Match the following: 1. Internat

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Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Match the following:

1.	International Bank for Reconstruction and Development	A.	Devaluation
2.	New Economic Policy	B.	World Bank & IMF
3.	Financial Sector Reforms	C.	Stabilisation measures & Structural reforms
4.	Foreign Exchange Reforms	D.	RBI-regulator to facilitator

Options:

1-B, 2-C, 3-D, 4-A

1-A, 2-C, 3-D, 4-B

1-B, 2-D, 3-A, 4-C

1-C, 2-B, 3-D, 4-A

Correct Answer:

1-B, 2-C, 3-D, 4-A

Explanation:

IBRD is popularly known as World Bank & IMF.

The New Economic Policy was divided into 2 groups: Stabilisation measures & Structural reforms.

One of the major aims of financial sector reforms was to reduce the role of RBI from regulator to facilitator of financial sector.

Foreign Exchange Reforms included devaluation of Indian rupee as an immediate measure to resolve the BOP crisis.