MCQs – India Economic reforms and their impact.By: Prof. Dr. Fazal Rehman | Last updated: May 19, 2025 5 Score: 0 Attempted: 0/5 Subscribe 1. : The economic reforms in India initiated in 1991 aimed to (A) Increase government control over the economy (B) Encourage privatization and liberalization (C) Expand the public sector (D) Strengthen trade barriers 2. : Which of the following sectors in India saw significant privatization and deregulation as a result of economic reforms? (A) Agriculture (B) Healthcare (C) Telecommunications (D) Education 3. : The introduction of the Goods and Services Tax (GST) in India aimed to: (A) Simplify the tax structure and promote ease of doing business (B) Increase tax rates to boost government revenue (C) Impose additional taxes on essential goods and services (D) Encourage tax evasion and black money 4. : Economic reforms in India led to an increase in: (A) Import tariffs (B) Foreign direct investment (FDI) (C) Government subsidies (D) Public sector investment 5. : The impact of economic reforms in India includes: (A) Accelerated economic growth and modernization (B) Increased unemployment and poverty rates (C) Expansion of the informal sector and decrease in formal employment (D) Higher inflation rates and unstable currency Related Posts:MCQs - India Economic reforms and their impactMCQs on indian Impact of climate on agriculture (India)Which one of the following is not true regarding the impact of the First World War on India?MCQs - Major rivers (Ganges, Brahmaputra, Yamuna) and their basins. (India)Pakistan Education system challenges and reforms MCQsPAST PAPER STAFF NURSE (BS-16) + (Special Health Sector Reforms Allowance) PPSC [SOLVED]