Consider the followings facts related to development experience of Indian Economy during 1947 to 2022.

A. Between 1950 and 1990, the proportion of GDP contributed by agriculture sector has declined
B. P.C. Mahalanobis is known as Architect of Indian Planning
C. The world Bank is also known as IFCI
D. GATT was established in 1958
E. Indian Foreign Exchange Reserves have increased since 1990-91.

Choose the correct answer from the options given below:

A, B and E only

The correct answer is Option (3) → A, B and E only

A. Between 1950 and 1990, the proportion of GDP contributed by agriculture sector has declined: This is correct. The share of agriculture in India’s GDP has generally decreased over time as the economy has diversified.
B. P.C. Mahalanobis is known as Architect of Indian Planning : This is correct. P.C. Mahalanobis played a key role in shaping India’s planning process
C. The world Bank is also known as IFCI : This is incorrect. The World Bank is known as International Bank for Reconstruction and Development (IBRD).
D. GATT was established in 1958 : This is incorrect. The General Agreement on Tariffs and Trade (GATT) was established in 1948, not 1958.
E. Indian Foreign Exchange Reserves have increased since 1990-91. This is correct. Indian foreign exchange reserves have generally increased since the economic liberalization period starting in 1991.