Question

On 24th July, 1991 an India's New Economic Policy was

Q: Answer-On 24th July, 1991 an India's New Economic Policy was introduced known as the LPG, in which L stands...

LPG stands for Liberalization, Privatization and Globalization. It was introduced on 24th July, 1991. Liberalization ensures a relaxation from severely strict laws and rules of government. Privatization is the complete transfer of roles and operations of publicly owned means to private ownership. Globalization is the next step forward to increase the network of trade and culture interconnecting the whole of the world.

introduced known as the LPG, in which L stands for?

A Liberty

B Liberalization

C License

D Loyalty

E None of these

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On 24th July, 1991 an India's New Economic Policy was

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