Considering the concept of "New industrial Policy, 1991", the reforms adopted was/were :

(A) Globalization

(B) Liberalisation

(C) Demonetisation

(D) Privatisation

(E) Reinvestment

Choose the correct answer from the options given below :

(A), (B) and (D) only

The correct answer is option (3) : (A), (B) and (D) only

Globalization (A): This reform aimed to open up the Indian economy to the global market. It involved reducing trade barriers, encouraging foreign investments, and increasing international trade. The policy allowed for the import and export of goods and services on a larger scale and promoted economic integration with the rest of the world.

Liberalization (B): The liberalization aspect of the policy involved reducing government control and restrictions on various sectors of the economy. It aimed to reduce the role of the public sector and promote private enterprise. This was done by easing regulations and making it easier for private companies to operate, invest, and grow in the Indian market.

Privatization (D): Privatization refers to the transfer of ownership and control of state-owned enterprises to the private sector. The 1991 policy included plans to divest government-owned companies and allow private players to take over and manage them. This was intended to increase efficiency and competitiveness in various industries.

Options (C) "Demonetization" and (E) "Reinvestment" were not part of the reforms introduced in the New Industrial Policy of 1991. "Demonetization" typically refers to the removal of a specific currency from circulation, which is a different economic policy. "Reinvestment" is a general financial concept and not a specific reform associated with this policy.