The correct option is D all of the aboveIndia agreed to the conditionalities #160;of World Bank and IMF and #160;announced the New Economic Policy #160;( ...

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Economic Environment

NEP consisted...

Question

NEP consisted of ___________.

liberalisation

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privatisation

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globalisation

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all of the above

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Solution

The correct option is D all of the above
India agreed to the conditionalities of World Bank and IMF and announced the New Economic Policy (NEP). The NEP consisted of wide ranging economic reforms. The government initiated a variety of policies which fall under three heads viz., liberalisation, privatisation and globalisation.

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