Liberalisation, Privatisation And Globalisation : An Appraisal

Question 129
CBSEENEC11008956

What change took place in the role of Reserve Bank of India under liberalisation?

Solution

Under liberalisation, there was a substantial shift in role of RBI. Earlier it was a regulator. As a regulator it itself fixed the interest rate structure for the commercial banks. After liberalisation, it became a facilitator. As a facilitator it facilitates free play of the market prices and leave it to the commercial banks to decide their interest rate structure.

Question 130
CBSEENEC11008957

 WTO was established in:

  • 1995

  • 1963

  • 1968

  • 1998

Solution

A.

1995

Question 131
CBSEENEC11008958

WTO is located at:

  • Berlin

  • Geneva

     

  • New York

  • Tokyo

Solution

B.

Geneva

 

Question 132
CBSEENEC11008959

Reserve Bank of India was established in:

 

  • 1935

  • 2004

     

  • 1964

  • 1947

Solution

A.

1935

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