Financial Awareness - Risk, Stability & Emerging Finance
Which of the following statements about the impact of LPG reforms on Indian economy is NOT correct?
Which of the following statements about the impact of LPG reforms on Indian economy is NOT correct?
hard Q10 of 15
Step-by-Step Solution
Step 1: Understand LPG impact
LPG reforms increased foreign investment, reduced controls, and integrated Indian companies globally.Step 2: Analyze incorrect statement
Government did not completely withdraw from all sectors; many strategic sectors remain under government control.Step 3: Evaluate other options
Other statements correctly describe LPG impacts.Final Answer:
Privatization resulted in complete withdrawal of government from all sectors → Option AQuick Check:
LPG impact incorrect = Complete government withdrawal false ✅
Quick Trick: Government still controls strategic sectors post-LPG
Common Mistakes:
- Assuming total government exit from economy
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