Question
Economics Question on Foreign exchange market
Select the correct sequence that lead to the need for the introduction of New Economic policy 1991 in India:
(A) Foreign exchange reserves dropped
(B) World Bank gave loan to manage crisis
(C) New economic policy 1991 announced
(D) India met with an economic crisis related external debt
Choose the correct answer from the options given below:
A
(A), (D), (B), (C)
B
(D), (A), (B), (C)
C
(A), (B), (D), (C)
D
(B), (A), (D), (C)
Answer
(D), (A), (B), (C)
Explanation
Solution
The correct option is (B) : (D), (A), (B), (C)