Which of the following were short-term measures in the NEP?

Structural reform measures

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Stabilisation measures

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Both A and B

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None

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Solution

The correct option is B Stabilisation measures
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. Stabilisation measures are short term measures, on the other hand, structural reform policies are long-term measures.

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Why are stabilisation measures also referred to as 'macroeconomic stabilisation measures'?

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