Question

Q22. The New Economic Policy (NEP) of 1991 is also called as

i) L.P.G programme

ii) Structural adjustment programme

iii) Economical Readjustment programme

iv) Quick Recovery Programme

Choose the correct answer

• A. a) i, only
• B. b) i, and ii only
• C. c) All the above
• D. d) None of the above

Answer 1

The correct option is B

b) i, and ii only

Ans. B

The new economic policy of 1991 started the process of liberalization, privatization and Globalization of Indian Economy

Steps were taken to change the structure of Indian Economy which was faulty and less than effective