Financial Awareness - Risk, Stability & Emerging Finance
Which Indian Finance Minister is credited with initiating the 1991 economic reforms that led to LPG?
Which Indian Finance Minister is credited with initiating the 1991 economic reforms that led to LPG?
medium Q4 of 15
Step-by-Step Solution
Step 1: Recall key personalities
The 1991 economic reforms were initiated under Prime Minister P.V. Narasimha Rao with Manmohan Singh as Finance Minister.Step 2: Analyze options
Yashwant Sinha, P. Chidambaram, and Pranab Mukherjee served as Finance Ministers later, not during 1991 reforms.Final Answer:
Manmohan Singh → Option BQuick Check:
1991 reforms Finance Minister = Manmohan Singh ✅
Quick Trick: Manmohan Singh = Architect of 1991 reforms
Common Mistakes:
- Confusing with later Finance Ministers like Yashwant Sinha
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