Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
New Branch Setup by Banks
After reforms, banks fulfilling certain conditions were given freedom to:
- Close all rural branches
- Set up new branches without RBI approval — Correct Answer
- Lend without any limits
- Operate without any regulations
Explanation:
Correct Answer Explanation
Banks could set up new branches without the approval of the RBI and rationalise existing branch networks.
Key Points:
- A key part of financial sector reforms.
- Banks also got permission to generate resources from India and abroad.
📚 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.
