In 1991 India met with an economic crisis Which of the following can be quoted as a reason for the s...........

Economic Affairs NCERT

In 1991 India met with an economic crisis. Which of the following can be quoted as a reason for the same?

1. The high level of external debt.

2. High level of foreign exchange reserve.

3. Rising prices of essential goods.

4. Import substitution policy of India.

5. Political instability.

Code:

1 and 2

Only 1

2, 3 and 4

All the above

The high level of external debt.

Low level of foreign exchange reserve.

Rising prices of essential goods.

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