हिंदी

Why did India pledge its gold reserves in 1991?

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प्रश्न

Why did India pledge its gold reserves in 1991?

विकल्प

  • To control inflation

  • To repay foreign debt and boost forex reserves

  • To launch new state companies

  • To subsidise exports

MCQ
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उत्तर

To repay foreign debt and boost forex reserves

Explanation:

India pledged its gold to get loans and overcome the severe shortage of foreign currency to pay for imports.

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