11 previous year UPSC Prelims questions on Indian Economy in the UPSC 1997 Prelims. Choose an option to see the answer and explanation.
Explanations state facts as of the year each question was asked; words like “recently” refer to that year.
Showing 11–11 of 11 questions
Browse Indian Economy chapters
UPSC 1997Indian Economy · Important Concepts in Economy
Q11. Match List-I with List-II and select the correct answer.
List-I (Committee)
List-II (Chaired by)
A. Disinvestment of shares in Public Sector Enterprises
1. Rajah Chelliah
B. Industrial Sickness
2. Omkar Goswami
C. Tax Reforms
3. R.N. Malhotra
D. Reforms in Insurance Sector
4. C. Rangarajan
Explanation
A is matched with 4: Dr. C. Rangarajan headed the Disinvestment Commission in the 1990s, which was tasked with recommending strategies for the disinvestment of shares in Public Sector Enterprises (PSEs) to improve efficiency and reduce the fiscal burden on the government. B is matched with 2: The Omkar Goswami Committee was formed to examine the issue of industrial sickness and suggest measures for the revival of sick industries. It focused on identifying the causes of industrial sickness and recommending policy interventions. C is matched with 1: Dr. Raja Chelliah chaired the Tax Re-forms Committee in the early 1990s, which laid the foundation for India’s tax reforms. The committee recommended simplifying the tax structure, broadening the tax base, and reducing tax rates to promote economic growth. D is matched with 3: The R.N. Malhotra Committee was constituted in 1993 to recommend reforms in the insurance sector. Its recommendations led to the opening up of the insurance sector to private players and the establishment of the Insurance Regulatory and Development Authority (IRDA).
Answer key for these questions
Q
UPSC year
Correct answer
11
1997
(b) A-4, B-2, C-1, D -3
Frequently asked questions
How many previous year UPSC questions are there on Indian Economy?
This page covers 11 previous year UPSC Prelims GS Paper-I questions on Indian Economy in the UPSC 1997 Prelims, asked from 1996 to 2025. Each has the correct answer and an explanation.
How should I use previous year UPSC questions for Prelims?
Attempt each question first, then open the answer and read the explanation for every option. Repeat by chapter, and track which statements UPSC reuses across years. Previous year questions show the exam pattern and difficulty level.
Which years are covered for Indian Economy?
Questions on Indian Economy in the UPSC 1997 Prelims are available for 30 years, from 1996 to 2025. Use the Year filter to practise a single paper.
