Spectrum Test: The Narasimha Rao Years (1991–1996) - UPSC MCQ

During P.V. Narasimha Rao's tenure, key economic reforms included the devaluation of the Rupee, introduction of the SEBI Act of 1992, and liberalization of foreign ownership, among others.

The 73rd and 74th Constitutional Amendments provided constitutional status to Panchayati Raj institutions and municipalities, strengthening local self-government.

During Narasimha Rao's tenure, the Prithvi-1 missile was successfully inducted into the army, marking a significant step in indigenous missile technology.

The 'Look East Policy' was initiated to enhance political, economic, and cultural relations with Southeast Asian and Pacific nations.

The Babri Masjid demolition in 1992 led to widespread communal riots and had a lasting impact on Hindu-Muslim relations in India.

Allegations of vote manipulation surfaced during a no-confidence motion against the Narasimha Rao government in July 1993.

Lashkar-e-Taiba gained prominence in the 1990s in Kashmir, advocating for the region's accession to Pakistan.

In the 1996 general elections, no single party secured a majority, leading to a period of political instability and coalition governments.

Kanshi Ram founded the Bahujan Samaj Party (BSP) in the 1980s, aiming to represent not only Dalits but also other backward castes and marginalized communities.

The New Economic Policy of 1991 was based on the principles of liberalization, privatization, and globalization, marking a shift from the earlier socialist-oriented policies.

P.V. Narasimha Rao appointed Manmohan Singh as the Finance Minister, who was instrumental in implementing significant economic reforms in India.

The Industrial Policy of 1991 was revolutionary in shortening the list of industries subject to industrial licensing, thereby promoting private investment and reducing government control.

The SEBI Act of 1992 was enacted to regulate security market intermediaries, marking a significant step in reforming India's stock market.

The security situation in Punjab was effectively controlled under Narasimha Rao's leadership, particularly through the successful conduct of state elections.

Significant progress was made in space technology under Rao's administration, including successful tests of the Augmented Satellite Launch Vehicle (ASLV) and the Polar Satellite Launch Vehicle (PSLV).

After the Soviet Union's disintegration, India, under Narasimha Rao, adapted its foreign policy to the new global dynamics, diversifying relations with various countries.

The 73rd Constitutional Amendment provided constitutional recognition and structure to the Panchayati Raj institutions, enhancing local self-governance.

Following the Babri Masjid demolition, retaliatory bomb blasts occurred in Bombay in 1993, which were seen as a response to the demolition and subsequent riots.

The Rao government faced allegations of bribing members of the Jharkhand Mukti Morcha (JMM) during a no-confidence motion in July 1993.

The Bahujan Samaj Party (BSP), founded by Kanshi Ram, emerged as a major player in Uttar Pradesh's 1993 state elections, focusing on Dalit and marginalized community representation.