16.Which of the following are the reasons for the economic crisis in 1991? Huge fiscal imbalances High level of borrowing High Exports High Imports Choose the correct option from the codes given below: [A] 1,2 and 3 only [B] 1 and 2 only [C] 1,2 and 4 only [D] All the above Show Answer
In addition, the 1991 crisis in India is believed to have been caused mainly by high fiscal deficits, the loss of confidence in the government, and mounting current account deficits.
