Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Arrange the following events in Chronological order :

(A) Indian economic crisis due to external debt

(B) WTO was founded

(C) Financial help provided from World Bank and IMF

(D) Liberalisation policy introduced in India to lift trade barriers.

Choose the correct answer from the options given below :

Options:

(A), (B), (C), (D)

(B), (C), (A), (D)

(C), (D), (B), (A)

(A), (C), (D), (B)

Correct Answer:

(A), (C), (D), (B)

Explanation:

The correct answer is option (4) : (A), (C), (D), (B)

Certainly! Let's arrange these events in chronological order :

(A) Indian economic crisis due to external debt : This occurred in the early 1990s, primarily in 1991.

(C) Financial Help provided from World Bank and IMF : In response to the economic crisis, India sought financial assistance from the International Monetary Fund (IMF) and the World Bank in 1991.

(D) Liberalisation policy introduced in India to lift trade barriers : The liberalization policy, part of India's economic reforms, was introduced on July 24, 1991.

(B) WTO was founded : The World Trade Organization (WTO) was established on January 1, 1995.