Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Bank Branch Freedom
Banks can now rationalise their existing branch networks, meaning they can:
- Only open new branches
- Restructure or close underperforming branches — Correct Answer
- Only operate in metro cities
- Only serve government clients
Explanation:
Correct Answer Explanation
Banks were given freedom to set up new branches without RBI approval and rationalise existing branch networks.
Key Points:
- Part of financial sector reforms to increase efficiency.
📚 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.
