Question : Fill in the blanks- Under financial sector reforms, the limit of foreign investment in banks was raised to around ____%.
Option 1: 50
Option 2: 51
Option 3: 75
Option 4: 80
Correct Answer: 51
Solution : Under financial sector reforms, the limit of foreign investment in banks was raised to around 51%. Mutual funds, pension funds, foreign institutional investors, etc were now allows to invest in Indian financial markets. Hence Option B is correct.
Question : Which of the following are the steps taken under ease of expansion process of financial sector reforms?
Option 1: Change role of RBI from facilitator to regulator
Option 2: Origin of private sector banks
Option 3: Increasing limit of foreign investment.
Option 4: All of the above
Question : Which of the following is not the economic reforms taken by the government under liberalisation?
Option 1: Foreign exchange reforms
Option 2: Land reforms
Option 3: Trade and Investment policy reforms
Option 4: All of the above are taken by government.
Question : What was the main objective of financial sector reforms in the 1991 economic policy?
Option 1: Encouraging foreign direct investment (FDI)
Option 2: Strengthening the banking sector
Option 3: Promoting rural credit
Option 4: Controlling inflation
Question : Fill in the blank- Under Industrial sector reforms, the number of industries, exclusively reserved for the public sector, reduced from 17 to ____ industries.
Option 1: 6
Option 2: 8
Option 3: 10
Option 4: 12
Question : Fill in the blanks- ______ refers to reforms in government taxation and public expenditure policies.
Option 1: Monetory policy
Option 2: Direct taxes
Option 3: Indirect taxes
Option 4: Tax reforms.
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