Which of the following is NOT a feature of the New Economic Policy adopted by India in 1991?

Nationalization

The correct answer is option 4- Nationalization.

Nationalization is not a feature of new economic policy 1991.

As a part of economic reforms, the Government of India announced a new industrial policy in July 1991 which sought to liberate the industry from the shackles of the licensing system (liberalisation), drastically reduce the role of the public sector (privatisation) and encourage foreign private participation in industrial development (globalisation).

Thus, nationalisation is not a feature of new economic policy 1991.