NCERT · Class 11 · Economics · Liberalisation, Privatisation and GlobalisationWhich of the following is a component of the New Economic Policy of 1991?
Step-by-Step Solution
Liberalisation, Privatisation, and Globalisation (LPG) are the three main components of the New Economic Policy introduced in India in 1991.
Detailed Options Breakdown
Option : Only Liberalisation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 1: Only Privatisation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 2: Only Globalisation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 3: Liberalisation, Privatisation and Globalisation (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
💡 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.