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 policy was introduced to support private industries as part of the industrial reforms in 1991?
ഇന്ത്യൻ സമ്പദ്‌വ്യവസ്ഥയെ ലോക സമ്പദ്‌വ്യവസ്ഥയുമായി സമന്വയിപ്പിന്നതിനെ എന്ത് പറയുന്നു ?
ഇന്ത്യയിൽ പുത്തൻ സാമ്പത്തിക നയം നടപ്പിലാക്കിയപ്പോൾ ധനകാര്യ മന്ത്രി ആരായിരുന്നു ?

How has globalization affected labor markets worldwide?

  1. It has contributed to the displacement of jobs in some sectors due to outsourcing and automation.
  2. It has increased the outsourcing and offshoring practices across various industries.
  3. It has intensified competition for jobs globally, leading to wage stagnation in some sectors
    Which of the following is a criticism of economic liberalization in India?