What were the features of the liberalization of the Economy under the New Economic Policy?
1. Deregulation of the Industrial sector.
2. Reduction in the role of RBI from the regulator to facilitator of the financial sector.
3. Increment in Corporate Tax.
4. To resolve the balance of payments crisis, the rupee was devalued against foreign currencies
5. Import licensing was abolished except in case of hazardous and environmentally sensitive industries.
1
1, 2, 3 and 4
2
1, 2, 4 and 5
3
2, 3, 4 and 5
4
All of the above