UGC NET COMMERCE November 2017(Paper-II) Q4
- Option : C
- Explanation : Government of India, initiated “Structural Adjustment Programme” since July 1991. It is also known as new economic policy of 1991. The objective is to make the Indian Economy more outward oriented and to provide “free play of market forces”. Globalization can not be successful without liberalization. By the term “Liberalization” we means the removal of unnecessary control in laws and procedures, and “Globalization,” on the other hand means the opening of the economy to the world by removing barriers against free flow of trade, technology and investment.
