Financial Awareness - Risk, Stability & Emerging Finance
The Economic Reforms of 1991 in India are famously known by which acronym?
The Economic Reforms of 1991 in India are famously known by which acronym?
easy Q11 of 15
Step-by-Step Solution
Step 1: Identify the concept
The question tests knowledge of the popular acronym representing the 1991 reforms.Step 2: Apply the concept
The reforms focused on Liberalization, Privatization, and Globalization, abbreviated as LPG.Final Answer:
LPG → Option DQuick Check:
1991 reforms acronym = LPG ✅
Quick Trick: Remember LPG = Liberalization, Privatization, Globalization.
Common Mistakes:
- Confusing LPG with GDP or FDI acronyms.
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