| I. Mahalanobis strategy adopted during the First plan |
| II. Export increased at an average rate of 29 per cent per annum in dollar terms between 1986 and 1990 |
| III. A combination of factors such as bad policy, weak government and external factors led to the decline of this performance to nine per cent in 1990-91 and 4 per cent in the subsequent years. |
A) Only III
B) I & II
C) II & III
D) All the above
Correct Answer: A
Solution :
Mahalanobis strategy adopted during the Second Plan and continued with modifications till the early 1980s. It was only from 1985-86 that a genuine attempt was made towards trade liberalisation. The result was spectacular as export increased at an average rate of 17 per cent per annum in dollar terms between 1986 and 1990. A combination of factors such as bad policy, weak government and external factors led to the decline of this performance to nine per cent in 1990-91 and 4 per cent in the subsequent years.
You need to login to perform this action.
You will be redirected in
3 sec
