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GK QUESTION#1237

The 1991 economic liberalisation in India was primarily supported by which international bodies?

  1. AWorld Bank and IMFCorrect answer
  2. BUNDP and WHO
  3. CWTO and OECD
  4. DADB and FAO
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Answer

A. World Bank and IMF

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Explanation

World Bank and IMF. India’s 1991 economic liberalisation was supported by the IMF and World Bank during the Balance of Payments crisis, leading to LPG reforms.

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