CBSE Class 11 Economics Topic Economic Reforms Since 1991 Worksheet

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Worksheet for Class 11 Economics Topic Economic Reforms Since 1991

Class 11 Economics students should refer to the following printable worksheet in Pdf for Topic Economic Reforms Since 1991 in Class 11. This test paper with questions and answers for Class 11 will be very useful for exams and help you to score good marks

Class 11 Economics Worksheet for Topic Economic Reforms Since 1991


Question. Import Licensing was abolished except in case of :
a) Hazardous items

b) Environmentally sensitive industries
c) both (a) and (b)
d) none
Answer : C

Question. GST was not introduced for the following purpose
a) Generate additional revenue for the government,
b) Reduce tax evasion
c) To increase direct taxes
d) Create ‘one nation, one tax and one market
Answer : C

Question. Which of the following is not a feature of Privatisation:
a) Contraction of public sector
b) Policy of disinvestment
c) policy of memorandum of understanding
d) Tax rates have been reduced
Answer : D

 

Question. Liberalisation implies:
(a) greater role of public sector
(b) reduction in governments control over the private sector
(c) free economy with no controls
(d) none of these
Answer : B

Question. Which of the following is an example of indirect tax?
(a) Income tax
(b) Wealth tax
(c) Goods and services tax
(d) None of these
Answer : C

Question. Which of the following is not an element of fiscal reforms?
(a) Taxation reforms
(b) Public expenditure reforms
(c) Change in interest rate
(d) Control on public debt
Answer : C

Question. Which of the following is an element of financial sector of the economy?
(a) Banking and non-banking financial institutions
(b) Stock exchange market
(c) Foreign exchange market
(d) All of these
Answer : D

Question. Industrial sector reforms under the New Economic Policy (NEP) comprised which of the following?
(a) Abolition of industrial licencing
(b) De-reservation of production areas
(c) Contraction of public sector
(d) All of these
Answer : D

Question. Which of the following is the strategy to promote globalisation of the India economy?
(a) Partially convertibility
(b) Reduction in tariffs
(c) Increase in equity limit of foreign investment
(d) All of these
Answer : D

Question. Liberalisation of the economy under the new economic policy changed the role of RBI in the economy:
(a) from a 'regulator' to 'facilitator' of the financial sector
(b) from a 'controller' to 'manager' of the government debt
(c) both (a) and (b)
(d) none of these
Answer : A

Question. External sector reforms under NEP included:
(a) foreign exchange reforms
(b) foreign trade pol icy reforms
(c) both (a) and (b)
(d) none of these
Answer : C

Question. Economic reforms in India were initiated in the year:
(a) 1990
(b) 1991
(c) 1992
(d) 1993
Answer : B

Question. Which of the following are the components of globalisation under the new economic policy?
(a) Partial convertibility of the Indian rupee
(b) Increase in equity limit of foreign investment
(c) Reduction in tariffs
(d) All of these
Answer : D

Question. Which of the following is not a component of privatisation?
(a) Contraction of public sector
(b) Disinvestment in public sector enterprises
(c) Sale of public sector's share
(d) Purchase of industrial shares by the government
Answer : D

Question. The parameters of economic reforms undertaken in an economy are:
(a) macroeconomic stabilisation
(b) macroeconomic structural adjustments
(c) both (a) and (b)
(d) none of these
Answer : C

Question. The programme of economic reforms in India was started on ………………… .
(a) 26 th July 1990
(b) 23th July 1992
(c) 21th July 1991
(d) 24th July 1991
Answer : D

Question. Licensing (as in case of liquor) is necessary for the ………………………… .
(a) regulation of business
(b) regulation of the industry
(c) regulation of taxes
(d) none of these
Answer : B

Question. In the context of Indian experience, controls were imposed by the government with a view to:
(a) checking the growth of private monopolies
(b) minimising the hold of large industrial houses on the financial resources of the country
(c) both (a) and (b)
(d) none of these
Answer : C

Question. Which of the following is not a component of fiscal reforms?
a) Taxation reforms
b) Public expenditure reforms
c) Change in interest rate
d) Control of public debt
Answer : C

Question. IMF stands for:
a) International Monetary Foundation
b) Internal Monetary Fund
c) International Monetary Fund
d) International Money Foundation
Answer : C

