Question:
Which of the following is mainly associated with Economic Policy?
Which of the following is mainly associated with Economic Policy?
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Only one option belongs to the economic-policy domain; sort the rest by field first.
Updated On: Sep 23, 2026
- Panchayati Raj
- Liberalisation
- National Education Policy
- Biological inheritance
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Verified By Collegedunia
The Correct Option is B
Solution and Explanation
Step 1: Identifying the correct option:
Liberalisation refers to the reduction of state control over the economy - deregulation, opening markets to private and foreign investment - and is a core pillar of India's 1991 economic reforms, making it directly an economic policy.
Step 2: Why the other options are wrong:
Panchayati Raj is a system of local self-government (a political/administrative institution). The National Education Policy governs the education sector. Biological inheritance is a biological/genetic concept, unrelated to policy-making.
Final Answer:
Liberalisation (Option B)
Liberalisation refers to the reduction of state control over the economy - deregulation, opening markets to private and foreign investment - and is a core pillar of India's 1991 economic reforms, making it directly an economic policy.
Step 2: Why the other options are wrong:
Panchayati Raj is a system of local self-government (a political/administrative institution). The National Education Policy governs the education sector. Biological inheritance is a biological/genetic concept, unrelated to policy-making.
Final Answer:
Liberalisation (Option B)
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