The ultimate benefits of liberalisation, privatisation and globalisation in India are the _____.
- sizeable decrease in foreign exchange reserves
- drying up of country's foreign exchange reserves
- sizeable increase in foreign exchange reserves
- sizeable decrease in income of the country
The economy of India had undergone significant policy shifts in the beginning of the 1990s. This new model of economic reforms is commonly known as the LPG or Liberalisation, Privatisation and Globalisation model. The primary objective of this model was to make the economy of India the fastest developing economy in the globe with capabilities that help it match up with the biggest economies of the world.
Directions for the following:
Read the following information and answer the items that follow. Your answers to these items should be based on the information given only.
The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.
Foreign Exchange Reserves Of a Country. (in million US $)
Question 33.What was the percentage increase in the foreign exchange reserves in 1997-98 over 1993-94?
Directions for the following:
Read the following information and answer the items that follow. Your answers to these items should be based on the information given only.
The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.
Foreign Exchange Reserves Of a Country. (in million US $)
Question 32.The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review?