| Direction: Q. 11 to 15 |
| Read the following case study and answer the questions. |
| The process of globalisation through liberalisation and privatisation policies has produced positive as well as negative results both for India and other countries. In the Indian context, some studies have stated that the crisis that erupted in the early 1990s was basically an outcome of the deep-rooted inequalities in Indian society and the economic reform policies initiated as a response to the crisis by the government, with externally advised policy package, further aggravated the inequalities. |
| The New Economic Policy 1991 has increase the income and quality of consumption of only high-income groups and the growth has been concentrated only in some select areas in the services sector such as telecommunication, information technology, finance, entertainment, travel and hospitality services, real estate and trade, rather than vital sectors such as agriculture and industry which provide livelihoods to millions of people in the country. |
A) True
B) False
C) Partially true
D) Can't say
Correct Answer: B
Solution :
Economic reforms increased the income and quality of consumption of higher income groups with a slow growth of important sectors like agriculture and industry.
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