Question : The 1991 economic policy led to the deregulation of which sector in India?
Option 1: Energy
Option 2: Transportation
Option 3: Agriculture
Option 4: Education
Correct Answer: Energy
Solution : The correct answer is (a) Energy
The 1991 economic policy in India led to the deregulation of the energy sector. Prior to the reforms, the energy sector in India was heavily regulated and controlled by the government. The government had a monopoly over the production, distribution, and pricing of energy resources such as electricity, oil, and gas.
As part of the economic reforms, the government introduced measures to liberalize and deregulate the energy sector. This involved reducing government control, promoting competition, and attracting private investments in the sector.
The deregulation of the energy sector aimed to introduce market-oriented reforms, increase efficiency, and improve the availability and reliability of energy resources. It allowed for the entry of private companies into the energy market, which facilitated competition and innovation.
Related Questions
Know More about
Trending Articles/News
