| Which of the following has/have occurred in India after its liberalisation of economic policies in 1991? |
| 1. Share of agriculture in GDP increased enormously? |
| 2. Share of India's exports in world trade increased. |
| 3. FDI inflows increased. |
| 4. India's foreign exchange reserves increased enormously. |
| Select the correct answer using the codes given below: |
A) 1 and 4
B) 2, 3 and 4
C) 2 and 3
D) 1, 2, 3 and 4
Correct Answer: B
Solution :
| Exp. [b] |
| 1. In 1991 Agriculture was contributing 32% to GDP but now it has declined to 18%. |
| 2. Share of exports has gone up from below 1% to above 1%. |
| 3. FDI has gone up because of opening of economy. |
| 4. From $3 billion in 1991, now we have comfortable $350 billion forex. |
You need to login to perform this action.
You will be redirected in
3 sec
