Economics · Economic Reforms
Which of the following stabilization or structural reform measures was NOT an immediate primary direct component of the New Economic Reforms of 1991?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reduction in fiscal deficit
- 2Statutory administrative cut in all commercial bank micro-lent interest rates✓
- 3Liberalisation of foreign trade
- 4Depreciation of the rupee
Correct answer
Statutory administrative cut in all commercial bank micro-lent interest rates
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