Practice Financial Sector Reforms - 3.3.2 | 3. LIBERALISATION, PRIVATISATION AND GLOBALISATION AN APPRAISAL | CBSE 11 Indian Economic Development
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Financial Sector Reforms

3.3.2 - Financial Sector Reforms

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Practice Questions

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Question 1 Easy

What is the primary goal of financial sector reforms in India?

💡 Hint: Think about the changes made post-1991.

Question 2 Easy

Who regulates the financial sector in India?

💡 Hint: What is the central banking authority in India?

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What was the primary reason for the implementation of financial sector reforms in 1991?

To liberalize trade
To address a financial crisis
To increase tax revenue

💡 Hint: Consider the economic conditions of India in 1991.

Question 2

True or False: The Reserve Bank of India (RBI) became less significant following the financial sector reforms.

True
False

💡 Hint: Think about the changing responsibilities of the RBI.

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Challenge Problems

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Challenge 1 Hard

Critically evaluate the role of deregulation in enhancing competition in the Indian banking sector. What are the potential downsides of this approach?

💡 Hint: Think about the balance between regulation and competition.

Challenge 2 Hard

Assess the impact of increased foreign institutional investments on local banking services in India. Do these investments always lead to positive outcomes?

💡 Hint: Consider advantages and disadvantages of foreign investments.

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