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Match the LIST-I with LIST-II in respect to different reforms took place in Indian Economy.

LIST-ILIST-II
A. Foreign Exchange ReformI. Reducing the role of RBI
B. Industrial Sector ReformII. Devaluation of domestic currency
C. Financial Sector ReformIII. Increase international Competitiveness
D. Trade and Investment Policy ReformIV. Market allowed to determine the prices

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

Foreign exchange reform began with devaluation of the rupee in 1991 (A-II). Industrial sector reform removed licensing and price controls, allowing the market to determine prices (B-IV). Financial sector reform reduced the role of RBI from regulator to facilitator (C-I). Trade and investment policy reforms aimed at increasing international competitiveness (D-III).

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