Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
RBI Safeguard Role
Despite financial reforms, certain managerial aspects were retained with RBI to safeguard:
- Interests of foreign investors only
- Interests of account-holders and the nation — Correct Answer
- Profits of private banks only
- Government's fiscal deficit
Explanation:
Correct Answer Explanation
Certain managerial aspects retained with RBI to safeguard the interests of account-holders and the nation.
Key Points:
- Banks given permission to generate resources from India and abroad.
- But RBI maintains oversight for safety.
📚 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.
