Question

Which of the following is an argument in favour of new economic policies?

• A. Increase in monopoly
• B. Increase in national income
• C. Increase in income disparity
• D. Increase in environmental pollution

Answer 1

The correct option is B Increase in national income

India introduced the New Economic Policy in 1991. It opened the avenue for various businesses, both domestic and foreign, to operate in India. It helped in increasing production and exports. This led to an increase in employment opportunities. All these factors led to an increase in national income.