Civil service quizzes

 Economic reforms in India refer to a series of policies and measures undertaken by the government of India to liberalize and open up the Indian economy to foreign investment and competition. These reforms began in 1991 and have continued in various forms since then. Some key measures taken as part of these reforms include the liberalization of foreign trade and investment policies, the reduction of government regulations and controls, the privatisation of state-owned enterprises, and the implementation of structural reforms to improve the functioning of the financial sector. These reforms have led to significant economic growth in India, but have also been accompanied by some challenges and criticisms. he economic reforms in India began in 1991 in response to a balance of payments crisis. The government of India, led by Prime Minister Narasimha Rao and Finance Minister Manmohan Singh, implemented a series of measures to stabilize the economy and stimulate growth. These m...

  National income is a measure of the total economic activity in a country, typically measured as the total value of goods and services produced within a given period (usually a year). There are three different ways to measure national income: gross domestic product (GDP), gross national product (GNP), and net national income (NNI). Gross domestic product (GDP) is the most widely used measure of national income. It is the value of all goods and services produced within a country's borders in a given period of time (usually a year), regardless of the nationality of the producer. GDP is used to measure the size and growth of a country's economy. Gross national product (GNP) is similar to GDP, but it includes the net income that residents of a country receive from abroad. This includes income from investments and other activities in foreign countries. GNP is used to measure the economic well-being of a country's residents. Net national income (NNI) is equal to GNP minus the de...