Question

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

1. Rupee was devalued in order to increase exports
2. Indian rupee was devalued in three stages

• A. i only
• B. i, ii
• C. ii only
• D. All

Answer 1

Answer:

A. i only

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.