Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Financial Sector Reform Aim
One of the major aims of financial sector reforms is to reduce the role of RBI from:
- Facilitator to regulator
- Regulator to facilitator — Correct Answer
- Lender to borrower
- Borrower to lender
Explanation:
Correct Answer Explanation
The aim is to reduce RBI's role from regulator to facilitator of the financial sector.
Key Points:
- Financial sector may take decisions without consulting RBI on many matters.
- Certain managerial aspects retained with RBI to safeguard interests of account-holders and nation.
📚 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.
