Question : Which of the following are the parts of stabilization measure of new economic policy?
Option 1: Controlling inflation by keeping the rising prices under control.
Option 2: Improving efficiency of the economy.
Option 3: Increasing international competitiveness by removing the rigidities in various segments of the Indian Economy.
Option 4: All of the above.
Answer (1)
20th Jan, 2024
Correct Answer:
Controlling inflation by keeping the rising prices under control.
Solution : Stabilisation measures involves-
- Controlling inflation by keeping the rising prices under control.
- Controlling weaknesses of the balance of payments by maintaining sufficient foreign exchange reserves.
Structural reform measures involves-
- Improving efficiency of the economy.
- Increasing international competitiveness by removing the rigidities in various segments of the Indian Economy.
Hence, Option A is correct.
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