Which of the following is NOT related to the structural adjustment programmes implemented in India after 1991?
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2 marks, −0.667Indian EconomyPlanning, reforms and liberalisationThe 1991 economic reformsModerateabout 1 min
IIT JAM 2022 Question 15: Planning, reforms and liberalisation
Answer and worked solution
Answer: (B)
The 1991 structural adjustment programme liberalised the economy through deregulation, fiscal austerity and subsidy reduction. Quantitative restrictions on trade were progressively removed under liberalisation, so they are the opposite of a structural adjustment measure.
The item that is NOT related is (B).
The trap: (A) Deregulation
Deregulation, austerity and subsidy cuts are all textbook components of structural adjustment; only the trade restriction runs against the liberalising thrust.
Planning, reforms and liberalisation has come up 62 times in 6 exams since 2010.
What this question tests
This question is on The 1991 economic reforms, part of Planning, reforms and liberalisation in Indian Economy.
The liberalisation, privatisation and globalisation reforms that ended the licence era.
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Question from the IIT JAM 2022 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.