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Home » Development Economics » India » India’s reforms of the 1990s » India’s reforms of the 1990s - Practice Questions

India’s reforms of the 1990s - Practice Questions

1. One reform of the early 1990s was to drastically reduce tariffs. As a result: *

The sheer amount of materials available to Indian firms increased

The price of raw materials fell

both a. and b.

2. Which of the following was NOT one of the reforms made in India in the early 1990s? *

Liberalizing FDI

Changes to the banking industry

Increased tariffs

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