Question

what is meant by economic policy? state the four features of economics policy as pursued in india till 1991.​

Answer 1

Answer:

Explanation:

It refers to integration of various economies of world. Till 1991 Indian government was following strict policy in regard to import and foreign investment in regard to licensing of imports, tariff, restrictions, etc. ... (i) Import Liberalisation. Government removed many restrictions from import of capital goods.

Answer 2

Answer:

• Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.

• The four features of economics policy as pursued in india till 1991 are:-

1. Import Liberalisation.
2. Government removed many restrictions from import of capital goods.
3. Abolition of Export duty.
4. Reduction of Import duty.

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