Structural Adjustment Program — Prelims Questions

Which of the following was NOT a core component of the Structural Adjustment Program (SAP) implemented in India in 1991?

Consider the following statements regarding the 1991 economic reforms in India: 1. The reforms were primarily triggered by a severe balance of payments crisis. 2. Currency devaluation was undertaken to make imports cheaper and boost domestic consumption. 3. The International Monetary Fund (IMF) and World Bank played a significant role in prescribing conditionalities. Which of the statements given above is/are correct?

Which committee's recommendations were instrumental in shaping the 'financial sector reforms' [VY:ECO-04-02-01] initiated as part of the 1991 Structural Adjustment Program?

The term 'License Raj' was largely dismantled as a part of which major reform under the Structural Adjustment Program?

Which of the following statements best describes the 'Washington Consensus' in the context of Structural Adjustment Programs?