MCQ
upsc-p1-economy-reforms-lpg MCQ - Practice Questions with Answers
Solve 2 upsc-p1-economy-reforms-lpg questions for RAS/RPSC preparation.
Practice questions
Q1With reference to judicial review of economic policy, consider the following statements: 1. In BALCO Employees Union v. Union of India, the Supreme Court indicated that courts ordinarily do not substitute their view for the executive's disinvestment policy unless illegality, mala fides or constitutional violation is shown. 2. The post-1991 reform process made economic policy entirely non-justiciable. Which of the statements given above is/are correct?
Statement 1 is correct and Statement 2 is not. BALCO illustrates judicial restraint in policy choice, not the absence of judicial review. Courts may still examine legality, competence, arbitrariness, proportionality and constitutional rights.
Q2Consider the following statements about the constitutional setting of market reforms in India: 1. Article 19(1)(g) gives citizens freedom to practise a profession or carry on an occupation, trade or business. 2. Article 19(6) permits the State to reserve a trade, business, industry or service for itself. 3. Article 301 makes freedom of trade throughout India absolute. 4. Articles 38 and 39 place welfare and anti-concentration considerations alongside market freedom. Select the correct answer using the code given below.
Statements 1, 2 and 4 are correct. Article 19(1)(g) protects citizens' occupational freedom, while Article 19(6) allows reasonable restrictions and State monopoly. Article 301 is not absolute because Articles 302-304 permit constitutionally authorised restrictions. Articles 38 and 39 preserve welfare and anti-concentration limits.
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