Consider the following statements about the LPG model of economic development process in India? Disinvestment of profit making public sector Enterprises. Permitting private sectors to establish Industrial Units without taking a licence. Chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation plan. Which of the processes given above is/are taken after adoption of LPG model? Options: A . &nbsp1 and 3 B . &nbsp2 and 3 C . &nbsp1, 2 and 3 D . &nbsponly 2

Consider the following statements about the LPG model of economic development pr

Question

Consider the following statements about the LPG model of economic development process in India?

Disinvestment of profit making public sector Enterprises.
Permitting private sectors to establish Industrial Units without taking a licence.
Chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation plan.

Which of the processes given above is/are taken after adoption of LPG model?

Options:

A . 1 and 3

B . 2 and 3

C . 1, 2 and 3

D . only 2

Answer: Option C
Answer: (c)LPG model of economic development process in India involves disinvestment of profit making public sector enterprises, permitting private sectors to establish industrial units without taking a licence and chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation.

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