12th Class Economics Liberalisation, Privatisation and Globalisation Question Bank Case Based MCQs - Liberalisation, Privatisation and Globalisation

  • question_answer
    The new economic policy of 1991 in context of Indian economy implies

    A) liberating trade and industry from controls and restrictions

    B) greater role of private sector in the functioning of an economy

    C) shifting from closed economy to an open economy model

    D) All of the above

    Correct Answer: D

    Solution :

    The new economic policy 1991 is based on three major principles: liberalisation, privatisation and globalisation.


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