Match the LIST-I with LIST-II in respect to different reforms took place in Indian Economy.
LIST-I LIST-II A. Foreign Exchange Reform I. Reducing the role of RBI B. Industrial Sector Reform II. Devaluation of domestic currency C. Financial Sector Reform III. Increase international Competitiveness D. Trade and Investment Policy Reform IV. Market allowed to determine the prices
Choose the correct answer from the options given below:
Match the LIST-I with LIST-II in respect to different reforms took place in Indian Economy.
| LIST-I | LIST-II |
|---|---|
| A. Foreign Exchange Reform | I. Reducing the role of RBI |
| B. Industrial Sector Reform | II. Devaluation of domestic currency |
| C. Financial Sector Reform | III. Increase international Competitiveness |
| D. Trade and Investment Policy Reform | IV. 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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