Question

Which of the following are post-liberalisation developments in India?
[(A)] Ikea store in Hyderabad
[(B)] ICICI-Lombard selling insurance
[(C)] HYV seeds
[(D)] MTV
Choose the correct answer from the options given below:

• A. (A), (B) and (D) only
• B. (A), (B) and (C) only
• C. (A), (C) and (D) only
• D. (B), (C) and (D) only

Answer 1

The Correct Option is A

The question asks to identify developments in India that occurred post-liberalization, which refers to the period after 1991 when India introduced significant economic reforms to open up its economy to global markets. Let's analyze each option:  

• (A) Ikea store in Hyderabad: Ikea, a global furniture retailer, opened its first store in India in Hyderabad in 2018. This is clearly a post-liberalization development as it occurred decades after the economic reforms.
• (B) ICICI-Lombard selling insurance: ICICI-Lombard, a leading general insurance company, was established after the liberalization period as India's insurance sector was opened up to private players in 2000. Hence, this is another post-liberalization development.
• (C) HYV seeds: High Yielding Variety (HYV) seeds were introduced during the Green Revolution in the 1960s, which predates the economic liberalization of 1991, making this option not a post-liberalization development.
• (D) MTV: MTV, an international music television channel, began its Indian operations in the early 1990s, following the liberalization when the market was opened to foreign entertainment channels. Thus, this is a post-liberalization development.

The correct answer is combinations of options that include post-liberalization developments: (A), (B), and (D).

The correct combination of post-liberalization developments is: (A), (B), and (D) only.

Answer 2

Post-liberalisation developments in India refer to the changes that took place after the 1991 economic reforms. These reforms included liberalisation, privatisation, and globalisation, which opened up the Indian economy to foreign investments, international trade, and private sector growth. The developments in the list that align with post-liberalisation trends are:

(A) Ikea store in Hyderabad: This represents a foreign direct investment (FDI) in India and the entry of multinational corporations into the Indian market after liberalisation.

(B) ICICI-Lombard selling insurance: This is an example of the financial sector opening up post-liberalisation, where private players like ICICI entered into the insurance market, which was previously dominated by state-owned companies.

(D) MTV: The arrival of MTV in India, with its focus on youth culture, music, and entertainment, marks the influence of globalisation and liberalisation on Indian television and media after 1991.

However:

(C) HYV seeds: The use of HYV (High-Yielding Variety) seeds started in the 1960s, during the Green Revolution, and was not a development directly tied to post-liberalisation India. It predates the 1991 economic reforms.

Thus, the correct answer is (A): (A), (B) and (D) only.