Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Three Heads of NEP
The government's reform policies under NEP fall under three heads:
- Agriculture, Industry and Services
- Liberalisation, Privatisation and Globalisation — Correct Answer
- Taxation, Banking and Trade
- Import, Export and Investment
Explanation:
Correct Answer Explanation
The three heads are: Liberalisation, Privatisation, and Globalisation (LPG).
Key Points:
- Liberalisation: Removing restrictions and opening various sectors.
- Privatisation: Shedding government ownership/management of enterprises.
- Globalisation: Integration of India's economy with the world economy.
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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.
