Consider the following statements about why economic reforms were introduced in India:

1.(a) the public sector was given an important role during 1951-1990

2.(b) the performance of most public enterprises was disappointing

3.(c) many enterprises ran into heavy losses through inefficient management

4.(d) foreign trade had already been fully liberalised

A(a), (b) and (c)

B(a) and (b)

C(c) and (d)

D(a) and (c)

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