13 Views

Question : Which international event acted as a catalyst for economic reforms in India?

 

Option 1: Global financial crisis

Option 2: Cold War

Option 3: Indian independence movement

Option 4: Collapse of the Soviet Union


Recommended : Get important details about BEL First Grade College, Bangalore. Download Brochure
Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: Collapse of the Soviet Union


Solution : The correct answer is (d) Collapse of the Soviet Union

The collapse of the Soviet Union in 1991 acted as a catalyst for economic reforms in India. The Soviet Union had been a significant economic and political ally of India, and its collapse had far-reaching implications globally.

The collapse of the Soviet Union had a profound impact on India's perception of state-controlled and centralized economic systems. It served as a wake-up call, prompting the Indian government to acknowledge the limitations of its existing economic policies and embrace market-oriented reforms.

Compare Colleges

College Comparison based on Courses, Placement, Rank, Fee

Compare Now

Know More About

Related Questions

Amity University | BCA Admiss...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
Amity University, Noida BBA A...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
Amity University, Noida B.Com...
Apply
Ranked as India’s #1 Not for profit pvt. University by India Today
Manav Rachna-MRIIRS B.A Admis...
Apply
NAAC A++ Grade | 41000+ Alumni network | Students from over 20 countries
Amity University Admissions 2025
Apply
Amongst top 3% universities globally (QS Rankings) | Ranked as India’s #1 Not for profit pvt. University by India Today
Galgotias University | Admiss...
Apply
25+ years of legacy | NAAC A+ Grade | 800+ Recruiters | 1.5 CR-Highest Package
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