As a result of the foreign trade reforms a) the number of import licence has increased b)only a few types of goods and services can now be exchange freely c)EPCG scheme has been abolished d)the average tariff rates have been reduced

Dear Student,

As a result of the foreign trade reforms, "the average tariff rates have been reduced".
India has entered into WTO agreements to trade in goods and services. To facilitate international trade, the tariff rates was reduced and many non-tariff barriers were removed. 

Regards,