Question

Study the passage given below and answer the questions that follow : 4 It was experienced by the government that several shortcomings had emerged in the economy on account of these controls. These controls had given rise to corruption, undue delays and inefficiency. Growth rate of GDP had fallen sharply and high-cost economic system came into being. In view of these facts, liberalisation of the economy was considered as a key component of NEP. Greater Reliance was to be placed on market forces rather than check and controls. Examples of developing countries like Korea ,Thailand ,Singapore that had achieved Rapid growth due to liberalisation were considered as worthy of emulation. Questions 1. What types of control imposed by government prior to 1991? 2 2. What kind of economic reforms were taken by the government under liberalisation?

Answer 1

Answer:

this one u have to do in short