Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Foreign Exchange Reserves Growth
India's foreign exchange reserves grew from about US $6 billion in 1990-91 to about US $___billion in 2018-19:
- 100
- 200
- 313
- 413 — Correct Answer
Explanation:
Correct Answer Explanation
Foreign exchange reserves grew from US $6 billion (1990-91) to US $413 billion (2018-19).
Key Points:
- India is one of the largest foreign exchange reserve holders in the world.
- A dramatic improvement from the 1991 crisis when reserves couldn't cover two weeks of imports.
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This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
