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    Question

    Which of the following statements is INCORRECT in the

    context of the Economic Reforms of 1991?
    A Liberalisation, Privatisation and Globalisation fall under the structural measures and not stabilisation. Correct Answer Incorrect Answer
    B To resolve the balance of payments crisis, the rupee was devalued against foreign currencies. Correct Answer Incorrect Answer
    C Policies under the New Economic Policy can broadly be classified into stabilisation and the structural reform measures. Correct Answer Incorrect Answer
    D India announced the New Economic Policy consisting of a wide range of economic reforms. Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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