Question:
Which of the following measures was NOT initiated by the Government of India as a part of economic reforms in 1991?
Which of the following measures was NOT initiated by the Government of India as a part of economic reforms in 1991?
Updated On: Feb 10, 2025
- 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
While the 1991 reforms introduced significant changes including new industrial policy and guidelines for FIIs, the full convertibility of the rupee on the capital account was not initiated at that time.
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