Assertion (A): The 1991 crisis forced India to borrow from the IMF and the World Bank.
Reason (R): India had large foreign exchange reserves in 1991.

Both A and R are true, and R is the correct explanation of A.Correct answerYour answerBoth A and R are true, but R is not the correct explanation of A.Correct answerYour answerA is true, but R is false.Correct answerYour answerA is false, but R is true.Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

A is true.
Reserves were barely enough for two weeks of imports, so R is false.

Concept: The 1991 crisis
Typical timeTypical: 100 s
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The rule this testsThe 1991 crisis

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Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

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Assertion (A): The 1991 crisis forced India to borrow from the IMF and the World Bank.Reason (R): India had large foreign exchange reserves in 1991.

Explanation

Assertion (A): The 1991 crisis forced India to borrow from the IMF and the World Bank.
Reason (R): India had large foreign exchange reserves in 1991.