Question : During the suspension of the Five-year Plans, how did the Indian government address immediate economic challenges?
Option 1: By implementing long-term structural reforms
Option 2: By focusing on short-term stabilization measures
Option 3: By increasing foreign aid and loans
Option 4: By privatizing major public sector enterprises
Answer (1)
15th Jan, 2024
Correct Answer: By focusing on short-term stabilization measures
Solution : During the suspension of the Five-year Plans, the Indian government addressed immediate economic challenges by focusing on short-term stabilization measures, such as controlling inflation and managing fiscal deficits, to maintain economic stability.
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