Failures in Administration and Foreign Crisis

Q.

What is meant by a stagnant economy?

Q. Why did seven of the Five-Year Plans implemented fail to achieve their goals?

1. Lack of planning
2. Lack of resources
3. Faulty use of resources
4. Faulty implementation of plans

Q. Assertion (A): India's development was hindered greatly.

Reason (R): The Iraq–Kuwait war happened in 1991.

Choose the correct option based on the two statements given above.

1. Both A and R are true, and R is the correct explanation of A.
2. Both A and R are true, but R is not the correct explanation of A.
3. A is true, but R is false.
4. Both A and R are false.

Q. Identify the reason for the decline in India's economic growth in 1991.

1. Polio epidemic
2. Increased unemployment
3. Foreign exchange crisis
4. Income inequality

Q. How did India land in a foreign exchange crisis in 1991? Sort the events in the sequential order.

1. Iraq-Kuwait war
2. Oil price surge
3. Low foreign reserve
4. Crisis began