send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
Why there was a need for economic reforms in India?
Due to fiscal deficit
Due to adverse BOP
Rise in prices
All of the above
- Option 1: Due to fiscal deficit
- A high fiscal deficit means a government is spending more than it earns.
- It can lead to inflation and hamper economic growth.
- Option 2: Due to adverse BOP
- Balance of Payments (BOP) measures a country’s transactions with the rest of the world.
- A negative BOP indicates that more money is leaving the economy than coming in, leading to currency devaluation.
- Option 3: Rise in prices
- High inflation erodes purchasing power.
- It can result in slower economic growth and hurt low-income groups the most.
- Option 4: All of the above
- Each issue described above contributed to economic instability in India.
- Reforms were essential to restore confidence and stability.
Answer: Option 4 - All of the above
By: santosh ProfileResourcesReport error
Access to prime resources
New Courses