Challenger App

No.1 PSC Learning App

1M+ Downloads

The main objective of the New Economic Policy (NEP) of India (1991)

  1. i. To bring down poverty and unemployment.
  2. To bring down the rate of inflation and remove imbalances in payment.
  3. To move towards a higher economic growth rate and build sufficient foreign exchangereserves.
  4. To plunge the Indian economy into the arena of Globalization and to give it a newthrust on market orientation.

Which of the above statements are not correct ? 

 

Ai only

Bii, iii and iv

Ci and iii

Di, ii, iii and iv

Answer:

D. i, ii, iii and iv


Related Questions:

Which of the following is/are not a part of structural reforms of New Economic Policy-1991 of India?

  1. Industrial deregulation
  2. Disinvestment and Public sector reforms
  3. Import substitution
  4. Financial sector reforms

    How has globalization impacted the socio-economic landscape of India?

    1. Increased market competition has bolstered domestic industries, promoting economic growth.
    2. The dominance of multinational corporations has led to wider economic inequalities.
    3. Economic liberalization has encouraged the development of small and medium-sized enterprises (SMEs).
    4. The rise of a consumer credit society has enabled individuals to make purchases beyond their means.

      Consider the following statements with regard to Economic Reforms of 1991 :

      1. Rupee was devalued in order to increase exports
      2. Indian rupee was devalued in three stages
        Withdrawal of state from an industry or sector partially or fully is called

        Find out the economic measures adopted by India as a part of liberalization from the following statements:

        i.Relaxation of control in setting up industries

        ii.Reduction of import tariff and tax

        iii.Changes in foreign exchange rules.

        iv.Abolition of market control