Question

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.

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

What were the reasons behind incompetence of many Indian products and industries before 1991?

Before 1991 why did India face a serious balance of payment problem?

What was the main objective of delicensing?

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Liberalisation, Privatisation And Globalisation : An Appraisal

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

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

What were the reasons behind incompetence of many Indian products and industries before 1991?

Before 1991 why did India face a serious balance of payment problem?

What was the main objective of delicensing?

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?

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