Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Stabilisation vs Structural Reforms
Stabilisation measures under NEP are:
- Long-term measures to improve efficiency
- Short-term measures to correct balance of payments and control inflation — Correct Answer
- Measures to promote agriculture only
- Measures to increase government expenditure
Explanation:
Correct Answer Explanation
Stabilisation measures are short-term measures intended to correct weaknesses in the balance of payments and bring inflation under control.
Key Points:
- Maintain sufficient foreign exchange reserves.
- Keep rising prices under control.
- Structural reforms are long-term, aimed at improving efficiency and international competitiveness.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
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.
