Which major developments were undertaken after the 1991 structural reforms of the Indian economy? (A) General deregulation of interest rates and a greater role for market forces in determining interest and exchange rates (B) Phase-out of ad hoc Treasury Bills, checking automatic monetization of the fiscal deficit (C) An exchange rate anchor under a Proportional Reserve System (D) A commitment to the Fiscal Responsibility and Budget Management (FRBM) Act putting a ceiling on the overall fiscal deficit

IIT JAM 2023 Question 38: Planning, reforms and liberalisation

Which major developments were undertaken after the 1991 structural reforms of the Indian economy?

Select all that apply.

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This question is on The 1991 economic reforms, part of Planning, reforms and liberalisation in Indian Economy.

The liberalisation, privatisation and globalisation reforms that ended the licence era.

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