Economics · Economic Reforms
Which of the following policy reforms was NOT a part of the economic liberalization program introduced in India in 1991?
- 1Reduction of import tariffs and dismantling of quantitative restrictions
- 2Introduction of a nationwide Universal Basic Income✓
- 3Devaluation and deregulation of the foreign exchange market
- 4Abolition of industrial licensing for most industries
Correct answer
Introduction of a nationwide Universal Basic Income
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