The immediate cause for the 1991 reforms was:

CA Foundation · Business Economics · MTP · May 2026
The immediate cause for the 1991 reforms was:
(A) A. Trade surplus
(B) B. Balance of payments crisis
(C) C. Political change
(D) D. Agricultural boom

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Balance of payments crisis

Topics: Indian Economy

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