Question. ___________refers to relaxation of Government restrictions.
a) Privatisation
b) Globalisation
c) Disinvestment
d) Liberlisation
Answer : D

Question. Which of the following industries are reserved for the public sector?
a) Cement
b) Defense equipment
c) Atomic energy generation
d) both (b) and (c)
Answer : C

Question. Financial sector reforms does not include
a) Foreign investment limit in banks was raised to around 50 per cent
b) Foreign Institutional Investors (FII), allowed to invest in Indian financial markets
c) Reduce the role of RBI from regulator to facilitator
d) Removal of licensing procedures for imports
Answer : D

Question. Which of the organization replaced General Agreement on Trade and Tariff
b) International Monetary Fund
c) United Nations Organization
d) World Trade Organization
e) World Health Organization
Answer. C

Question. When was the New Economic Policy announced?
a) June 1991
b) July 1991
c) May 1991
d) None of these
Answer. B

Question. ----- refers to disposal of equity of public sector units in the market
a) Globalization
b) Privatization
c) Liberalization
d) Disinvestment
Answer. D

Question. Which of the following is not a policy initiated under New Economic Policy?
a) Liberalization
b) Privatization
c) Globalization
d) Licensing
Answer. D

Question. Quantitative restrictions on imports of manufactured consumer goods and agricultural products were also fully removed from
a) 1980
b) 1991
c) 2001
d) 1995
Answer. C

Question. On which date did PM Narendra Modi address the Indian people announcing the demonetization of RS 5OO AND RS 1000
a) 8 Oct 2017
b) 8 Nov 2016
c) 8 Nov 2017
d) 8 Oct 2016
Answer. B

Question. The highest GST rate applicable now is
a) 28%
b) 12%
c) 18%
d) None of these
Answer. A

Question. GST was introduced in India with effect from
a) 1/7/2017
b) 1/7/2016
c) 1/7/2018
d) 1/7/2019
Answer. A

Question. What is the other name of World Bank?
a) World Health Organization
b) World Trade Organization
c) International Monetary Fund
d) International Bank for Reconstruction and Development
Answer. D

Question. At present how many industries are exclusively reserved for the public sector in India?
a) 2
b) 3
c) 4
d) 5
Answer. B

Question. When was WTO founded?
a) 1948
b) 1951
c) 1991
d) 1995
Answer. D

Question. Which Act has been enacted in place of MRTP Act ?
a) Competition Act
b) Monopoly Act
c) Licensing Act
d) Foreign Exchange Act
Answer. A

Question. At present how many member countries WTO has?
a) 150
b) 164
c) 159
d) 190
Answer. B

Question. ---refers to the transfer of assets or services function from public to private ownership?
a) Globalization
b) Privatization
c) Disinvestment
d) Liberalization
Answer. B

Question. Outsourcing is good for India because
a) It provides employment to large number of unemployed
b) It provides excellence in a particular field
c) Both a and b
d) Neither a nor b
Answer. C

Question. It refers to contracting out some of its activities to a third party which were earlier performed by the organization
a) Globalization
b) Outsourcing
c) Privatization
d) Liberalization
Answer. B

Question. Trade between two countries is known as
a) Bilateral Trade
b) Multi lateral Trade
c) Both a and b
d) Neither a nor b
Answer. A

Question. GATT was established in the year:
a) 1958
b) 1948
c) 1968
d) 1995
Answer. B

Question. Financial sector reforms mainly relate to :
a) Banking sector
b) Foreign Exchange Market
c) Both a and b
d) Insurance sector
Answer. C

Question. Reforms have not been able to benefit agriculture because of
a) Public investment in agriculture sector especially in infrastructure has fallen
b) Rise in subsidy
c) Rise in import duties on agriculture products
d) Shift from production of cash crops to food crops
Answer. A

 

CASE STUDY BASED QUESTIONS

I. Read the following article and Answer the question given below:

We now look at some trends in the post-reform period. Data from Sri Lanka which started on a programme of economic reform in 1977 indicates that an increasing awareness on health issues is coupled with the growing incidence of diseases associated with stress, particularly those of the cardio-respiratory kind (Gunawardena 1995). A similar pattern is emerging in India with the advent of tropical diseases like falciparum malaria and Japanese B encephalitis, stress-and environment related cardiovascular complaints, respiratory and endemic intestinal problems as well as nervous disorders (Ghosh 1996). It is likely that with continued rural-urban migration, the mushrooming of unhealthy towns and cities and the degradation of the natural environment combined with jobs which increasingly concentrate workers in industries, Export Promotion Zones (EPZ)and sweat shops, the range of diseases and illnesses will increase. Women and their health will be adversely affected as they form the basis of the pool of cheap labour, essential for the growth of EPZs.

Question. Sri Lanka which started on a programme of economic reform in…………. (Choose the correct option)
A. 1978
B. 1977
C. 1990
D. 1992
Answer: B

Question. A similar pattern is emerging in India with the growing incidence of diseases with stress, particularly those of the ………………………… kind. (Choose the correct option) (cardio respiratory/ heart diseases)
Answer: cardio-respiratory

Question. State whether the given statement is true or false
It is likely that with continued rural-urban migration, the mushrooming of unhealthy towns and cities and the degradation of the natural environment combined with jobs which increasingly concentrate workers in industries. (Choose the correct option)
True / False
Answer: True

Question. Read the following statements: Assertion (A) and Reason (R) Assertion (A) Women and their health will be adversely affected
Reason (R): As they form the basis of the pool of cheap labour, essential for the growth of Export Promotion Zones.
A. Both Assertion (A) and Reason(R) are true and Reason (R) is the correct explanation of Assertion (A).
B. Both Assertion (A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion (A).
C. Assertion (A) is true but Reason (R) is false.
D. Assertion (A) is false but Reason(R) are is true.
Answer: A


II. Read the following graph and Answer: the question given below:
Class 11 Economics Topic Economic Reforms Since 1991

Question. What do you observe from the above graph?
A. Contribution of agriculture constantly decreased, service sector increased whereas industrial sector initially increased and later decreased
B. Industrial sector constantly increased, services remain the same and tertiary increased
C. No change in agriculture, industry and service sector increased
D. Agriculture decreased, service remains the same and industrial increased.
Answer: A

Question. What can be the probable reason of decline of agriculture sector?
A. Migration of work force from agriculture to Industrial and service sector
B. Migration of work force from service sector to Industrial and agriculture sector
C. Both (a) and (b)
D. None of these
Answer: A

Question. What was the reason behind the instant development of service sector after 1991?
A. globalization
B. Privatization
C. Liberalization
D. All of the above
Answer: D

Question. what was the share of three sectors in 2013-14?
A. Agriculture 18%, industry 24% and service 52%
B. Agriculture 24%, industry 18% and service 52%
C. Agriculture 52%, industry 24% and service 18%
D. Agriculture 24%, industry 52% and service 18%
Answer: A

III. Read the following passage and Answer the questions given below:

New Economic Policy of India was launched in the year 1991 under the leadership of P. V. Narasimha Rao. This policy opened the door of the India Economy for the global exposure for the first time. In this New Economic Policy P. V. Narasimha Rao government reduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export. This is also known as the LPG Model of growth. New Economic Policy refers to economic liberalization or relaxation in the import tariffs, deregulation of markets or opening the markets for private and foreign players, and reduction of taxes to expand the economic wings of the country. Former Prime Minister Manmohan Singh is considered to be the father of New Economic Policy (NEP) of India. Manmohan Singh introduced the NEP on July 24,1991.
Main Objectives of New Economic Policy – 1991, July 24 The main objectives behind the launching of the New Economic policy (NEP) in 1991 by the union Finance Minister Dr. Manmohan Singh are stated as follows:
The main objective was to plunge Indian Economy in to the arena of ‘Globalization and to give it a new thrust on market orientation.
The NEP intended to bring down the rate of inflation

Question. New Economic Policy of India was launched in the year 1991 under the leadership of ……………… (choose the correct alternative))
A. P. V. Narasimha Rao
B. Atal Bihari Bajpayi
C. Sharad Pawar
D. None of these
Answer: A

Question. ……………………………. is also known as the LPG Model of growth. ((choose the correct alternative)) (New Economic Policy / New Education Policy)
Answer: New Economic Policy

3. State whether the given statement is true or false:
Former Prime Minister Manmohan Singh is considered to be the father of New Economic Policy (NEP) of India. ((choose the correct alternative))
True / False
Answer: True

