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The reforms announced in 1991 are collectively called the:

AIndustrial Policy
BNew Economic Policy
CGreen Revolution
DFive Year Plan
Answer & Solution
Correct answer: B. New Economic Policy
1. India accepted lender conditionalities. 2. Wide ranging reforms followed. 3. They form the New Economic Policy. _Source: syllabus Economics, Indian Economic Development, Chapter 3, Liberalisation, Privatisation and Globalisation._
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