximately how much gold did India pledge to obtain emergency foreign exchange loans?
  8. Which of the following was one of the institutions to which India pledged gold?
  9. What does the 'L' in LPG stand for?
  10. What was a major objective of liberalisation according to the notes?
  11. After the 1991 reforms, industrial licensing was:
  12. The MRTP Act mentioned in the notes was enacted in which year?
  13. SEBI was given statutory powers in:
  14. Which of the following is a trade liberalisation measure mentioned in the notes?
  15. The rupee was devalued in:
  16. Privatisation, as described in the notes, mainly involves:
  17. Which of the following was listed as an example of strategic sale?
  18. Under Public-Private Partnership (PPP), government and private firms jointly developed which of the following?
  19. Globalisation means:
  20. India became a founding member of the World Trade Organization in:
  21. Current Account Convertibility was introduced in:
  22. India has not adopted full:
  23. The Narasimham Committee I (1991) recommended which of the following?
  24. The Narasimham Committee II was constituted in:
  25. FEMA replaced FERA in:
  26. The Competition Act mentioned in the notes was enacted in:
  27. The Competition Commission of India (CCI) became operational in:
  28. Which reform was introduced in 2017 according to the notes?
  29. Which of the following is listed as a positive impact of LPG reforms?
  30. Which sector emerged as a major export earner after the reforms?
  31. Which is listed as a negative impact of the LPG reforms?
  32. According to the notes, which regions benefited more from the reforms?
  33. Which committee is associated with tax reforms?
  34. Which committee is associated with capital account convertibility?
  35. The Vijay Kelkar Committee is associated with:
  36. Which of the following correctly matches the year and event?
Topic Test · General Knowledge

LPG Reforms / New Economic Policy, 1991

Kerala High Court Assistant preparation mock test.

36 Questions+1 Correct−0.25 Wrong0 Unanswered

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