Loans from the IMF came with conditions requiring a policy of:
AWage indexation
BStructural adjustment
CImport substitution
DLand redistribution
Answer & Solution
Correct answer: B. Structural adjustment
1. The government committed to certain economic measures.
2. These are structural adjustments.
3. They usually cut social sector spending.
_Source: syllabus Social Change and Development in India, Chapter 6, Globalisation and Social Change._
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