Practicing Success
Practicing Success
CUET Preparation Today
| In which areas were the "Liberalisation measures" introduced during the economic crisis in the year 1991? |
Financial sector Industrial sector External sector (Foreign exchange) All of the above |
| All of the above |
| Liberalisation, as the term suggests, means to have a lot of freedom in deciding how to behave and think. Similarly, in financial sector, role of RBI changed from regulator to facilitator. In industrial reforms, licensing was abolished for almost all products except few. In foreign exchange reforms, now markets determined exchange rates based on the demand and supply of foreign exchange. |
