Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:
When was the origin of financial crisis of 1991 noted in the Indian economy?
Options:
In 1980s due to internal disturbances
In 1970s due to National Emergency
In 1980s due to inefficient management of the Indian economy
In 1990 due to economic policies of developed nations aiming at destroying the economies of developing nations
Correct Answer:
In 1980s due to inefficient management of the Indian economy
Explanation:
The origin of the financial crisis can be traced from the inefficient management of the Indian economy in the 1980s. Moreover, the government was not able to generate sufficiently from internal sources such as taxation.