In each of the questions given below, four words are given in bold. These four words may or may not be in their correct position. The sentence is then followed by options with the correct combination of words that should replace each other in order to make the sentence grammatically and contextually correct. Find the correct combination of words that replace each other. If the sentence is correct as it is, select ‘E’ as your option. Since the liberalisation (A) of capital flows in 1991, India has always faced a current account stable (B) but inflows of capital have allowed (C) the country to have a deficit (D) balance of payments (BoP).

• A. A-B
• B. A-D
• C. B-D
• D. C-B
• E. No improvement