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The 1991 New Economic Policy of India is associated with the three processes of:
Aliberalisation, privatisation and globalisation
Bnationalisation, taxation and tariffs
Cdemonetisation, audit and licensing
Dcentralisation, planning and control
Answer & Solution
Correct answer: A. liberalisation, privatisation and globalisation
The 1991 reforms brought liberalisation, privatisation and globalisation (LPG).
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