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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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Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 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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