All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Class 10 Exam  >  Class 10 Questions  >  Which one among the following is a far reachi... Start Learning for Free
SaveJoin the Discussion on the App
Which one among the following is a far reaching change in the policy made inIndia in 1991 ?
[2011 (T-2)]
  • a)
    Removing barriers or restrictions set by the government which is known as liberalisation.
  • b)
    Put barriers to foreign trade and foreign investments.
  • c)
    Restrictions set by the government to protect the producers within the country from foreign competition.
  • d)
    By giving protection to domesticproducers through a variety of means.
Correct answer is option 'A'. Can you explain this answer?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Verified Answer
Which one among the following is a far reaching change in the policy m...
The far reaching change in the policy made in India in 1991 was Removing barriers or restrictions set by the government which is known as liberalisation. This policy opened up the Indian economy to foreign trade and foreign investments and removed the restrictions set by the government to protect the producers within the country from foreign competition.
View all questions of this test
Most Upvoted Answer
Which one among the following is a far reaching change in the policy m...
Removing barriers or restrictions set by the government which is known as liberalisation is the far-reaching change in the policy made in India in 1991. This change is often referred to as the "liberalization policy" or the "economic reforms of 1991."

1. Liberalisation Policy:
The liberalisation policy aimed to open up the Indian economy to global trade and foreign investments. It involved reducing government control and intervention in various sectors of the economy. The policy was implemented in response to a severe economic crisis that India faced in the early 1990s.

2. Removing Barriers and Restrictions:
The liberalisation policy involved removing barriers and restrictions set by the government, which had hindered the growth of the Indian economy. These barriers included excessive licensing requirements, permits, and regulations that constrained the functioning of industries and businesses. By eliminating these barriers, the government aimed to promote competition, efficiency, and growth.

3. Trade and Investment Reforms:
Under the liberalisation policy, the government also implemented significant trade and investment reforms. It reduced import tariffs and trade barriers, allowing for easier access to foreign markets. This encouraged exports and increased foreign exchange earnings. Additionally, foreign direct investment (FDI) was encouraged through the relaxation of regulations and the opening up of various sectors to foreign investors.

4. Privatization and Global Integration:
The liberalisation policy also involved the privatization of public sector enterprises, allowing private players to participate in various sectors of the economy. This helped in improving efficiency, productivity, and competitiveness. The policy also aimed to integrate the Indian economy with the global economy by encouraging foreign collaborations and joint ventures.

5. Impact on the Indian Economy:
The liberalisation policy brought about significant changes in the Indian economy. It led to higher economic growth, increased foreign investments, improved productivity, and job creation. The policy also stimulated competition, which resulted in a wider variety of choices for consumers. It played a crucial role in transforming India into a more market-oriented and globally integrated economy.

Overall, the far-reaching change in the policy made in India in 1991 was the removal of barriers and restrictions through liberalisation. This policy opened up the Indian economy to global trade and foreign investments, leading to substantial economic growth and development.
Attention Class 10 Students!
To make sure you are not studying endlessly, EduRev has designed Class 10 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 10.
< Previous Question Next Question >
Explore Courses for Class 10 exam

Similar Class 10 Doubts

Read the extract given below and answer the questions that follows:Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances. Globalisation has created more competitive environment in India. In the past two to three decades, more and more MNCs have been looking for locations around the world which would be cheap for their production. Foreign investment by MNCs in these countries has been rising. At the same time, foreign trade between countries has been rising rapidly. A large part of the foreign trade is also controlled by MNCs. The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries. Globalisation is this process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries. Besides the movements of goods, services, investments and technology, there is one more way in which the countries can be connected. This is through the movement of people between countries. People usually move from one country to another in search of better income, better jobs or better education. Rapid improvement in technology has been one major factor that has stimulated the Globalisation process. Even more remarkable have been the developments in information and communication technology. Globalisation and greater competition among producers - both local and foreign producers - has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower prices for several products. As a result, these people today, enjoy much higher standards of living than was possible earlier. Globalisation has also created new opportunities for companies providing services, particularly those involving IT.Answer the following MCQs by choosing the most appropriate optionQ. Process of integration of different countries is called