Question. Read the following statements
Assertion (A). New Economic Policy is to expand the economic wings of the country.
Reason (R): Due to economic liberalization or relaxation in the import tariffs, deregulation of markets or opening the markets for private and foreign players, and reduction of taxes
A. Both Assertion (A) and Reason(R) are true and Reason (R) is the correct explanation of Assertion (A).
B. Both Assertion (A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion (A).
C. Assertion (A) is true but Reason (R) is false.
D. Assertion (A) is false but Reason(R) are is true.
Answer: A


IV. Read the following passage and answer the questions given below:

The growth rate of agriculture production which was only3% in 1990-91, rose to 9.3% in 1996-97, during the eight plan the agriculture production increased by 7.5%. No doubt there has been ups and downs. The reforms have not been able to benefit agriculture, where growth rate has been decelerating. Despite mounting stock of food grains there are more than 250 million people below poverty line. There has been appreciable rise in the price of food grains due to curtailing food grain subsidy and increasing the prices at which food grains were supplied to ration shops. Purchasing power. There are poor transportation facilities. Investment in agriculture research and irrigation has been reduced. Shift to the production of cash crops for export has further worsened the position.

Question. What was the growth rate of as agriculture production in 1990-91?
A. 1%
B. 2%
C. 3%
D. 5%
Answer: C

Question. During the _______plan period the agriculture production increased by 7.5 %. (fill in the blanks)
A. Seventh
B. Eight
C. Ninth
D. Tenth
Answer: B

Question. Which of the following statement is not correct with regard to the given passage?
A. The economic reforms have not been able to benefit agriculture
B. There are more than 250 million people below the poverty line
C. Shift to the production of cash crops for exports further improved the position.
D. None of these
Answer: C

Question. What is the reason for the price rise of food grains in India?
A. Curtailing food grain subsidy
B. Increasing the prices at which food grains were supplied to shops.
C. Both a and b
D. None of the above
Answer: C

V. Read the following hypothetical text and answer the given questions:

The performance of Indian economy during the period of first seven five -year plans (1950-1990) was satisfactory if not very impressive. On the eve of independence, India was an industrially backward country, but during this period of first seven plans our industries became far more diversified, with the stress being laid on the public investments in the industrial sector. The policy of import substitution led to protection of the domestic industries against the foreign producers but we failed to promote a strong export surplus. Although public sector expanded to a large extent but it could not bring desired level of improvement in the secondary sector. Excessive government regulations prevented the natural trajectory of growth of entrepreneurship as there was no competition, no innovation and no modernization on the front of the industrial sector. Many Public Sector Undertakings (PSU’s) incurred huge losses due to operational inefficiencies, red- tapism,
poor technology and other similar reasons. These PSU’s continued to function because it was difficult to close a government undertaking even it is a drain on country’s limited resources. On the Agricultural front, due to the measures taken under the Green Revolution, India more or less became self-sufficient in the production of food grains. So the needs for reform of economic policy was widely felt in the context of changing global economic scenario to achieve desired growth in the country.

Question. Which of the following was not a reason for the public sector to play a major role in the initial phase of Indian Economic Planning?
(a) Private entrepreneurs lacked sufficient capital for investment.
(b) Government aimed at social welfare.
(c) The market was big enough to encourage private industrialists for investment.
(d) The government wanted to protect the indigenous producers from the foreign competition.
Answer: C

Question. The policy of .......................... led to protection of the domestic industries against the foreign producers but we failed topromote a strong export surplus. ( fill up the blank with the correct alternative)
(a) Import substitution
(b) Trade
(c) Exports
(d) None of these
Answer: A

Question. Read the following statements –
Assertion (A) and Reason ( R)
Assertion (A): Many public sector undertakings incurred huge losses due to operational inefficiencies.
Reason (R): Red-tapism was one of the reasons for continuation of such enterprises.Select the correct alternative from the following:
Alternatives:
a. Both Assertion (A) and Reason(R) are true and Reason (R) is the correct explanation of Assertion (A).
b. Both Assertion (A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion (A).
c. Assertion (A) is true but Reason (R) is True.
d. Assertion (A) is false but Reason(R) are is true.
Answer: C

Question. State whether the given statement is true or false:
Mechanization of the Indian agriculture was one of the cause of Green Revolution in India.
TRUE/FALSE
Answer: TRUE


