Economics · Economic Reforms 1991
The immediate trigger for India to approach the IMF and World Bank for financial assistance in 1991 was a crisis in which of the following areas?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1High levels of gold smuggling
- 2Balance of Payments (BoP) crisis✓
- 3Uncontrolled internal migration
- 4Agricultural food grain shortage
Correct answer
Balance of Payments (BoP) crisis
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