Question : In India, _____fixes the Cash Reserve Ratio(CRR) for the banks in the economy.

Option 1: Reserve Bank of India

Option 2: Ministry of Finance

Option 3: Ministry of External Affairs

Option 4: State Bank of India

Question : Statement 1: Liberalization of the financial sector in India aimed to promote competition among banks.

Statement 2: The Reserve Bank of India (RBI) was abolished as part of financial sector reforms.

Option 1: Both statements are true.

Option 2: Both statements are false.

Option 3: Statement 1 is true, and statement 2 is false.

Option 4: Statement 1 is false, and statement 2 is true.

Question : The Foreign Exchange Regulation Act was replaced by the ______ in India.

Option 1: Foreign Exchange Currency Act

Option 2: Foreign Exchange Finances Act

Option 3: Foreign Exchange Funds Act

Option 4: Foreign Exchange Management Act

Question :  What was the main focus of the New Economic Policy introduced in India in 1991?

Option 1:  Liberalization of the economy

Option 2: Promotion of small scale industries

Option 3: Nationalization of banks

Option 4:  Strengthening of public sector units

Question : Which of the following institutions is responsible for regulating and supervising the functioning of foreign banks in India?

Option 1: Reserve Bank of India (RBI)

Option 2: Securities and Exchange Board of India (SEBI)

Option 3: National Stock Exchange of India (NSE)

Option 4: None of the above