Which of the following was a problem faced by the Indian economy before the 1991 reforms?

National debt was nearly

60

percent of the GNP of India

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Inflation crosses double digits

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Foreign reserves were maintained at a very high level

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Both A and B

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Solution

The correct option is C Both A and B
Before 1991 reforms, the Indian economy faced many problems. This included national debt which was nearly 60 per cent of the Gross National Product(GNP) of India. Moreover, Inflation crossed double digits. Furthermore, there was tremendous population pressure, massive unemployment and other problems.

Thus, the correct answer is D.

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