Consider the following statements with regard to Economic Reforms of 1991 :Rupee was devalued in order to increase exports Indian rupee was devalued in three stages

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Consider the following statements with regard to Economic Reforms of 1991 :

Ai only

Bi, ii

Cii only

DAll

Answer:

Economic Reforms of 1991

In 1991 July, Rupee was devalued twice. It was followed by many other reforms in various sectors.
These reforms included opening for foreign capital , trade and investment , deregulation of industrial sector , initiation of privatization and tax reforms.
Rupee was devalued in order to increase exports.

Related Questions:

The main objective of the New Economic Policy (NEP) of India (1991)Which of the below statements are not correct ?

To bring down poverty and unemployment
To bring down the rate of inflation and remove imbalances in payment.
To move towards a higher economic growth rate and build sufficient foreign exchangereserves.
To plunge the Indian economy into the arena of Globalization and to give it a newthrust on market orientation.