4 Views

Question : Statement 1: The 1991 economic policy in India aimed to address high inflation and fiscal deficit.

Statement 2: The economic reforms of 1991 were initiated under the leadership of Indira Gandhi.

 

Option 1: Both statements are true.

Option 2: Both statements are false.

Option 3: Statement 1 is true, and statement 2 is false.

Option 4: Statement 1 is false, and statement 2 is true.


Recommended : Get important details about BEL First Grade College, Bangalore. Download Brochure
Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 26th Jan, 2024

Correct Answer: Statement 1 is true, and statement 2 is false.


Solution : The correct answer is (c) Statement 1 is true, and statement 2 is false.

Statement 1 is true. The economic reforms of 1991 were introduced to tackle various economic challenges, including high inflation and a significant fiscal deficit. The policy aimed to stabilize the economy, promote growth, and address macroeconomic imbalances.

Statement 2 is false. The economic reforms of 1991 were implemented under the leadership of Prime Minister P.V. Narasimha Rao and his Finance Minister Dr. Manmohan Singh. Indira Gandhi served as the Prime Minister of India in earlier years, but she was not in power during the implementation of the 1991 economic reforms.

Compare Colleges

College Comparison based on Courses, Placement, Rank, Fee

Compare Now

Know More About

Related Questions

RV University, Bangalore | BC...
Apply
Comprehensive education for the tech-driven era. Cutting-edge labs and facilities. Merit-based scholarships available
RV University, Bangalore | B....
Apply
High-quality global education at an affordable cost. International exchange programs & collaborations
University of Southampton Del...
Apply
B.Sc (Hons) Admissions 2026 Now Open | Ranked Among the Top 100 Universities in the World by QS World University Rankings 2025
Amity University-Noida B.Com ...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Amity University-Noida BBA Ad...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Manav Rachna-MRIIRS B.A Admis...
Apply
Recognized as Category-1 Deemed to be University by UGC | 41,000 + Alumni Imprints Globally | Students from over 20+ countries
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books