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WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 191 of 200

Q191
Indian EconomyPlanning, Economic Reforms & Policy
The LPG model of development was introduced in India in the year
  1. a.2001
  2. b.1991
  3. c.1990
  4. d.1981

Answer: (B) 1991

The Liberalisation–Privatisation–Globalisation model was introduced with the New Economic Policy of July 1991 under P. V. Narasimha Rao and Manmohan Singh. 1990 was the year of the crisis's build-up, not of the reforms.

Q190 Whole paperQ192