SarkariPYQ

SSC GD 2023 PYQ — Question 21

SSC GD Constable (English) - 2 Feb 2023 - Shift 3 • General Awareness • Q21

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In ______, a crisis in the balance of payments led to the introduction of economic reforms in India.
 

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Correct answer: B

Explanation

The Correct answer is option 2 i.e.1991

  • In 1991, India faced a severe balance of payments crisis, which forced the government to introduce significant economic reforms.
  • The crisis was characterized by dwindling foreign exchange reserves, high inflation, a sharp depreciation of the rupee, and difficulties in meeting external debt obligations.