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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is economic liberalization?
💡 Hint: Think of how the government might reduce its control over various sectors.
Question 2
Easy
Name one sector that benefited from privatization in India.
💡 Hint: Consider industries where private companies now operate.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does the acronym 'LPG' stand for in the context of Indian economic reforms?
- Liberalization
- Privatization
- Globalization
- Loans
- Prices
- Goods
- Legislation
- Policy
- Governance
💡 Hint: Think about the three major changes that were made to the economy.
Question 2
True or False: Globalization has only positive effects on the Indian economy.
- True
- False
💡 Hint: Remember that there are always two sides to economic changes.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Discuss how the liberalization process could be implemented without negatively impacting existing industries.
💡 Hint: Consider strategies that can support existing industries while opening markets.
Question 2
Analyze the potential socio-economic impacts of increased globalization on rural communities in India.
💡 Hint: Look at both opportunities for growth and risks from external competition.
Challenge and get performance evaluation