Which of the following factors was/were responsible for the Balance of Payment crisis in 1991 in India?
1. Increase in Fiscal Deficit
2. Rise in the price of Petroleum oil
3. Rapid increase in money supply
Select the correct answer using the code given below.
1
1 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3