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Consider the following statements. 1. In 1991, India launched a process of economic reforms in response to a fiscal and balance of payment crisis.2. Reforms started in the 1990s much wider and deeper than reforms of 1980s.Which of these statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements. 1. In 1991, India launched a process of economic reforms in response to a fiscal and balance of payment crisis.2. Reforms started in the 1990s much wider and deeper than reforms of 1980s.Which of these statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. 1. In 1991, India launched a process of economic reforms in response to a fiscal and balance of payment crisis.2. Reforms started in the 1990s much wider and deeper than reforms of 1980s.Which of these statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.

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