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Question : What was a key economic reform introduced in the 1990s that was influenced by the rise of new economic interests during the era of planned development?

 

Option 1: Nationalization of banks

Option 2: Liberalization of trade policies

Option 3: Introduction of Goods and Services Tax (GST)

Option 4: Abolition of industrial licensing


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Abolition of industrial licensing


Solution : A key economic reform introduced in the 1990s, influenced by the rise of new economic interests during the era of planned development, was the abolition of industrial licensing, which aimed to reduce government control and promote private investment.

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