Question : What was a major economic challenge faced by India during the suspension of the Five-year Plans?
Option 1: Hyperinflation
Option 2: Balance of payments crisis
Option 3: Excessive foreign debt
Option 4: Decline in industrial output
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Answer (1)
22nd Jan, 2024
Correct Answer: Balance of payments crisis
Solution : A major economic challenge faced by India during the suspension of the Five-year Plans was a balance of payments crisis, which put pressure on the country's foreign exchange reserves and economic stability.
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