Economics · Economy
What was the primary reason for India's severe foreign exchange crisis during the years 1957-58?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Widespread severe drought conditions across India
- 2Massive food grain imports due to dynamic failure of agricultural output
- 3Sudden international oil price shocks
- 4Heavy imports of capital goods needed for the Second Five-Year Plan✓
Correct answer
Heavy imports of capital goods needed for the Second Five-Year Plan
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economy MCQs →Want more practice questions on Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economy