{"id":91502,"date":"2025-06-01T10:57:55","date_gmt":"2025-06-01T10:57:55","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91502"},"modified":"2025-06-01T10:57:55","modified_gmt":"2025-06-01T10:57:55","slug":"which-of-the-following-has-have-occurred-in-india-after-its-liberaliza","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-has-have-occurred-in-india-after-its-liberaliza\/","title":{"rendered":"Which of the following has\/have occurred in India after its liberaliza"},"content":{"rendered":"<p>Which of the following has\/have occurred in India after its liberalization of economic policies in 1991?<\/p>\n<ul>\n<li>Share of agriculture in GDP increased enormously.<\/li>\n<li>Share of India&#8217;s exports in world trade increased.<\/li>\n<li>FDI flows increased.<\/li>\n<li>India&#8217;s foreign exchange reserves increased enormously.<\/li>\n<\/ul>\n<p>Select the correct answer using the codes given below:<\/p>\n<p>[amp_mcq option1=&#8221;1 and 4 only&#8221; option2=&#8221;2, 3 and 4 only&#8221; option3=&#8221;2 and 3 only&#8221; option4=&#8221;1, 2, 3 and 4&#8243; correct=&#8221;option2&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2017<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2017.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2017\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nThe correct answer is B) 2, 3 and 4 only. After the liberalization of economic policies in 1991, India experienced significant increases in its share of world trade, FDI flows, and foreign exchange reserves, while the share of agriculture in GDP declined.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\n&#8211; Statement 1 is incorrect. The share of agriculture in India&#8217;s GDP has consistently declined after 1991, although a large proportion of the population still depends on it for livelihood. This is a common structural transformation in developing economies.<br \/>\n&#8211; Statement 2 is correct. Liberalization led to increased trade integration with the global economy, resulting in a rise in India&#8217;s share of global exports.<br \/>\n&#8211; Statement 3 is correct. Policy changes opened up the Indian economy to foreign investment, leading to a substantial increase in Foreign Direct Investment (FDI) inflows.<br \/>\n&#8211; Statement 4 is correct. Increased trade surplus (in some periods), capital inflows (FDI, FII, external commercial borrowings), and remittances led to a massive increase in India&#8217;s foreign exchange reserves.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nThe 1991 reforms were aimed at dismantling the &#8216;License Raj&#8217;, opening the economy to greater domestic and international competition, and integrating it with the global economy. These reforms led to higher economic growth rates, increased trade, and greater foreign investment, fundamentally transforming the Indian economy.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Which of the following has\/have occurred in India after its liberalization of economic policies in 1991? Share of agriculture in GDP increased enormously. Share of India&#8217;s exports in world trade increased. FDI flows increased. India&#8217;s foreign exchange reserves increased enormously. Select the correct answer using the codes given below: [amp_mcq option1=&#8221;1 and 4 only&#8221; option2=&#8221;2, &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Which of the following has\/have occurred in India after its liberaliza\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-has-have-occurred-in-india-after-its-liberaliza\/#more-91502\">Detailed Solution<span class=\"screen-reader-text\">Which of the following has\/have occurred in India after its liberaliza<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1101,1120,1261],"class_list":["post-91502","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1101","tag-economic-development","tag-nature-of-indian-economy","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following has\/have occurred in India after its liberaliza<\/title>\n<meta name=\"description\" content=\"The correct answer is B) 2, 3 and 4 only. After the liberalization of economic policies in 1991, India experienced significant increases in its share of world trade, FDI flows, and foreign exchange reserves, while the share of agriculture in GDP declined. - Statement 1 is incorrect. The share of agriculture in India&#039;s GDP has consistently declined after 1991, although a large proportion of the population still depends on it for livelihood. This is a common structural transformation in developing economies. - Statement 2 is correct. Liberalization led to increased trade integration with the global economy, resulting in a rise in India&#039;s share of global exports. - Statement 3 is correct. Policy changes opened up the Indian economy to foreign investment, leading to a substantial increase in Foreign Direct Investment (FDI) inflows. - Statement 4 is correct. Increased trade surplus (in some periods), capital inflows (FDI, FII, external commercial borrowings), and remittances led to a massive increase in India&#039;s foreign exchange reserves.