wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Structural reform measures were intended to ______.

A
improve efficiency of the economy
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
increase international competitiveness
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
remove rigidity in various segments of economy
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
all of the above
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
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. This set of policies can broadly be classified into two groups: the stabilisation measures and the structural reform measures. Structural reform policies are long-term measures, aimed at improving the efficiency of the economy and increasing its international competitiveness by removing the rigidities in various segments of the Indian economy.

flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Paradigm Shift
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon