Question

Why did RBI have to change its role from controller to facilitator of financial sector in India?

Solution

The most important function of Reserve Bank of India is to interfere in banks lending operations, capital adequacy and accounting norms for safeguarding the interests of the account holders and to regulate the total volume of lending and interest rates in public interest.

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

Before 1991, MRTP Act inhibited the growth of industries. How?

State the steps taken by the government towards liberalisation under the New Economic Policy.

What is the meaning of disinvestment of Public Sector Units?

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Liberalisation, Privatisation And Globalisation : An Appraisal

Why did RBI have to change its role from controller to facilitator of financial sector in India?

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

Before 1991, MRTP Act inhibited the growth of industries. How?

State the steps taken by the government towards liberalisation under the New Economic Policy.

What is the meaning of disinvestment of Public Sector Units?

What does foreign direct investinent mean?

What does fiscal deficit indicate?

How did the government promote exports before 1991?

When was new economic policy adopted?

What was the level of foreign exchange reserves in 1991?

State the reasons for slow growth of private sector before 1991.

Discuss the industrial policy of 1991. How is it different from earlier policies?

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