3/4 MARKS QUESTIONS

Question. Do you think outsourcing is good for India? Why are developing countries opposing it?
Answer: Yes, outsourcing is good for India. The following points justify this:
(i) Employment: It provides employment to a large number of unemployed Indians.
(ii) Exchange of technical know-how: Outsourcing enables the exchange of ideas and technical know-how of sophisticated and advanced technology.
(iii) International worthiness: Outsourcing also enhances India's international worthiness credibility.
(iv) Better standard of living and eradication of poverty: By creating more and higher paying jobs, outsourcing improves the standard and quality of living of the people.
However, developed countries oppose outsourcing to India because of the following reasons.
(i) Outsourcing leads to outflow of funds from the developed countries to India, which reduces the income disparities between two countries.
(ii) Outsourcing reduces the employment generation and creates job insecurity in the developed countries.

Question. What are the major factors responsible for high growth of the service sector during reform period?
Answer: The service sector has shown a high growth rate due the following reasons:
(i) Economic Reforms; Liberalization and various economic reforms initiated in 1991 reduced the various restrictions on the movement of international finance. This led to huge inflow of foreign capital, Foreign Direct Investment and outsourcing to India.
(ii) Better performance of some service sectors: There were rapid growth in select areas of the service sector, such as telecommunication, Information Technology, Finance, Entertainment, travel and hospitality services, real estate and trade.
(iii) Cheap and skilled manpower: Due to the availability of cheap and skilled manpower, India has become favourite desalination for outsourcing by the developed economies.

Question. Why did RBI have to change its role form controller to facilitator of financial sector of India?
Answer: Prior to liberalization, RBI used to regulate and control the financial institutions like commercial banks, investment banks, stock exchange operations and foreign exchange market. After the financial sector reforms, RBI shifted its role from a controller to facilitator of financial sector. This means that greater autonomy granted to the financial sector in taking decisions on various matters without consulting the RBI. The main objective behind this was to encourage private sector participation, increase competition and allowing market forces to operate in the financial sector. Banks were given freedom to setup new branches without the approval of RBI.

Question. What do you understand by GST? How good is a system of GST as compared to the old tax system? State its categories.
Answer: GST is the “single comprehensive indirect tax” on supply of goods and services right from manufacturer or service provider to the consumer. The system of GST as compared to the old tax system.
1.It has simplified the multiplicity of taxes on goods and services.
2. The laws, procedures and rates of taxes across the country are also now standardized.
3. It has also facilitated the freedom of movement of goods and services.
4. It has created a common market in the country. The two categories of GST are CGST and SGST

Question. What are the objectives of WTO?
Answer: Objectives of World Trade Organization(WTO) are:
(a)Reduction of trade barriers to liberalize world trade.
(b) Serves as a platform for countries to raise their concerns regarding the trade policies of their trading partners.
(c) To enlarge production and trade of services.
(d) To ensure optimum utilization of world resources.
(e) To protect the environment.
(f) To provide greater market access to all member countries


6 marks questions

Question. Why were reforms introduced in India?
Answer: The various reasons for introduction of reforms in India are:
(i) Poor performance of Public sector: in the last four decades, the overall performance of public sector was very poor as huge losses were incurred by number of public sector enterprises.
(ii) Deficit in Balance of Payments(BOP): Even after imposing heavy tariffs and fixing quotas, there was a sharp rise in imports. On the other hand, there was slow growth of exports due to low quality and high prices of Indian goods in in the international market. It led to deficit in BOP
(iii) Inflationary pressure: there was a consistent rise in general price level in the economy due to increase in money supply and shortage of essential good.
(iv) Fall in foreign exchange reserves: In 1991.foreign exchange reserves fell to the lowest level. Foreign exchange reserves declined to a level that was not adequate to finance imports for more than two weeks and to pay interest that needs to be paid international lenders.
(v) Huge burden of Debts: the expenditure of Government was much higher than revenue. As a result, the Government had to borrow money from banks, public and from international financial institutions.
(vi) Inefficient Management: The government was not able to generate sufficient revenue and expenditure began to exceed its revenue by large margin.

