Liberalization Privatization Globalization — Prelims Questions

Which of the following was NOT a direct consequence of the Liberalization, Privatization, and Globalization (LPG) reforms introduced in India in 1991?

Consider the following statements regarding the Foreign Exchange Management Act (FEMA), 1999: 1. It replaced the Foreign Exchange Regulation Act (FERA), 1973. 2. Its primary objective was to conserve foreign exchange and prevent its misuse. 3. It aims to facilitate external trade and payments and promote the orderly development of the foreign exchange market. Which of the statements given above is/are correct?

Which of the following committees is associated with the concept of Capital Account Convertibility in India?

The term 'jobless growth' is often associated with India's economic performance post-1991 reforms. What does this term primarily imply?

Which of the following statements best describes the 'Graduated Economic Sovereignty' approach adopted by India during its economic reforms?