Financial Awareness - Risk, Stability & Emerging Finance
Which of the following was a major criticism of the 1991 Economic Reforms in India?
Which of the following was a major criticism of the 1991 Economic Reforms in India?
hard Q9 of 15
Step-by-Step Solution
Step 1: Understand criticisms of 1991 reforms
While reforms boosted growth, they also led to socio-economic challenges.Step 2: Analyze options
Increased income inequality and regional disparities is a well-known criticism; government control reduced, foreign investment increased, and public sector enterprises were not completely closed.Final Answer:
They increased income inequality and regional disparities → Option AQuick Check:
Major criticism of 1991 reforms = Income inequality rise ✅
Quick Trick: Remember reforms had growth but also inequality issues.
Common Mistakes:
- Confusing reforms with increased government control or investment decline.
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