Question : What was the main focus of the New Economic Policy introduced in India in 1991?
Option 1: Liberalization of the economy
Option 2: Promotion of small scale industries
Option 3: Nationalization of banks
Option 4: Strengthening of public sector units
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Answer (1)
24th Jan, 2024
Correct Answer: Liberalization of the economy
Solution : The New Economic Policy of 1991 focused on liberalizing the Indian economy by reducing government control over various sectors and encouraging foreign investment and privatization.
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