Financial Awareness - Risk, Stability & Emerging Finance
Which of the following was NOT a component of the LPG model introduced in the 1991 Economic Reforms?
Which of the following was NOT a component of the LPG model introduced in the 1991 Economic Reforms?
medium Q7 of 15
Step-by-Step Solution
Step 1: Recall LPG components
LPG stands for Liberalization, Privatization, and Globalization.Step 2: Analyze options
Nationalization is opposite to privatization and was not part of 1991 reforms.Final Answer:
Nationalization → Option BQuick Check:
Nationalization = correct ✅
Quick Trick: Remember LPG = Liberalization, Privatization, Globalization.
Common Mistakes:
- Mistaking nationalization as part of reforms.
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