1Mediumprelims2 marks
Business & Economy
The economic crisis in the latter half of 1990s most seriously affected Indonesia, Thailand, Malaysia and South Korea. The cause of the crisis was
Amismanagement of the financial resources and financial sector, in general
Bthe prolonged over-valuation of local currencies vis-à-vis the western currencies
Cthe downswing and recession in the western economies which earlier provided export market to these export-oriented countries
DNone of the above