Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
NEP Full Form
NEP in the context of 1991 reforms stands for:
- National Education Policy
- New Economic Policy — Correct Answer
- New Export Programme
- National Employment Plan
Explanation:
Correct Answer Explanation
NEP stands for New Economic Policy, announced after India agreed to World Bank and IMF conditionalities.
Key Points:
- Consisted of wide-ranging economic reforms.
- Thrust: Creating a more competitive environment and removing barriers to entry and growth.
- Two groups of policies: Stabilisation measures (short-term) and Structural reform measures (long-term).
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This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
