In this section each item consists of six sentences of a passage. The first and sixth sentences are given in the beginning as S1 and S6. The middle four sentences in each have been jumbled up and labelled as P, Q, R and S. You are required to find the proper sequence of the four sentences and mark your response accordingly on the Answer Sheet. S1. Liberalisation and globalisation freed India's economy from the low GD

Step-by-step solution

Sentence S1 introduces the topic of liberalisation freeing India's economy from a low GDP trap. Sentence P logically follows S1 by detailing the historical context of this low GDP trap, explaining that a low growth rate and emergent circumstances led to a balance of payment crisis in the early 1990s. Sentence S must follow P because it explicitly refers back to 'the emergent crisis' introduced in P and describes the initial response of delicencing and liberalising in the 1991 budget. Sentence Q elaborates on the sp