Question. Discuss economic reforms in India in the light of social justice and welfare?
Answer: The economic reforms have been criticized in the light of social justice and welfare due to the following reasons:
(i) Growing unemployment: though the GDP growth rate has increased in the reform period, but such growth failed to generate sufficient employment opportunities in the country.
(ii) Removal of subsidy: Removal of fertilizers subsidy increased the cost of production which adversely affected small and larger farmers.
(iii) Rise in prices of food grains: Due to export oriented policy strategies in agriculture, the production shifted from food grains to cash crops for the export market. It led to rise in prices of food grains.
(iv) Cheaper imported goods: due to globalization, there was a greater flow goods and capital from developed countries and as a result, domestic industries were exposed to imported goods.
(v) Spread of consumerism: the new policy has been encouraging a dangerous trend of consumerism by encouraging the production of luxuries and items of superior consumption.
(vi) Unbalanced Growth: Growth has been concentrated only some select areas in the service sector, such as tele communication, information technology, finance entertainment, travel and hospitality services, real estate and trade rather than vital sectors such as agriculture and industry.

Question. What measures have been taken to give more priority to private sector in the development process of Indian economy?
Answer: The private sector was encouraged to participate in operation and ownership of production units by way of:
(i) Reduction in number of reserved public sector units
(ii) Disinvestment in public sector undertaking(PSU) by selling the shares of PSU’s into private hands.
(iii) Increase in the share of private sector in total investment.
(iv) Corporatization of public department with some operational and managerial autonomy.
(v) Licensing policy, which was distinctive for the private sector to start anew unit or to expand existing unit, was abolished for all industries except four.
(vi) Tax reforms, free flow of capital and technology from foreign countries also made production process profitable for the private sector.

Question. India is often called as ‘Outsourcing Destination’ of the world. Discuss the prime reason for this name given to India
Answer: India has become a favourable destination of outsourcing most of the MNC’s because of the following reason:
(i) Easy availability of cheap labour: the wage rate in India is comparatively lower than that in the developed countries. As a result, outsource their business in India.
(ii) Availability of skilled manpower: India has vast skilled manpower, which enhances the faith of MNC’s
(iii) Favourable Government Policies: NC’s get various types of lucrative offers from Indian Government like tax holidays, low tax rate etc.

Question. “Agriculture sector appears to be adversely affected by the economic reform process. “Explain the given statement.
Answer:
Agriculture was adversely affected by the reform processes in the following manner:
(i) Reduction of public Investment: Public Investment in agriculture sector, especially in infrastructure, which includes irrigation power road, market linkage and research and extension has been reduced in the reform period.
(ii) Removal of subsidy: Removal of fertilizer subsidy increased the cost of production, which adversely affected the small and marginal farmers.
(iii) Reduction in import duties: After the commencement of WTO a number of policy changes were made, reduction in import duties on agriculture products, removal of minimum support price, lifting of quantitative restriction on agriculture products etc. Affected Indian farmers as they have to face increased international competition.

Question. Distinguish between (a) Tariff and Non- Tariff barriers (b) Bilateral and Multilateral trade.
Answer:
(a) The barriers which are imposed on imports of goods and services to make them relatively costlier and to protect the domestic producers from the international competition are known as tariff barriers. e.g. Import duties.
Non- Tariff barriers are those barriers which are imposed on quantity of import and export of goods and services. E.g.; quota and import licensing.
(b) The trade between two countries is known as bilateral trade, whereas the multi-lateral trade is the trade between more than two countries.

Question. ” The opening up of the Indian economy has led to a rapid increase in Foreign Direct Investment(FDI) and Foreign Exchange Reserves of the country “defend or refute the given statement.
Answer: The statement is true, the foreign investment, both FDI and Foreign Institutional Investment(FII), have increased from about US $100 million in 1990-91 to US $ 30 billion in 2017-18. This has changed the status of India from a “begging bowl” in 1990’s to a “self-dependent” economy at present. Similarly, India has become one of the largest foreign exchange reserve holders in the world. It has increased form US $ 6 billion in 1990-91 to about US $ 443 billion in 2017-18.
Support Material for Economics, class XII (2022-23), KVS Ernakulum Region 188

Question. ” Recently the Government of India has decided to merge MTNL and BSNL on account of rising losses”. justify the steps taken by the Government of India.
Answer: the decision taken by the Government of India to merge MTNL and BSNL is quite appropriate. The Government has merged the two loss incurring businesses, with a motive to:
(i) Achieve higher economical and functional efficiency.
(ii) Minimize possible losses.

