Question

In 1995-96, India's total exports have increased to ___________.

• A. Rs. 605 crores
• B. Rs. 1,06353 crores
• C. Rs. 2,06,465 crores
• D. Rs. 5,60,465 crores

Answer 1

The correct option is B Rs. 1,06353 crores

The exports of the financial year 1995-96 were 1,06,353 crore it was due to several reasons like:-

1. Export policies: The policies which were introduced during the period were favorable to exporters.
2. Support from the financial institutions: financial institutions like EXIM (export-import bank of India) also provided financial assistance to exporters and tried to export goods, services, etc to foreign countries.
3. Privatization: the most important reason the exports increased was private companies, delicensing, etc which influenced the people to manufacture products and services and export to foreign countries.

These were the reasons why the exports in the year 1995-96 went high.

Hence, option (B) is the correct answer.