Question:
Economic reforms were introduced in India and Pakistan in the years _________ and _______ , respectively.
(Choose the correct alternative to fill in the blanks)
Economic reforms were introduced in India and Pakistan in the years _________ and _______ , respectively.
(Choose the correct alternative to fill in the blanks)
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Remember key years of economic reforms in different nations, especially major policy shifts like LPG in India.
Updated On: Jan 30, 2025
- 1988, 1978
- 1991, 1978
- 1991, 1988
- 1981, 1991
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The Correct Option is C
Solution and Explanation
India: Economic reforms in India were introduced in 1991 as part of the Liberalization, Privatization, and Globalization (LPG) policy to address the balance of payments crisis.
Pakistan: Pakistan began its economic reforms in 1988 under the Structural Adjustment Program (SAP) recommended by the International Monetary Fund (IMF).
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