SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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None of these
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None of the above
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Detailed explanation-1: -It is false since the economic reforms that happened in 1991 in India focused on the offering of economic liberties for the boost up of the nation. Explanation: From the year of 1991, a boost happened in the economic conditions of India due to the development of large number of public and private sectors.
Detailed explanation-2: -New Industrial Policy, 1991. The New Industrial Policy, 1991 had the main objective of providing facilities to market forces and to increase efficiency. The government allowed Domestic firms to import better technology to improve efficiency and to have access to better technology.
Detailed explanation-3: -Panned economy is not the main feature of economic reforms. New economic policy was adopted by the Government of India in the year of 1991.