Which of the following incidents triggered the BOP crisis in 1991?

Mounting external debt

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Rising import bill

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Rising foreign reserves

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Devaluation

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Solution

The correct options are
A
Mounting external debt

B
Rising import bill

D
Devaluation

Rising foreign reserves is the incorrect answer because, during this time, foreign reserves were declining rapidly.

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Similar questions

Dummy (to be removed) Which of the following incidents triggered the BOP crisis in 1991?

Which of the following developments were responsible for BoP crisis of 1991 in India with respect mid 1980s?

Code:

Q21. The Balance of payment (BOP) crisis of India in 1991 was due to

i) Breakup of the soviet – Block

ii) Iraq – Kuwait war

Choose the correct answer

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