 

Q1- What kind of economic frame work was followed by India after independence ?
Q2 - Describe India’s economic crisis of 1991?
Q3 - “The origin of the financial crisis of 1991 can be traced to the inefficient management of Indian economy in the 1980’s”. Discuss.
Q4- Explain the 2 sets of measures adopted under NEP in India in 1991.
(HINT: stabilization and structural reforms)?

Q5- What is liberalization? Give an account of the liberalization measures introduced in 1991 in
(A)Industrial sector
(B) Financial sector
(C) Taxation
(D)FE markets
(E) Trade and investment

OR

(A) Describe regulatory mechanism of industrial sector before 1991 and reforms introduced after 1991
(B) Discuss the impact of financial sector reforms on the role of RBI after 1991 .
(C) List 3 kinds of changes adopted in tax reforms.
(D) Why was the rupee devalued in 1991?
(E) What type of foreign trade policies were followed before and after 1991?

Indian Economic Development Chapter 01 Indian Economy on the Eve of Independence
CBSE Class 11 Economics Indian Economy On The Eve Of Independence Worksheet
Indian Economic Development Chapter 02 Indian Economy 1950-1990
CBSE Class 11 Economics Economic Indian Economy
Indian Economic Development Chapter 03 Liberalisation, Privatisation and Globalisation: An Appraisal
CBSE Class 11 Economics Topic Economic Reforms Since 1991 Worksheet
Indian Economic Development Chapter 04 Poverty
CBSE Class 11 Economics Poverty Worksheet
Indian Economic Development Chapter 05 Human Capital Formation In India
CBSE Class 11 Economics Human Capital Formation In India Worksheet
Indian Economic Development Chapter 06 Rural Development
CBSE Class 11 Economics Rural Development Worksheet
Indian Economic Development Chapter 07 Employment Growth Informalisation and other Issues
CBSE Class 11 Economics Employment Growth Informalisation and other Issues Worksheet
Indian Economic Development Chapter 08 Infrastructure
CBSE Class 11 Economics Infrastructure Worksheet
Indian Economic Development Chapter 08 Infrastructure in India
CBSE Class 11 Economics Infrastructure in India Worksheet
Indian Economic Development Chapter 09 Environment and Sustainable Development
CBSE Class 11 Economics Sustainable Development Worksheet
Indian Economic Development Chapter 10 Comparative Development Experiences Of India and Its Neighbours
CBSE Class 11 Economics Comparative Development Experiences Of India and Its Neighbours Worksheet
Statistics for Economics Chapter 01 Introduction
CBSE Class 11 Economics Introduction To Statistics Worksheet
Statistics for Economics Chapter 02 Collection of Data
CBSE Class 11 Economics Collection Of Data Worksheet
Statistics for Economics Chapter 03 Organisation of Data
CBSE Class 11 Economics Organization Of Data Worksheet
Statistics for Economics Chapter 04 Presentation of Data
CBSE Class 11 Economics Presentation Of Data Worksheet
Statistics for Economics Chapter 05 Measures of Central Tendency
CBSE Class 11 Economics Measure Of Central Tendency And Positional Values Worksheet
Statistics for Economics Chapter 06 Measures of Dispersion
CBSE Class 11 Economics Measures Of Dispersion Worksheet
Statistics for Economics Chapter 07 Measures of Correlation
CBSE Class 11 Economics Measures of Correlation Worksheet
Statistics for Economics Chapter 08 Index Numbers
CBSE Class 11 Economics Index Numbers Worksheet

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CBSE Class 11 Economics Topic Economic Reforms Since 1991 Worksheet

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Worksheet for Economics CBSE Class 11 Topic Economic Reforms Since 1991

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Topic Economic Reforms Since 1991 worksheet Economics CBSE Class 11

All worksheets given above for Class 11 Economics have been made as per the latest syllabus and books issued for the current academic year. The students of Class 11 can be rest assured that the answers have been also provided by our teachers for all worksheet of Economics so that you are able to solve the questions and then compare your answers with the solutions provided by us. We have also provided a lot of MCQ questions for Class 11 Economics in the worksheet so that you can solve questions relating to all topics given in each chapter. All study material for Class 11 Economics students have been given on studiestoday.

Topic Economic Reforms Since 1991 CBSE Class 11 Economics Worksheet

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Worksheet for CBSE Economics Class 11 Topic Economic Reforms Since 1991

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Where can I download latest CBSE Printable worksheets for Class 11 Economics Topic Economic Reforms Since 1991

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