Podcast
Questions and Answers
Who did President Gotabaya Rajapaksa blame for the rising prices of essential products?
Who did President Gotabaya Rajapaksa blame for the rising prices of essential products?
What triggered the Sri Lankan Government to declare an economic emergency in August 2021?
What triggered the Sri Lankan Government to declare an economic emergency in August 2021?
What action did the Sri Lankan government take to manage the problem of rising prices and shortages?
What action did the Sri Lankan government take to manage the problem of rising prices and shortages?
Who was appointed as the commissioner of essential services with the power to regulate food items and their prices?
Who was appointed as the commissioner of essential services with the power to regulate food items and their prices?
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What caused a significant amount of loss to the tourism industry in Sri Lanka in the months following April 2019?
What caused a significant amount of loss to the tourism industry in Sri Lanka in the months following April 2019?
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Study Notes
Sri Lankan Economic Crisis
- President Gotabaya Rajapaksa blamed hoarders and traders for the rising prices of essential products.
- The Sri Lankan Government declared an economic emergency in August 2021 due to the shortage of essential items and rising prices.
- To manage the problem of rising prices and shortages, the Sri Lankan government appointed a commissioner of essential services with the power to regulate food items and their prices.
- The commissioner was tasked with managing the supply and distribution of essential goods and services to mitigate the crisis.
- The Easter Sunday bombings in April 2019 caused a significant loss to the tourism industry in Sri Lanka, resulting in a decline in revenue and economic instability.
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Description
Test your knowledge of Sri Lanka's economic crisis and its impact on India with this quiz. Learn about the factors contributing to the crisis and its implications for the neighboring country.
