NCERT · Class 11 · Economics · Liberalisation, Privatisation and GlobalisationIn which year was the New Economic Policy (NEP) introduced in India?
Step-by-Step Solution
The New Economic Policy (NEP) was introduced in India in the year 1991 to overcome the severe balance of payments crisis and to initiate structural economic reforms.
Detailed Options Breakdown
Option : 1985
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 1: 1991 (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: 1995
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 3: 2000
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
💡 Study Guide: This question tests core syllabus concepts from Liberalisation, Privatisation and Globalisation. For formulas, key summaries, and mock exam reference guides, read the full Liberalisation, Privatisation and Globalisation Revision Notes.