CUET Preparation Today
In 1991, India met with an economic crisis. According to you, what was the major reason behind the crisis? |
Internal conflict among major industries Political instability in the country Growing external debt None of the above |
Growing external debt |
the correct answer is Option 3: Growing external debt India met with an economic crisis relating to its external debt, the government was not able to make repayments on its borrowings from abroad. Foreign exchange reserves , which we generally maintain to import petroleum and other important items, dropped to levels that were not sufficient for even a fortnight. |
