MPSC PYQ

LPG Policy

LPG Policy is a Economy concept from the MPSC syllabus, tested in 2 past MPSC questions (2017, 2023). Below are those real questions with their correct answers and explanations, plus the concepts worth being comfortable with first.

Real questions
2
Years tested
2 · 2017–2023
In context
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What you need to know first

Basic understanding of 1991 reforms

Real questions that test this

जुलै 1991 पासून अर्थव्यवस्थेतील पुरवठा बाजू सुधारण्यासाठी व्यापक उदारीकरणाचे उपाय लागू केले जात आहेत. यातील अधिक महत्त्वाचे आहेत : Since July 1991, comprehensive liberalization measures have been undertaken to improve the supply side of the economy. Among these the more important are :

(a)अ. व्यापार आणि भांडवल प्रवाह सुधारणा / a. Trade and capital flows reforms

(b)ब. औद्योगिक विनियंत्रण / b. Industrial deregulation

(c)क. निर्गुंतवणूक आणि सार्वजनिक उद्योग सुधारणा / c. Disinvestment and Public Enterprises Reforms

(d)ड. वित्तीय क्षेत्र सुधारणा / d. Financial sector reforms

1)(1) अ आणि ब / (1) a and b
2)(2) क आणि ड / (2) c and d
3)(3) अ, ब आणि क / (3) a, b and c
4)(4) अ, ब, क आणि ड / (4) a, b, c and d✓ Correct

The 1991 economic reforms introduced structural and stabilization measures including trade and capital flows reforms, industrial deregulation, disinvestment, public enterprise reforms, and financial sector reforms to boost the supply side.

एल.पी.जी. चा अन्वयार्थ काय ? LPG stands for

1)लिक्विडिटी, प्रॉफिटॅबिलिटी अँड ग्रोथ / Liquidity, Profitability and Growth
2)लिबरलायझेशन, प्रायव्हटायझेशन अँड ग्रोथ / Liberalisation, Privatisation and Growth
3)लिबरलायझेशन, प्रायव्हटायझेशन अँड ग्लोबलायझेशन / Liberalisation, Privatisation and Globalisation✓ Correct
4)वरीलपैकी एकही नाही / None of the above

In the context of India's 1991 economic reforms, LPG stands for Liberalisation, Privatisation, and Globalisation.

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