CA Foundation · Paper 4 · 90 Questions · 3 Levels
Direct recall: Pre-British India, colonial impact on agriculture and industry, Hindu growth rate, Green Revolution, Bank nationalisation, 1991 crisis triggers, LPG reforms, SEBI, NITI Aayog, primary/secondary/tertiary sector facts, key government schemes (PM-KISAN, MSP, PLI, GST).
Applied: early reforms of 1980s, fiscal/monetary/trade/industrial policy reforms of 1991, discriminatory tariff policy under British, zamindari system consequences, license-raj and MRTP Act, Planning Commission vs NITI Aayog, GDP growth post-1991, FDI inflows, services sector uniqueness, PLI and Make in India details.
Analytical: Statement I/II type, cause-effect chains (colonial policy to agricultural collapse), why 1965-81 was worst period, reform sequencing, Nehruvian vs Gandhian philosophy contrast, MODVAT to GST journey, India bypassing secondary sector, NITI Aayog limitations, real-world Indian company scenarios (Reliance, Tata, Infosys, SAIL).
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