Match the following reforms with their corresponding sectors:
A. Industrial sector
B. Financial sector
C. Trade and investment sector
Options:
(i) Deregulation of industrial licensing
(ii) Reduction of tariff rates
(iii) Introduction of private sector banks
Answer & explanation
Correct answer: option 3
- Deregulation of industrial licensing was a reform introduced in the industrial sector.
- The introduction of private sector banks was a reform in the financial sector.
- Reduction of tariff rates was a reform in the trade and investment sector.