{"id":3167,"date":"2024-03-05T15:44:35","date_gmt":"2024-03-05T15:44:35","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=3167"},"modified":"2024-03-05T15:44:35","modified_gmt":"2024-03-05T15:44:35","slug":"the-policy-of-liberalisation-privatisation-and-globalisation-was-accepted-as-new-economic-policy-by-prime-minister","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-policy-of-liberalisation-privatisation-and-globalisation-was-accepted-as-new-economic-policy-by-prime-minister\/","title":{"rendered":"The policy of liberalisation, Privatisation and globalisation was accepted as new economic policy by Prime Minister"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9745c7400c0\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Rajiv Gandhi                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Vishwnath Pratap Singh                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    Narsimha Rao                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Atal Bihari Vajpayee                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is (c) Narsimha Rao.<\/p>\n<p>The New Economic Policy (NEP) was a series of economic reforms introduced in India in 1991 by the government of Prime Minister P. V. Narasimha Rao. The NEP was designed to liberalize the Indian economy and make it more market-oriented. The key elements of the NEP were:<\/p>\n<ul>\n<li><strong>Liberalization:<\/strong> The NEP reduced government controls on the economy, such as import and export restrictions, and allowed foreign investment.<\/li>\n<li><strong>Privatization:<\/strong> The NEP privatized many state-owned enterprises.<\/li>\n<li><strong>Globalization:<\/strong> The NEP promoted globalization by opening up the Indian economy to foreign trade and investment.<\/li>\n<\/ul>\n<p>The NEP was a major <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> turning point in Indian economic history. It led to rapid economic growth and development, and helped to make India a major player in the global economy.<\/p>\n<p>Option (a), Rajiv Gandhi, was the Prime Minister of India from 1984 to 1989. He did not introduce the <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> NEP.<\/p>\n<p>Option (b), Vishwnath Pratap Singh, was the Prime Minister of India from 1989 to 1990. He did not introduce the NEP.<\/p>\n<p>Option (d), Atal Bihari Vajpayee, was the Prime Minister of India from 1998 to 2004. He did not introduce the NEP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The policy of liberalisation, Privatisation and globalisation was accepted as new economic policy by Prime Minister<\/title>\n<meta name=\"description\" content=\"The New Economic Policy (NEP) was a series of economic reforms introduced in India in 1991 by the government of Prime Minister P. V. Narasimha Rao. The NEP was designed to liberalize the Indian economy and make it more market-oriented. 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