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Indian Economic Development

Class 11 · Economy

Ch 3 · Liberalisation, Privatisation and Globalisation: An Appraisal

Real UPSC Prelims questions from 2016–2026, linked to this book. Try each one first, then open the answer. 2026 answers follow UPSC's provisional answer key.

Prelims 2017 · Q77

Which of the following has/have occurred in India after its liberalization of economic policies in 1991?

1.Share of agriculture in GDP increased enormously.
2.Share of India's exports in world trade increased.
3.FDI inflows increased.
4.India's foreign exchange reserves increased enormously.

Select the correct answer using the codes given below:

(a)1 and 4 only
(b)2, 3 and 4 only
(c)2 and 3 only
(d)1, 2, 3 and 4

Show answer

UPSC's answer: (b)

NCERT answers it: Class 11 Indian Economic Development, Ch 3 (Liberalisation, Privatisation and Globalisation: An Appraisal); Class 11 Indian Economic Development, Ch 5 (Rural Development).

How to solve it with NCERT: Class 11 Indian Economic Development, ch 3, shows FDI and foreign-exchange reserves rising sharply after 1991 (reserves from about $6 billion to $646 billion), so 3 and 4 are true. Ch 5 says agriculture's share of GDP was declining, so 1 is false. The only option with 4 and without 1 is (b).

Hindi version: UPSC's official question paper (2017), question 77 ↗

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