310
Question
LPG stands for ___________.
LPG stands for ___________.
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Solution
The correct option is A Liberalization, Privatization, Globalization
Since 1991, Government of India has introduced diverse economic reforms
to pull the country out of economic crisis and to accelerate the ratio
of growth. These reforms are often described as the New Economic Policy
or the policy of LPG.
These reforms hinge upon:The policy of liberalisation ( L ) in place of Licensing for the industries and trade.The policy of privatisation (P) in place of quotas for the industrialists.
The policy of globalisation (G) in place of Permits for export and import
Since 1991, Government of India has introduced diverse economic reforms to pull the country out of economic crisis and to accelerate the ratio of growth. These reforms are often described as the New Economic Policy or the policy of LPG.
These reforms hinge upon:
The policy of liberalisation ( L ) in place of Licensing for the industries and trade.
The policy of privatisation (P) in place of quotas for the industrialists.
The policy of globalisation (G) in place of Permits for export and import
The policy of globalisation (G) in place of Permits for export and import
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