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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