Question

All of the following developments were noticed during $1991$(when economic reforms were enforced), except _________.

• A. national debt was nearly $60$ per cent of the GNP of India
• B. inflation crossed double digits
• C. foreign reserves were maintained at a very high level
• D. none of the above

Answer 1

The correct option is C foreign reserves were maintained at a very high level

When economic reforms were enforced foreign reserves available were just sufficient to finance imports of three weeks.