Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Financial Sector Regulator
The financial sector in India is regulated by:
- SEBI
- Ministry of Finance
- Reserve Bank of India (RBI) — Correct Answer
- NITI Aayog
Explanation:
Correct Answer Explanation
The financial sector in India is regulated by the Reserve Bank of India (RBI).
Key Points:
- RBI decides money banks can keep, fixes interest rates, nature of lending to various sectors.
- Financial sector includes commercial banks, investment banks, stock exchange, foreign exchange market.
- Major aim of reforms: Reduce RBI's role from regulator to facilitator.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
