WBCS.LIVE practice question

‘Economic Reforms’ were introduced in India in

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 1989
  2. 1990
  3. 1991
  4. 1992

Correct answer and explanation

Correct answer: 1991

Explanation: ✅ Correct Answer: C) 1991 📚 Explanation: Major Economic Reforms (LPG - Liberalization, Privatization, and Globalization) were introduced in India in 1991 under the leadership of P. V. Narasimha Rao and Dr. Manmohan Singh. These reforms were a response to a severe balance of payments crisis. They opened up the Indian economy to the world and reduced government control over industry.