Economic Awareness - Sectors of Indian Economy
What does the 'L' in LPG reforms stand for in the context of Indian economic reforms?
What does the 'L' in LPG reforms stand for in the context of Indian economic reforms?
easy Q12 of 15
Step-by-Step Solution
Step 1: Identify the concept
The question asks for the meaning of 'L' in LPG reforms related to Indian economy.Step 2: Apply the concept
'L' stands for Liberalization, which means removing government controls on industries and trade.Final Answer:
Liberalization → Option AQuick Check:
L in LPG reforms = Liberalization ✅
Quick Trick: LPG = Liberalization, Privatization, Globalization.
Common Mistakes:
MISTAKES- Mistaking 'L' for Localization or Labour reforms.
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