Topics:
CH-8: COMPARATIVE DEVELOPMENT EXPERIENCES OF INDIA AND ITS NEIGHBOURS, Indian Economic Development, NCERT Books
India Reforms Trigger
India had to borrow from the IMF and World Bank to set right its:
- Trade surplus
- Balance of payments crisis — Correct Answer
- High GDP growth
- Agricultural surplus
Explanation:
Correct Answer Explanation
India had to borrow from the IMF and World Bank to set right its balance of payments crisis.
Key Points:
- Foreign exchange is essential for any country.
- India's reforms in 1991 were triggered by this crisis.
- Unlike China, India and Pakistan's reforms were influenced by international agencies.
Why Other Options Are Wrong
- A, C, D: The specific problem was the balance of payments crisis.
📚 About this Topic — CH-8: COMPARATIVE DEVELOPMENT EXPERIENCES OF INDIA AND ITS NEIGHBOURS
This multiple choice question is from CH-8: COMPARATIVE DEVELOPMENT EXPERIENCES OF INDIA AND ITS NEIGHBOURS, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-8: COMPARATIVE DEVELOPMENT EXPERIENCES OF INDIA AND ITS NEIGHBOURS to strengthen your preparation.
