Home › UP Board Class 10 › socialscience › c10globalisation › The 1991 economic reforms in India are commonly …
The 1991 economic reforms in India are commonly known as the LPG reforms, where LPG stands for:
ALocal, Public, Government reforms in industries
BLiberalisation, Privatisation, Globalisation reforms
CLand, Power, Gold redistribution programmes
DLoans, Pensions, Grants for the poor sectors
Answer & Solution
Correct answer: B. Liberalisation, Privatisation, Globalisation reforms
LPG = Liberalisation (lower tariffs, fewer barriers), Privatisation (selling PSU stakes), Globalisation (integrating with world markets). Launched in 1991 by P V Narasimha Rao + Manmohan Singh.
Related questions
Tata Motors purchasing Jaguar Land Rover (UK) is an example of:A SMALL Indian toy-maker who shut his factory after imported Chinese toys flooded the markThe World Trade Organisation (WTO) was founded in:A TARIFF is best described as:The chapter defines GLOBALISATION as the rapid integration across countries of:When Indian rice is exported to Saudi Arabia AND Thai rice is imported into India, the chaA MULTINATIONAL CORPORATION (MNC) is best defined as a company that: