Question

Why did India and Pakistan introduce reforms?

Options

• India and Pakistan introduced economic reforms under the pressure of the World Bank and IMF.

• The economic crisis that emerged in the two countries led to the introduction of reforms. 

• Both India and Pakistan introduced economic reforms under the pressure of the World Bank and IMF and the economic crisis that emerged in the two countries led to the introduction of reforms. 

• None of the above

Answer 1

Both India and Pakistan introduced economic reforms under the pressure of the World Bank and IMF and the economic crisis that emerged in the two countries led to the introduction of reforms. 

Explanation:

Under the pressure of the World Bank and IMF, India and Pakistan implemented economic reforms. Furthermore, the economic crisis that has struck the two countries has prompted reforms.