Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Awareness Basic Banking Concepts
What were the factors which led to economic reforms of 1991?
1. Rise in prices before 1991 with inflation 16.7%
2. Fiscal deficit became 36.4% of total government expenditure.
3. Increase in adverse balance of payments to 17367 Cr.
4. Due to Iraq war in 1990-91.
1
Only 1 and 2
2
Only 2 and 3
3
Only 1, 2 and 3
4
All of these