3.3.2 - Financial Sector Reforms
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Practice Questions
Test your understanding with targeted questions
What is the primary goal of financial sector reforms in India?
💡 Hint: Think about the changes made post-1991.
Who regulates the financial sector in India?
💡 Hint: What is the central banking authority in India?
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Interactive Quizzes
Quick quizzes to reinforce your learning
What was the primary reason for the implementation of financial sector reforms in 1991?
💡 Hint: Consider the economic conditions of India in 1991.
True or False: The Reserve Bank of India (RBI) became less significant following the financial sector reforms.
💡 Hint: Think about the changing responsibilities of the RBI.
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Challenge Problems
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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.
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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