What was the vision behind introducing stabilising measures in the " New economic policy", in year 1991?
Answer & explanation
Correct answer: option 2
The "New economic policy" had 2 divisions, out of which one was stabilising measures. They were short-term measures, intended to correct the Balance of Payment position of the country and to bring back inflation under control. Improving the international competitiveness of the firms came under the structural reforms of new economic policy.