When did the first economic war between Pakistan and India take place?

The first economic war between Pakistan and India took place in 1948, shortly after their independence. This conflict arose primarily from disputes over the division of assets, trade policies, and India's refusal to release Pakistan's share of cash balances, leading to significant economic strain and trade disruptions between the newly formed nations.

• Option B (1955) is incorrect; while economic tensions persisted, the initial major conflict was earlier.
• Option C (1965) refers to a full-scale military war, which had economic repercussions but was not the first economic war itself.
• Option D (1971) also marks a major military conflict, not the inaugural economic confrontation.