Economic Reforms
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.
One-liners from this chapter
Free sample — 8 of 87 rapid-fire Q&A cards.
What is 24 July 1991?
is universally summarised as LPG: Liberalisation, Privatisation, Globalisation.
What is Statement on Industrial Policy of 24 July 1991?
is the single most important policy document of the reform era.
1990-91 — Peak Customs Duty / Average Customs Duty?
Peak Customs Duty: ~ 355 %; Average Customs Duty: ~ 87 %
1995-96 — Peak Customs Duty / Average Customs Duty?
Peak Customs Duty: 50 %; Average Customs Duty: ~ 27 %
2000-01 — Peak Customs Duty / Average Customs Duty?
Peak Customs Duty: 38 %; Average Customs Duty: ~ 22 %
2007-08 — Peak Customs Duty / Average Customs Duty?
Peak Customs Duty: 10 %; Average Customs Duty: ~ 10 %
2024-25 — Peak Customs Duty / Average Customs Duty?
Peak Customs Duty: ~ 11-12 % (non-agri peak); Average Customs Duty: ~ 8-10 %
What is IBC 2016?
is widely regarded as the single most impactful financial-sector reform of the post-GST era.
MCQ practice tests
Chapter-wise mock tests with instant scoring.
PDF study notes
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