Under the New Economic Policy of 1991, which of the following reform policies were initiated by the government to promote liberalization of trade and investment?

1. Abolition of import quotas

2. Removal of export duties

3. Abolition of import licensing for all industries

Select the correct answer using the code given below.

1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3

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