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What does the 'P' in LPG reforms stand for?

1. Planning
2. Privatisation
3. Production
4. Poverty

Correct answer: Privatisation

Solution

In the LPG reforms, L stands for Liberalisation, P stands for Privatisation, and G stands for Globalisation. The 'P' specifically refers to the policy of transferring ownership or management from the public sector to the private sector.

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