Question:medium
Economic reforms were introduced in India and Pakistan in the years _________ and _______ , respectively.
(Choose the correct alternative to fill in the blanks)
Economic reforms were introduced in India and Pakistan in the years _________ and _______ , respectively.
(Choose the correct alternative to fill in the blanks)
Show Hint
Remember key years of economic reforms in different nations, especially major policy shifts like LPG in India.
Updated On: Jan 13, 2026
- 1988, 1978
- 1991, 1978
- 1991, 1988
- 1981, 1991
Show Solution
The Correct Option is C
Solution and Explanation
India: In response to a balance of payments crisis, India implemented the Liberalization, Privatization, and Globalization (LPG) policy in 1991.
Pakistan: Pakistan initiated economic reforms in 1988, following the Structural Adjustment Program (SAP) advised by the International Monetary Fund (IMF).
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