Which one of the following is correct regarding stabilizatio

Economics

M: +2.00/-0.67

Which one of the following is correct regarding stabilization and structural adjustment as two components of the new economic policy adopted in India?

I.A.S. (Pre) 1996

[Economic Development - Nature, GDP]

Stabilization is a gradual, multi-step process while structural adjustment is a quick adaptation process

Structural adjustment is a gradual multi-step process, while stabilization is a quick adaptation process

Stabilization and structural adjustment are very similar and complimentary policies. It is difficult to separate one from the other

Stabilization mainly deals with a set of policies which are to be implemented by the Central Government while structural adjustment is to be set in motion by the State Governments.

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