Question

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

• A. Environmental issues
• B. Inflation
• C. Regional imbalances
• D. Population growth

Answer 1

Answer:

B. Inflation

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.