Reforms bingo

Exercise and reference answers

Clues and terms

1. Clue

   Reforms announced in 1991.

   Item

   NEP

2. Clue

   Short-term fix for BoP and inflation.

   Item

   Stabilise

3. Clue

   Long-term efficiency reforms.

   Item

   Structural

4. Clue

   One nation, one tax, from July 2017.

   Item

   GST

5. Clue

   On incomes and profits.

   Item

   Direct tax

6. Clue

   Rupee cut in 1991 to fix BoP.

   Item

   Devaluation

7. Clue

   Selling PSE equity to the public.

   Item

   Disinvest

8. Clue

   Top PSE status; Indian Oil, SAIL.

   Item

   Maharatna

9. Clue

   Foreign funds investing in Indian markets.

   Item

   FII

Instructions

Read each clue and tap the term it describes.

Explanation