Which of the following is a feature of the Indian external sector since the 1990s? MCQ with Answer and Explanation

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Which of the following is a feature of the Indian external sector since the 1990s?

A. Complete isolation from global capital flows

B. Gradual liberalisation of trade and capital account with managed float

C. Ban on foreign direct investment

D. Fixed exchange rate without intervention

Answer: Option B

Solution (By JKSSB Mock Tests)

Since the 1991 reforms, India has progressively liberalised trade and capital flows while adopting a managed floating exchange rate regime.

This question belongs to: Economy GK Economy Set 1

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This question belongs to: Economy GK Economy Set 1

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