Financial Awareness - Risk, Stability & Emerging Finance
Which institution played a crucial role in supporting India during the 1991 Economic Reforms?
Which institution played a crucial role in supporting India during the 1991 Economic Reforms?
easy Q3 of 15
Step-by-Step Solution
Step 1: Identify international support during 1991 reforms
India sought financial assistance to manage its crisis in 1991.Step 2: Analyze options
The IMF provided a bailout package and policy guidance; WTO was established later in 1995; ADB and OPEC were not central to 1991 reforms.Final Answer:
International Monetary Fund (IMF) → Option BQuick Check:
Institution supporting 1991 reforms = IMF ✅
Quick Trick: IMF bailout linked with 1991 crisis.
Common Mistakes:
- Confusing WTO or ADB as key supporters in 1991.
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