Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Which of the following is the feature of "Structural reforms" of New Economic Policy, in year 1991?

Options:

Long-term measures

Increasing international competitiveness

Removing rigidities in various segments of Indian economy

All of the above

Correct Answer:

All of the above

Explanation:

Structural reform policies were long-term measures, aimed at improving the efficiency of the economy and increasing its international competitiveness by removing the rigidities in various segments of the Indian economy. The government initiated a variety of policies which fall under three heads i.e. liberalisation, privatisation and globalisation.