CBSE · Class 11 · Business Studies · Private, Public and Global EnterprisesWhich policy introduced the concepts of liberalization, privatization, and globalization in India?
Step-by-Step Solution
The Industrial Policy of 1991 introduced major economic reforms in India, notably Liberalization, Privatization, and Globalization (LPG), reducing the role of the public sector.
Detailed Options Breakdown
Option : Industrial Policy of 1948
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Private, Public and Global Enterprises.
Option 1: Industrial Policy Resolution of 1956
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Private, Public and Global Enterprises.
Option 2: New Industrial Policy of 1991 (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Industrial Policy of 1977
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Private, Public and Global Enterprises.
💡 Study Guide: This question tests core syllabus concepts from Private, Public and Global Enterprises. For formulas, key summaries, and mock exam reference guides, read the full Private, Public and Global Enterprises Revision Notes.