Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Which of the following statement is incorrect in the context of period since 1991 in India?

Options:

India is seen as a successful exporter of auto parts, pharmaceutical goods engineering goods, IT software and textiles.

Rising prices have been kept under control by the country.

India is one of the largest foreign exchange reserve holders in the world.

None of the above

Correct Answer:

None of the above

Explanation:

Since 1991, India is seen as a successful exporter of auto parts, pharmaceutical goods engineering goods, IT software and textiles. Rising prices have also been kept under control.

There has been an increase in the foreign exchange reserves from about US $ 6 billion in 1990-91 to about US $ 413 billion in 2018-19. India is one of the largest foreign exchange reserve holders in the world.