Economic Reforms Quiz
Practice quiz on Economic Reforms (Economy). 5 real exam questions.
About This Quiz
Economic Reforms Quiz — Questions with Solutions
All 5 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.
Q1.LPG reforms in India were introduced in which year?
- A.1991
- B.1985
- C.2000
- D.1975
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Answer: A. 1991
New Economic Policy under PM Narasimha Rao.
Q2.Who was the Finance Minister during the 1991 economic reforms?
- A.Dr. Manmohan Singh
- B.P. Chidambaram
- C.Yashwant Sinha
- D.Pranab Mukherjee
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Answer: A. Dr. Manmohan Singh
Later became Prime Minister.
Q3.Disinvestment means?
- A.Government selling its equity in public sector enterprises
- B.Increasing government investment
- C.Foreign investment
- D.Private sector investment
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Answer: A. Government selling its equity in public sector enterprises
Part of privatization reforms.
Q4.GST (Goods and Services Tax) was implemented from?
- A.July 1, 2017
- B.April 1, 2016
- C.January 1, 2018
- D.March 1, 2017
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Answer: A. July 1, 2017
'One Nation, One Tax'.
Q5.NITI Aayog replaced which body?
- A.Planning Commission
- B.Finance Commission
- C.UGC
- D.Election Commission
Show answer
Answer: A. Planning Commission
Established in 2015.
Frequently Asked Questions
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Can I attempt Economic Reforms Quiz multiple times?
Yes. You can attempt this quiz as many times as you like. Each attempt is recorded separately so you can track improvement in score, accuracy and time-management.
Which government exams does this quiz prepare me for?
Economic Reforms questions appear regularly in SSC CGL, CHSL, MTS, GD; IBPS PO, Clerk; SBI PO, Clerk; RRB NTPC, Group D; UPSC prelims and most State PSC exams. The specific weightage varies by exam — check the exam pattern on the corresponding AajExam exam page for details.