Economics · Indian Economy
Consider the following statements regarding the Economic Reforms of 1991 in India: 1. LPG reforms stand for Liberalization, Privatization, and Globalization. 2. Disinvestment of public sector equity directly generates non-debt capital receipts, helping to manage the fiscal deficit. 3. Reduction in import tariffs promotes domestic and global competition. 4. Full convertibility on the capital account has been fully implemented in India. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, 3, and 4
- 22 and 4 only
- 31, 2, and 3 only✓
- 41 and 3 only
Correct answer
1, 2, and 3 only
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