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WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 170 of 200

Q170
Indian EconomyPlanning, Economic Reforms & Policy
Which of the following was an argument in favour of globalisation in 1991?
  1. a.Promotion of Foreign Direct Investment
  2. b.Boosting Agricultural Growth
  3. c.Alleviation of Poverty
  4. d.Promotion of Indigenous Technology

Answer: (A) Promotion of Foreign Direct Investment

A main argument for opening the economy in 1991 was to attract foreign direct investment, bringing in capital, technology and foreign exchange during the balance-of-payments crisis. Boosting agriculture, poverty alleviation or indigenous technology were not the central arguments for globalisation.

Q169 Whole paperQ171