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.
B To resolve the balance of payments crisis, the rupee was devalued against foreign currencies.
C Policies under the New Economic Policy can broadly be classified into stabilisation and the structural reform measures.
D India announced the New Economic Policy consisting of a wide range of economic reforms.
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