New Economic Policy 1991
Tested in 2 real MPSC questions across 1 year (2021–2021). See it in context on the interactive Concept Graph →
Years it was asked
What you need to know first
Basic understanding of Indian economy pre-1991LPG ReformsPre-1991 Indian economic model
Real questions that test this
1991 साली स्वीकारलेले नवे आर्थिक धोरण _______. The New Economic Policy adopted in 1991 was _______.
a)समाजावादावर आधारित होते / based on Socialism
b)समाजावादाच्या तत्वांशी अजिबात संबंधित नव्हते / not at all related to the principles of Socialism✓ Correct
c)समाजावादासंबंधी तटस्थ होते / indifferent to the concept of Socialism
d)समाजावादाच्या तत्त्वांची प्रशंसा करणारे होते / praised the principles of Socialism
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.