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<html><body><h2 id="content-id-6397415028-2"><b>Economy Questions Overview</b></h2><p>Economy Questions have a good weightage in the Selection Post 12th English Exam and the type of question asked in Selection Post 12th English exam is similar to the question mentioned below. It has been solved and explained by KD Live Experts under the guidance of Neetu Mam and they have tried to elaborate the concept used in Economy Questions.</p><h2 id="content-id-2509746318-3"><b>Question On Economy </b></h2>Which of the following was a key feature of India’s trade policy reforms in 1991 period?
<div class="row show--dificulty--bar" style="margin-top:8px;"><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex !important;border-right:0.1px solid #eee;"><h3 style="font-size:12px !important;">Difficulty : Easy </h3></div><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex;"><h3 style="font-size:12px !important;"> Average Time : 32 Seconds </h3></div></div><h2 id="content-id-8619537420-4"><b> Economy Questions Options</b></h2><ol><li><p>Imposing new quantitative restrictions on essential imports</p>
</li><li><p>Expanding import licensing to control foreign trade</p>
</li><li><p>Introducing quotas to limit agricultural exports</p>
</li><li><p>Removal of licensing procedures for imports</p>
</li></ol> <h2 id="content-id-7195863024-5"><b> Economy Questions Solution</b></h2><p>The correct answer is <strong>option 4 </strong>i.e.<strong> Removal of licensing procedures for imports.</strong></p>

<p>India introduced major <strong>trade policy reforms in 1991</strong> as part of the broader economic liberalisation programme. One of the important changes was the <strong>gradual removal of import licensing requirements and quantitative restrictions</strong> on imports. These reforms aimed to reduce excessive government control over foreign trade, encourage competition, improve access to imported inputs and technology, and integrate the Indian economy more closely with global markets.</p>

<p>Before 1991, India's trade regime relied heavily on <strong>import licensing, quotas, and other restrictions</strong> to regulate foreign trade. The reforms shifted the approach towards greater openness and market-oriented trade policies. Import licensing was progressively dismantled for most goods, although certain items continued to remain subject to restrictions for various policy reasons.</p>
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Which of the following wa - Economy Questions for Selection Post 12th English

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The correct answer is option 4 i.e. Re - Economy Questions are asked in Selection Post 12th English exams and your question has been explained by experts like Neetu Mam.

Which of the following wa - Economy Questions for Selection Post 12th English

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