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

A-i, B-iii, C-ii

• 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.