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Economic Reforms since 1991 (LPG) · Question 24 of 65

Question 24

MediumOriginal question

Read the two statements and choose the correct option.

I. After 1991, many goods earlier reserved for small-scale industry were de-reserved.

II. After 1991, the government fixed the prices of most industrial goods.

Options for question 24

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. De-reservation let larger firms make those goods: I is true.

  2. The market was allowed to set prices in many industries, so II is false.

Concept
Industrial deregulation
Typical time
70 s
Your time
—
The rule this testsLiberalisation
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Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

Practise this chapter →

Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

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