Question:

Which of the following measures was NOT initiated by the Government of India as a part of economic reforms in 1991?

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Updated On: Oct 1, 2024
  • Announcement of new industrial policy
  • Full convertibility of rupee on the capital account
  • Removal of Quantitative Restrictions
  • Guidelines for investment by Foreign Institutional Investors (FIIs) in the capital market
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The Correct Option is B

Solution and Explanation

The correct answer is (B): Full convertibility of rupee on the capital account
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