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What was a key change introduced in agriculture as part of the 1991 economic reforms?

ASubsidies were increased significantly.

BAll agricultural lands were nationalised.

CTraditional farming methods were mandated.

DRestrictions on exports of agricultural products were reduced.

Answer:

D. Restrictions on exports of agricultural products were reduced.

Read Explanation:

During the period of the 1991 economic reforms, Restrictions on exports of agricultural products were reduced. Liberalization entails the removal of governmental limitations on private individual activity. Privatization refers to the transition of a business, industry, or service from public to private ownership and management. Globalization is the flow of products, services, capital, and labor across international borders

Related Questions:

What benefits has globalization brought to rural areas in India?

  1. Extension of internet facilities and infrastructure has led to rural development and inclusive growth.
  2. Increased investments in rural areas have enhanced agricultural productivity and income.
  3. Globalization has accelerated the integration of rural communities into global value chains

    How has globalization affected technological advancements globally?

    1. It has promoted the diffusion of technology and knowledge across borders.
    2. It has led to the concentration of technological advancements in developed countries.
    3. It has encouraged the imposition of technological barriers and restrictions among countries.
    4. It has resulted in the displacement of certain traditional technologies by global alternatives.
      ഇന്ത്യയിൽ സാമ്പത്തിക ഉദാരവല്ക്കരണം ആരംഭിച്ച വർഷം ?

      Which of the following statements accurately describe the impact of globalization on the global economy?

      1. Increased international trade and financial flows have led to greater economic interconnectedness between countries.
      2. Globalization has uniformly reduced economic inequality and poverty worldwide, leading to a more equitable distribution of wealth.
      3. Globalization has consistently promoted the preservation of cultural diversity and heritage, reinforcing local traditions and customs.
      4. Globalization has had minimal environmental impact, as advancements in technology have helped reduce carbon emissions and promote sustainable practices globally.

        ചുവടെ കൊടുത്തിട്ടുള്ള പ്രസ്താവനകളിൽ ഉദാരവൽക്കരണത്തിന്റെ ഫലമായുള്ള മാറ്റത്തിൽ പെടുന്നവ ഏവ ?

        1) വ്യവസായങ്ങൾ തുടങ്ങാനുള്ള നിയന്ത്രണങ്ങൾ ലഘൂകരിച്ചു.

        2) കമ്പോളനിയന്ത്രണങ്ങൾ പിൻവലിച്ചു.

        3) കൂടുതൽ മേഖലകളിൽ വിദേശനിക്ഷേപം അനുവദിച്ചു.

        4) ഇറക്കുമതിച്ചുങ്കവും നികുതികളും കൂട്ടി.