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    Question

    Match the following pairs regarding major economic

    policy landmarks in India : Which of the following is correctly matched ?
    A AтАУ1, BтАУ2, CтАУ3, DтАУ4, EтАУ5 Correct Answer Incorrect Answer
    B AтАУ1, BтАУ2, CтАУ3, DтАУ4, EтАУ5 Correct Answer Incorrect Answer
    C AтАУ3, BтАУ4, CтАУ5, DтАУ1, EтАУ2 Correct Answer Incorrect Answer
    D AтАУ4, BтАУ5, CтАУ2, DтАУ3, EтАУ1 Correct Answer Incorrect Answer
    E AтАУ4, BтАУ5, CтАУ2, DтАУ3, EтАУ1 Correct Answer Incorrect Answer

    Solution

    Explanation: тАвThe 1956 IPR gave the public sector control of тАЬcommanding heights.тАЭ тАвThe 1991 policy opened industry to private and foreign participation. тАвFEMA 1999 liberalized forex management (replacing FERA). тАвNMP 2011 promoted manufacturing zones and job creation. тАвNarasimham I (1991) laid down banking reform blueprints (capital adequacy, autonomy, NPA norms).

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