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Topic Economic Liberalization
Asked 3 times in CSE over 21 years (1999–2020), peaking in 2017.
Key insights
- Most tested in CSE — 3 of 3 PYQs
- Most asked in 2017
- Recurs across 3 years (1999–2020)
Across exams
CSE · 3How the concept evolved
Rising — more than half its appearances (2 of 3) are since 2016.
Related concepts
Ideas UPSC tests alongside this one — keep exploring.
Sample questions
You've seen the pattern — here are a few of the actual PYQs.
CSE2020
With reference to the Indian economy after the 1991 economic liberalization, consider the following statements
- Worker productivity (₹ per worker at 2004 – 05 prices) increased in urban areas while it decreased in rural areas
- The percentage share of rural areas in the workforce steadily increased
- In rural areas, the growth in non-farm economy increased
- The growth rate in rural employment decreased
Which of the statements given above is/are correct ?
- A 1 and 2 only
- B 3 and 4 only ✓
- C 3 only
- D 1, 2 and 4 only
✓ Correct answer: (B)
Economy › Planning & Reforms
CSE2017
Which of the following has/have occurred in India after its liberalization of economic policies in 1991 ?
- Share of agriculture in GDP increased enormously
- Share of India's exports in world trade increased
- FDI inflows increased
- India's foreign exchange reserves increased enormously
Select the correct answer using the codes given below :
- A 1 and 4 only
- B 2, 3 and 4 only ✓
- C 2 and 3 only
- D 1, 2, 3 and 4
✓ Correct answer: (B)
Economy › Planning & Reforms
CSE1999
The planning process in the industrial sector in India has assumed a relatively less important position in the nineties as compared to that in the earlier period. Which one of the following is not true in this regard?
- A with the advent of liberalization, industrial investments/development have largely been placed within the domain of private and multinational sectors
- B with markets assuming a central place, the role of central planning in many sectors has been rendered redundant ✓
- C the focus of planning has shifted to sectors like human resource development, infrastructure, population control and welfare
- D the nation's priorities have shifted away from industrial development to rural development
✓ Correct answer: (B)
Economy › Planning & Reforms
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