Official Answer Key & Detailed Solution
Ready to check the official UPSC Answer Key?
Click any option above to test yourself under exam conditions, or reveal the explanation directly.
Correct Answer: Option (B) — Economic crisis due to huge public debt
Concept & Option Breakdown
Standard Reference VerifiedIn late 2001 and 2002, Argentina experienced an unprecedented economic crisis caused by massive public debt default, the collapse of the currency peg, high unemployment, and banking restrictions (the 'Corralito'), which led to widespread riots and social unrest.
Practice Full-Length & Sectional Prelims Mocks on this Interface
50 simulated tests in the APT Prelims Test Series (₹1,493) or 1-on-1 Mentorship with Avinash Sir.