7 Views

Question : The New Economic Policy of 1991 aimed at achieving which of the following?

Option 1: Faster economic growth

Option 2: Reduction in poverty

Option 3: Attracting foreign investment

Option 4: All of the above


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: All of the above


Solution : The correct answer is (d) All of the above.

The New Economic Policy of 1991 was a set of economic reforms aimed at liberalizing the Indian economy and making it more market-oriented. The reforms were designed to achieve three main objectives:

Faster economic growth:The reforms were intended to boost economic growth by reducing government controls and regulations, and by encouraging private investment.

Reduction in poverty: The reforms were also expected to reduce poverty by stimulating economic growth and creating new jobs.

Attracting foreign investment: The reforms were designed to attract foreign investment, which would help to finance economic growth and create new jobs.

The reforms were successful in achieving all three of these objectives. Economic growth in India accelerated in the years following the reforms, and poverty rates fell. Foreign investment also increased significantly.

Related Questions

Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
TAPMI MBA 2025 | Technology M...
Apply
MBA Admission Open in Technology Management and AI & Data Science | NAAC A++ | Institution of Eminence | Assured Scholarships
Sanskriti University LLM Admi...
Apply
Best innovation and research-driven university of Uttar Pradesh
Maya Devi University LLM admi...
Apply
43.6 LPA Highest Package | 5.48 LPA Average Package | 150+ Courses in UG, PG, Ph.D
Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Extended Application Deadline: 10th Feb 2024
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books