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Question

LPG reforms were adopted in ____ 5 year plan

A
10th
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B
8th
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Solution

The correct option is B 8th
India's New Economic Policy(NEP) was announced on July 24, 1991 known as the LPG or Liberalisation, Privatisation and Globalisation (LPG) model.

It was the beginning of LPG in India. Modernization of industries was a major highlight of the Eighth 5 year plan.

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