Indian Economy·MCQ Practice
Economic Reforms 1991 — MCQ Practice
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Version 1Updated 5 Mar 2026
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Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Q1medium
Which of the following was NOT a component of India's New Economic Policy of 1991?
Q2easy
The Foreign Exchange Management Act (FEMA) of 1999 replaced which earlier legislation?
Q3medium
Which international organization provided the largest financial assistance to India during the 1991 economic crisis?
Q4medium
The term 'Hindu rate of growth' associated with pre-1991 Indian economy referred to:
Q5medium
Which of the following sectors was among the first to be opened to private competition after 1991 reforms?