Question

Economic reforms were introduced in India and Pakistan in the years _________ and _______ , respectively. 
(Choose the correct alternative to fill in the blanks)

• A. 1988, 1978
• B. 1991, 1978
• C. 1991, 1988
• D. 1981, 1991

Hint:

Remember key years of economic reforms in different nations, especially major policy shifts like LPG in India.

Answer 1

The Correct Option is C

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).