BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following was not one of the reasons for introducing New Economic Policy?
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Increasing fiscal policy
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Fall in price level
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Gulf Crisis
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Poor performance of public sector
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Explanation:
Detailed explanation-1: -Detailed Solution. The correct answer is Centralization.
Detailed explanation-2: -The five main reasons for adopting the New Economic Policy of 1991 in India are Debt Trap, Minimum Foreign Exchange Reserves, High Fiscal Deficit, Rise in Inflation Rate and shrinking of International Trade.
Detailed explanation-3: -Panned economy is not the main feature of economic reforms.
There is 1 question to complete.