2.2.3 - Economic Liberalization (1991)
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Practice Questions
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What does economic liberalization refer to?
💡 Hint: Think about the relationship between the government and the economy.
In what year did India experience economic liberalization?
💡 Hint: Recall the crisis that led to the reforms.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What year did India liberalize its economy?
💡 Hint: Connect it with the balance of payments crisis.
The reduction of tariffs is associated with economic liberalization. True or False?
💡 Hint: Remember what you learned about the barriers to trade.
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Challenge Problems
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Evaluate how the 1991 economic reforms may have set the stage for India's later successes in the technology sector.
💡 Hint: Think of specific examples of technological innovations post-liberalization.
Discuss the socio-economic impacts of liberalization, including both positive growth and negative inequality.
💡 Hint: Review points on both economic growth and societal challenges.
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