| Assertion [A] Post the economic reforms of 1991, India's BoP has improved many folds. |
| Reason [R] Devaluation of currency during the new economic reforms improved the exports surplus of the country. |
A) Assertion [A] is true and Reason [R] is a correct reason of Assertion [A]
B) Assertion [A] is true and Reason [R] is not a correct reason of Assertion [A]
C) Assertion [A] is false, Reason [R] is true
D) Both are false
Correct Answer: A
Solution :
Devaluation of currency during 1990s increased the exports from the country leading to improvement in BoP state and build up foreign exchange surplus.
You need to login to perform this action.
You will be redirected in
3 sec
