App Logo

No.1 PSC Learning App

1M+ Downloads
Which Finance Minister in 1991 initiated a series of reforms that freed up the Indian economy and put the country on a strong growth path?

AP Chidambaram

BChandra Shekhar

CYashwant Sinha

DManmohan Singh

Answer:

D. Manmohan Singh

Read Explanation:

In 1991, under prime minister, P. V. Narasimha Rao, Singh was appointed as finance minister. Over the next few years, despite strong opposition, he carried out several structural reforms that liberalised India's economy. It enhanced Singh's reputation globally as a leading reform-minded economist Manmohan Singh is the 13th Prime Minister of India (2004 to 2014). He is the first Prime Minister from the Sikh community. First Prime Minister from the minority community. Only governor of RBI who became the prime minister of India. He was the deputy chairman of the planning commission during the period 1985 to 1987. He is the first prime minister to visit the Siachin glacier. Notable works: Changing India, The Quest for Equity in Development.


Related Questions:

Narasimham Committee Report 1991 was related to which of the following ?

How has globalization impacted India's integration into the global economy?

  1. India has become more interconnected with the global economy, leading to increased vulnerability to global economic fluctuations.
  2. Greater exposure to international trade has resulted in India's increased role in shaping global trade policies.
  3. India's active participation in global governance institutions has elevated its influence in international economic matters.
  4. Enhanced access to international markets has strengthened India's position as a global economic powerhouse.
    Which of the following is the main advantage of the inward foreign direct investments in India?
    Which organisation provided financial support to India during the 1991 economic crisis?
    Which of the following best explains the role of encryption in information security?