Maharashtra State PSC Model Paper 4

The correct answer is 1 and 2 only.

• Reforms introduced in 1991, removes various restrictions on the movement of international finance which led to huge inflow of foreign capital, foreign direct investments and outsourcing to India.
• This encouraged the service sector growth.
• Availability of cheap labor and skilled labor at lower wage rate made our Service sector very competitive
• The revolution in Information Technology (IT) field in India has also played a major role in the high growth of the service sector.Hence statement 3 is incorrect