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Q.

Choose the given statement is true/false:


It was in 1991 that the government of India introduced several changes in the policies of the country.


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a

True

b

False  

answer is A.

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Detailed Solution

The given statement is true.
After independence, the government of our country decided to introduce various trade barriers such as quotas, tariffs, and import substitution. It was to provide a protective environment for the new industries and businesses. In 1991, the government of India decided that the competition would be good for the local producers. Due to this, the policies implementing liberalisation, globalisation, and privatisation were introduced in 1991.
 
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