All Exams Test series for 1 year @ ₹349 only
Question

In relation to Economic Reforms since 1991, New Industrial Policy was announced in:

This question was previously asked in
SSC CGL 2023 (Tier-II) Paper 1 Previous Year Paper (26-Oct-2023) (Shift-1)
The correct answer is

July 1991

The correct answer is option 3. The New Industrial Policy was announced in July 1991, marking a significant shift towards liberalization and economic reforms in India. This policy included measures such as reducing restrictions on private industry and encouraging foreign investment.

Was this answer helpful?

Important Questions from Business and Economy

  1. To which Japanese automobile company, India has become the top global market both in terms of volumes as well as revenues?

  2. Which among the following industries generates invisible exports?

  3. In Union Budget 2019, the government eased ______ to encourage start-ups in the country.

  4. With reference to the characteristics of a perfectly competitive market, which of the following statements is correct?

    ।. There are a large number of buyers and sellers in the market.

    II. Firms have free entry and exit in the market.

  5. Which of the following is an example of an indirect tax?

Need Expert Advice?
Upcoming Exams
SSC CGL
September 30, 2026
UPSSSC PET
October 23, 2026
Test Series
SSC CGL img
SSC
SSC CGL (Tier I + Tier II) 2026 Mock Test Series - Latest Pattern
2503 Tests 6 Tests Free
5389 Attempts
4.2(868)
English, Hindi

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App