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Which three reforms did the New Economic Policy of 1991 focus on to address India's economic crisis?

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Question

Which three reforms did the New Economic Policy of 1991 focus on to address India's economic crisis?

Options

  • Socialism, Nationalization, Secularism

  • Liberalization, Privatization, Globalization

  • Industrialization, Urbanization, Digitization

  • Liberalization, Monetization, Socialization

MCQ
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Solution

Liberalization, Privatization, Globalization

Explanation:

The main focus of NEP 1991 was Liberalization, Privatization, and Globalization (LPG).

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