2. Questions Bank
  3. 12th Class
  4. Economics
  5. Liberalisation, Privatisation and Globalisation

12th Class Economics Liberalisation, Privatisation and Globalisation Question Bank MCQs - Liberalisation, Privatisation and Globalisation

  • question_answer
    Which of the following is incorrect with regard to the financial sector reforms taken under the purview of new economic policy, 1991?

    A) Role of RBI shifted from regulator to facilitator of financial institutions.

    B) Foreign investment limit in banks was raised to around 70 percent.

    C) Foreign Institutional Investors (Flls) are now allowed to invest in Indian financial markets.

    D) Banks can set up new branches without the approval of RBI provided they fulfil certain conditions

    Correct Answer: B

    Solution :

    Foreign investment limit in banks was raised to around 50 per cent under the financial sector reform measures.


You need to login to perform this action.
You will be redirected in 3 sec spinner