Practicing Success

Register
Start Free Mocks
CUETMOCK

Ace Your

CUET Preparation Today

Start Free Mocks
Home Questions 6MJNYUA25F
Target Exam

CUET

Subject

Economics

Chapter

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

Question:
What role did international lenders play during India's financial crisis?
Options:
They provided grants to support India's development programs
They decreased interest rates on existing loans to India
They imposed conditions for loans related to economic reforms
All of the above
Correct Answer:
They imposed conditions for loans related to economic reforms
Explanation:
India approached international lenders and received a loan, but they expected India to liberalize and open up the economy as a condition for the loan.

CUET Questions