GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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New economic policy was announced in the year
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1990
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1991
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1992
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1993
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Explanation:
Detailed explanation-1: -The New Economic Policy (NEP 1991) refers to economic liberalisation or relaxation in the import tariffs, deregulation of markets or opening the markets for private and foreign players, and reduction of taxes to expand the economic wings of the country.
Detailed explanation-2: -The correct option is A 1991. The New Economic Policy was initiated in 1991 by the government of India.
Detailed explanation-3: -P V Narasimha Rao was the Prime Minister of India when the New Economic Policy of 1991 was introduced. Dr. Manmohan Singh was the Finance Minister.
There is 1 question to complete.