The measures introduced by Indian Government, after the economic crisis of 1991, to stabilise the economy in the short term included:
a) maintaining sufficient foreign exchange
b) allowing entry of private players in economy
c) keeping the rising prices under control

Which of the following options stands to be correct?

a) and c)

Stabilisation measures are short term measures, intended to correct some of the weaknesses that have developed in the balance of payments and to bring inflation under control. In simple words, this means that there was a need to maintain sufficient foreign exchange reserves and keep the rising prices under control. Entry of private players was not a stabililisation measure but a structural reform.