Which of the following has/have occurred in India after its liberalization of economic policies in 1991?1.Share of agriculture in GDP increased enormously.2.Share of India's exports in world trade increased.3.FDI inflows increased.4.India's foreign exchange reserves increased enormously.Select the correct answer using the codes given below:

1. A

   1 and 4 only

   Option (a) is 1 and 4 only. Agriculture’s share in GDP fell after 1991 as services and industry grew; it did not increase enormously. Statement 1 is false even though forex reserves did rise. This option is not the key.

2. B

   2, 3 and 4 only

   After 1991 liberalisation, India’s share in world exports rose from a very low base, FDI inflows increased, and foreign-exchange reserves rose sharply from the 1991 crisis low. Agriculture’s GDP share declined. Hence 2, 3 and 4 only is the official key.

3. C

   2 and 3 only

   Option (c) is 2 and 3 only. It omits the also-true reserves boom. This option is therefore incomplete and not the key.

4. D

   1, 2, 3 and 4

   Option (d) is all four. Statement 1 on agriculture’s rising GDP share is the opposite of the structural shift. This option is not the key.

Summary. Official key is (b) 2, 3 and 4 only. Liberalisation opened trade and capital accounts relative to the licence-permit years. Export share, FDI and forex reserves increased; agriculture’s GDP weight shrank. Statement 1 is the classic distractor. Only 2, 3 and 4 occurred as stated.