Top Courses for Class 10View all

Top Courses for Class 10

Which one among the following is a far reaching change in the policy made inIndia in 1991 ?[2011 (T-2)]a)Removing barriers or restrictions set by the government which is known as liberalisation.b)Put barriers to foreign trade and foreign investments.c)Restrictions set by the government to protect the producers within the country from foreign competition.d)By giving protection to domesticproducers through a variety of means.Correct answer is option 'A'. Can you explain this answer?
Question Description
Which one among the following is a far reaching change in the policy made inIndia in 1991 ?[2011 (T-2)]a)Removing barriers or restrictions set by the government which is known as liberalisation.b)Put barriers to foreign trade and foreign investments.c)Restrictions set by the government to protect the producers within the country from foreign competition.d)By giving protection to domesticproducers through a variety of means.Correct answer is option 'A'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which one among the following is a far reaching change in the policy made inIndia in 1991 ?[2011 (T-2)]a)Removing barriers or restrictions set by the government which is known as liberalisation.b)Put barriers to foreign trade and foreign investments.c)Restrictions set by the government to protect the producers within the country from foreign competition.d)By giving protection to domesticproducers through a variety of means.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which one among the following is a far reaching change in the policy made inIndia in 1991 ?[2011 (T-2)]a)Removing barriers or restrictions set by the government which is known as liberalisation.b)Put barriers to foreign trade and foreign investments.c)Restrictions set by the government to protect the producers within the country from foreign competition.d)By giving protection to domesticproducers through a variety of means.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Which one among the following is a far reaching change in the policy made inIndia in 1991 ?[2011 (T-2)]a)Removing barriers or restrictions set by the government which is known as liberalisation.b)Put barriers to foreign trade and foreign investments.c)Restrictions set by the government to protect the producers within the country from foreign competition.d)By giving protection to domesticproducers through a variety of means.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10. Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free.
Here you can find the meaning of Which one among the following is a far reaching change in the policy made inIndia in 1991 ?[2011 (T-2)]a)Removing barriers or restrictions set by the government which is known as liberalisation.b)Put barriers to foreign trade and foreign investments.c)Restrictions set by the government to protect the producers within the country from foreign competition.d)By giving protection to domesticproducers through a variety of means.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which one among the following is a far reaching change in the policy made inIndia in 1991 ?[2011 (T-2)]a)Removing barriers or restrictions set by the government which is known as liberalisation.b)Put barriers to foreign trade and foreign investments.c)Restrictions set by the government to protect the producers within the country from foreign competition.d)By giving protection to domesticproducers through a variety of means.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Which one among the following is a far reaching change in the policy made inIndia in 1991 ?[2011 (T-2)]a)Removing barriers or restrictions set by the government which is known as liberalisation.b)Put barriers to foreign trade and foreign investments.c)Restrictions set by the government to protect the producers within the country from foreign competition.d)By giving protection to domesticproducers through a variety of means.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Which one among the following is a far reaching change in the policy made inIndia in 1991 ?[2011 (T-2)]a)Removing barriers or restrictions set by the government which is known as liberalisation.b)Put barriers to foreign trade and foreign investments.c)Restrictions set by the government to protect the producers within the country from foreign competition.d)By giving protection to domesticproducers through a variety of means.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which one among the following is a far reaching change in the policy made inIndia in 1991 ?[2011 (T-2)]a)Removing barriers or restrictions set by the government which is known as liberalisation.b)Put barriers to foreign trade and foreign investments.c)Restrictions set by the government to protect the producers within the country from foreign competition.d)By giving protection to domesticproducers through a variety of means.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 10 tests.
Explore Courses for Class 10 exam

Top Courses for Class 10

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup