Economics · Economic Reforms
The 'Licence Raj' system in India, which severely constrained the private sector, was officially dismantled following which major event?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Implementation of the Goods and Services Tax (GST) in 2017
- 2Economic Reforms of 1991 (LPG Reforms)✓
- 3Nationalisation of banks in 1969
- 4Establishment of the Planning Commission in 1950
Correct answer
Economic Reforms of 1991 (LPG Reforms)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economic Reforms MCQs →Want more practice questions on Economic Reforms?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economic Reforms