CA Foundation P4 · Chapter 10 · Question 1 of 15
The economic reforms introduced in India in 1991 are popularly summarised as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Liberalisation, Privatisation and Globalisation
Explanation
The New Economic Policy of 1991 aimed at liberalising controls, increasing the role of the private sector (privatisation) and integrating the Indian economy with the world economy (globalisation). Licensing and import substitution characterised the pre-1991 regime.
More Indian Economy MCQs
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- Q5Which of the following best describes the role of NITI Aayog?
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