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    Question

    Match the following pairs regarding major economic

    policy landmarks in India : Which of the following is correctly matched ?
    A A–1, B–2, C–3, D–4, E–5 Correct Answer Incorrect Answer
    B A–1, B–2, C–3, D–4, E–5 Correct Answer Incorrect Answer
    C A–3, B–4, C–5, D–1, E–2 Correct Answer Incorrect Answer
    D A–4, B–5, C–2, D–3, E–1 Correct Answer Incorrect Answer
    E A–4, B–5, C–2, D–3, E–1 Correct Answer Incorrect Answer

    Solution

    Explanation: •The 1956 IPR gave the public sector control of “commanding heights.” •The 1991 policy opened industry to private and foreign participation. •FEMA 1999 liberalized forex management (replacing FERA). •NMP 2011 promoted manufacturing zones and job creation. •Narasimham I (1991) laid down banking reform blueprints (capital adequacy, autonomy, NPA norms).

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