LPG model
LPG model is a Economy concept from the MPSC syllabus, tested in 2 past MPSC questions (2017, 2021). Below are those real questions with their correct answers and explanations, plus the concepts worth being comfortable with first.
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1991 साली स्वीकारलेले नवे आर्थिक धोरण _______. The New Economic Policy adopted in 1991 was _______.
The 1991 New Economic Policy introduced LPG (Liberalisation, Privatisation, Globalisation), moving away from state-controlled socialism towards a market-driven economy, meaning it was not at all related to socialist principles.
एल.पी.जी. चा अन्वयार्थ काय ? LPG stands for
In the context of India's 1991 economic reforms, LPG stands for Liberalisation, Privatisation, and Globalisation.