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One of the primary goals of the New Economic Policy of 1991 was to control which of the following?

AEnvironmental issues

BInflation

CRegional imbalances

DPopulation growth

Answer:

B. Inflation

Read Explanation:

One of the primary goals of the New Economic Policy (NEP) of 1991 was to control inflation. The goal of the NEP 1991 was to reduce inflation rates and build up adequate foreign money reserves to increase its economic growth rate. The major aim is to plunge the Indian Economy into the 'globalization' arena and provide it with a new direction in the market.

Related Questions:

What are the political consequences of globalization?

  1. The market, rather than welfare goals, is used to decide economic and social priorities.
  2. The state’s dominance continues to be the unquestioned foundation of the political community.
  3. Governments’ ability to make decisions on their own has been harmed by the arrival and expanded participation of multinational corporations.
    ഇന്ത്യയിൽ സാമ്പത്തിക ഉദാരവൽക്കരണത്തിന് തുടക്കമിട്ട കേന്ദ്ര ധനമന്ത്രി :

    Consider the following statements with regard to Economic Reforms of 1991 :

    1. Rupee was devalued in order to increase exports
    2. Indian rupee was devalued in three stages
      When did the Britishers recapture Delhi after the First War of Independence?

      How has globalization impacted India's integration into the global economy?

      1. India has become more interconnected with the global economy, leading to increased vulnerability to global economic fluctuations.
      2. Greater exposure to international trade has resulted in India's increased role in shaping global trade policies.
      3. India's active participation in global governance institutions has elevated its influence in international economic matters.
      4. Enhanced access to international markets has strengthened India's position as a global economic powerhouse.