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Which of the following events marked a significant shift towards inclusive growt

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Question: Which of the following events marked a significant shift towards inclusive growth in India during the 1990s? (1991)

Options:

  1. Green Revolution
  2. Economic Liberalization
  3. Panchayati Raj
  4. Nationalization of Banks

Correct Answer: Economic Liberalization

Exam Year: 1991

Solution: 

Economic Liberalization in the 1990s aimed to integrate the Indian economy with the global market, promoting inclusive growth through increased opportunities.

Which of the following events marked a significant shift towards inclusive growt

Practice Questions

Q1
Which of the following events marked a significant shift towards inclusive growth in India during the 1990s? (1991)
  1. Green Revolution
  2. Economic Liberalization
  3. Panchayati Raj
  4. Nationalization of Banks

Questions & Step-by-Step Solutions

Which of the following events marked a significant shift towards inclusive growth in India during the 1990s? (1991)
  • Step 1: Understand what 'inclusive growth' means. It refers to economic growth that benefits all sections of society, especially the poor and marginalized.
  • Step 2: Identify the time period in question, which is the 1990s in India.
  • Step 3: Recognize that in 1991, India underwent 'Economic Liberalization'. This means the government started to open up the economy to global markets.
  • Step 4: Note that Economic Liberalization included reducing restrictions on businesses, encouraging foreign investment, and promoting trade.
  • Step 5: Understand that these changes created more job opportunities and improved access to goods and services for more people.
  • Step 6: Conclude that Economic Liberalization in the 1990s was a key event that marked a shift towards inclusive growth in India.
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