Which of the following statement(s) is/are correct?
A. Only I
B. Only II
C. Both I and II
D. Neither I nor II
Answer:C
Which of the following statement(s) is/are correct?
A. Only I B. Only II C. Both I and II D. Neither I nor II
Explanation: Economic reforms denote the process in which a government prescribes declining role for state and expanding role for the private sector in an economy. So let’s unravel the reform process based on the author’s classroom interaction with students. It is safer to see economic reform as a policy shift in an economy from one to another or ‘alternative development strategies’.