NextQ29

"The trade and investment policy initiated by the Indian Government during 1991 economic reforms involved some major decision-making with respect to local industries." Elaborate any two major decisions and their respective impacts on the Indian economy. "British colonial rule in India resulted into systematic deindustrialisation of Indian indigenous industries." Explain the two-fold motive of the British with valid arguments.

Reasons for Economic ReformsStudy Simplify SpecialPYQ1MCQ
Question 28

Read the following statements - Assertion (A) and Reason (R). Choose the correct alternative from the options given below : Assertion (A) : Under the financial sector reforms introduced in 1991, foreign investment limit in banks was raised up to around 74%. Reason (R) : Foreign Institutional Investors (FIIs) were allowed to invest in Indian financial markets, post-1991.

28/55