Economic Reforms Comparison MCQs
Economic Reforms Comparison – MCQs with Answers & Explanations
Class: 11 | Subject: Economics
Section 17: Comparative Development Experiences of India & Neighbours
Topic: Economic Reforms Comparison
Based on NCERT | CBSE Board Examination Standard
Section 17: Comparative Development Experiences of India & Neighbours
Topic: Economic Reforms Comparison
Based on NCERT | CBSE Board Examination Standard
1. Economic reforms refer to:
Answer: B
They include liberalisation, privatisation, and globalisation measures.
2. China introduced reforms in:
Answer: B
Market‑oriented reforms under Deng Xiaoping.
3. India’s reforms began in:
Answer: B
LPG reforms addressed BOP crisis.
4. Pakistan initiated reforms in:
Answer: B
Focused on deregulation and private investment.
5. LPG stands for:
Answer: A
Core pillars of India’s reforms.
6. SEZs were widely promoted in:
Answer: B
Boosted export manufacturing.
7. Privatisation means:
Answer: B
Transfer of enterprises to private sector.
8. Liberalisation involves:
Answer: A
Encourages free market operations.
9. Globalisation promotes:
Answer: A
Integration with world economy.
10. India’s reforms boosted:
Answer: A
Software exports surged.
11. China’s commune system ended during:
Answer: A
Agriculture decollectivised.
12. Reforms increased FDI in:
Answer: A
Foreign investment inflows rose.
13. Export growth strongest in:
Answer: A
Manufacturing exports dominated.
14. Balance of Payments crisis triggered reforms in:
Answer: A
1991 forex shortage.
15. Reforms improved:
Answer: A
Efficiency gains observed.
16. Industrial licensing removal is called:
Answer: A
Ended Licence Raj.
17. Reforms encourage competition leading to:
Answer: A
Firms improve efficiency.
18. WTO integration reflects:
Answer: A
Trade liberalisation.
19. Reform success depends on:
Answer: D
Multiple growth drivers.
20. Overall reform performance strongest in:
Answer: A
Faster industrial growth and exports.