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-has-have-occurred-in-india-after-its-liberaliza\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which of the following has\/have occurred in India after its liberaliza\" \/>\n<meta property=\"og:description\" content=\"The correct answer is B) 2, 3 and 4 only. After the liberalization of economic policies in 1991, India experienced significant increases in its share of world trade, FDI flows, and foreign exchange reserves, while the share of agriculture in GDP declined. - Statement 1 is incorrect. The share of agriculture in India&#039;s GDP has consistently declined after 1991, although a large proportion of the population still depends on it for livelihood. This is a common structural transformation in developing economies. - Statement 2 is correct. Liberalization led to increased trade integration with the global economy, resulting in a rise in India&#039;s share of global exports. - Statement 3 is correct. Policy changes opened up the Indian economy to foreign investment, leading to a substantial increase in Foreign Direct Investment (FDI) inflows. - Statement 4 is correct. Increased trade surplus (in some periods), capital inflows (FDI, FII, external commercial borrowings), and remittances led to a massive increase in India&#039;s foreign exchange reserves.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-has-have-occurred-in-india-after-its-liberaliza\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T10:57:55+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which of the following has\/have occurred in India after its liberaliza","description":"The correct answer is B) 2, 3 and 4 only. After the liberalization of economic policies in 1991, India experienced significant increases in its share of world trade, FDI flows, and foreign exchange reserves, while the share of agriculture in GDP declined. - Statement 1 is incorrect. The share of agriculture in India's GDP has consistently declined after 1991, although a large proportion of the population still depends on it for livelihood. This is a common structural transformation in developing economies. - Statement 2 is correct. Liberalization led to increased trade integration with the global economy, resulting in a rise in India's share of global exports. - Statement 3 is correct. Policy changes opened up the Indian economy to foreign investment, leading to a substantial increase in Foreign Direct Investment (FDI) inflows. - Statement 4 is correct. Increased trade surplus (in some periods), capital inflows (FDI, FII, external commercial borrowings), and remittances led to a massive increase in India's foreign exchange reserves.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-has-have-occurred-in-india-after-its-liberaliza\/","og_locale":"en_US","og_type":"article","og_title":"Which of the following has\/have occurred in India after its liberaliza","og_description":"The correct answer is B) 2, 3 and 4 only. After the liberalization of economic policies in 1991, India experienced significant increases in its share of world trade, FDI flows, and foreign exchange reserves, while the share of agriculture in GDP declined. - Statement 1 is incorrect. The share of agriculture in India's GDP has consistently declined after 1991, although a large proportion of the population still depends on it for livelihood. This is a common structural transformation in developing economies. - Statement 2 is correct. Liberalization led to increased trade integration with the global economy, resulting in a rise in India's share of global exports. - Statement 3 is correct. Policy changes opened up the Indian economy to foreign investment, leading to a substantial increase in Foreign Direct Investment (FDI) inflows. - Statement 4 is correct. Increased trade surplus (in some periods), capital inflows (FDI, FII, external commercial borrowings), and remittances led to a massive increase in India's foreign exchange reserves.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-has-have-occurred-in-india-after-its-liberaliza\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T10:57:55+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-has-have-occurred-in-india-after-its-liberaliza\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-has-have-occurred-in-india-after-its-liberaliza\/","name":"Which of the following has\/have occurred in India after its liberaliza","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T10:57:55+00:00","dateModified":"2025-06-01T10:57:55+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The correct answer is B) 2, 3 and 4 only. After the liberalization of economic policies in 1991, India experienced significant increases in its share of world trade, FDI flows, and foreign exchange reserves, while the share of agriculture in GDP declined. - Statement 1 is incorrect. The share of agriculture in India's GDP has consistently declined after 1991, although a large proportion of the population still depends on it for livelihood. This is a common structural transformation in developing economies. - Statement 2 is correct. Liberalization led to increased trade integration with the global economy, resulting in a rise in India's share of global exports. - Statement 3 is correct. Policy changes opened up the Indian economy to foreign investment, leading to a substantial increase in Foreign Direct Investment (FDI) inflows. - Statement 4 is correct. Increased trade surplus (in some periods), capital inflows (FDI, FII, external commercial borrowings), and remittances led to a massive increase in India's foreign exchange reserves.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-has-have-occurred-in-india-after-its-liberaliza\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-has-have-occurred-in-india-after-its-liberaliza\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-has-have-occurred-in-india-after-its-liberaliza\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"Which of the following has\/have occurred in India after its liberaliza"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=91502"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91502\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=91502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=91502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=91502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}