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