Which among the following was the primary outcome of the liberalization and privatization initiatives under the New Economic Policy (NEP) in 1991?
Fiscal policy reforms
While liberalization, privatization, and globalization were integral components of the NEP 1991, fiscal policy reforms can be considered a primary outcome, particularly in the context of addressing the immediate economic crisis. Therefore, focusing on the immediate stabilization needs and the foundational role it played in enabling other reforms, fiscal policy reforms emerge as a crucial, primary outcome of the NEP 1991.
Similar Questions
In which of the following type of economies, resources are owned privately and the main objective behind economic activities is profit-making ?
The sum of the monetary value of all final goods and services produced across all sectors within a country during a specific year is referred to as :
Important Questions from National Income Accounting
- The ratio of nominal to real Gross Domestic Product is called :
Consider the following statements:
1. Statistics day is celebrated every year on 29th July.
2. National Statistical Commission was set up in 2004.
3. The base year of Consumer Price Index (Rural) is same as that of Consumer Price Index (Urban) i.e. 2012 = 100.
Which of the above statements is/are false?- The value of the gross investment in order to accommodate regular wear and tear of capital is called:
- In India, National Income is computed by:
- As per Ministry of Statistics and Programme Implementation, which state of India has the highest per capita income for 2018-19?
