The major economic crisis that triggered reforms in 1991 was:

CA Foundation · Business Economics · MTP · May 2026
The major economic crisis that triggered reforms in 1991 was:
(A) A. Banking crisis
(B) B. Balance of Payments crisis
(C) C. Agricultural crisis
(D) D. Fiscal surplus

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Balance of Payments crisis

Topics: Indian Economy

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