What conditions are correct that came with the medium term loan given by IMF to India for restructuring of the economy? I. Government expenditure to be cut by 20% per annum II. Devaluation of rupee by 22%. III. Excise duty to be increased by 40% .Q IV. Custom duty to be cut drastically from the peak of 130% to 30%

What conditions are correct that came with the medium term

1.	What conditions are correct that came with the medium term loan given by IMF to India for restructuring of the economy? I. Government expenditure to be cut by 20% per annum II. Devaluation of rupee by 22%. III. Excise duty to be increased by 40% .Q IV. Custom duty to be cut drastically from the peak of 130% to 30%
A.	II & IV
B.	I & II
C.	III & IV
D.	Only II
Answer» B. I & II