Which of the following comes under financial sector reforms?
Answer & explanation
Correct answer: option 2
The government initiated a variety of policies that fall under three heads i.e. liberalization, privatization, and globalization. Liberalization was further categorized under many heads. Out of the given options "Banking" comes under the "Financial sector reforms". Various other options come under the following head:
Taxation - Tax reforms
Delicensing - Trade and Investment Policy Reforms
Devaluation - Foreign Exchange Reforms