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Question

Which of the following is NOT a part of the trade and investment policy reforms initiated under the New Economic Policy reforms in 1991?

This question was previously asked in
SSC CGL 2019 (Tier 2) GS Finance & Economics Previous Year Paper (17-Nov-2020)
The correct answer is

Imposing high tariffs

The 1991 reforms aimed to liberalize the economy. They included reducing tariffs, not increasing them. High tariffs were prevalent before the reforms. The correct answer is "Imposing high tariffs" as it contradicts the spirit of liberalization.

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