Practicing Success
Practicing Success
CUET Preparation Today
| Which sector saw the establishment of private sector banks as a result of the reform policies introduced in and after 1991? |
Monetary Sector Service sector Manufacturing sector Financial sector |
| Financial sector |
| The reform policies introduced in and after 1991 led to the establishment of private sector banks in the financial sector. These reforms aimed to increase competition and provide more options for banking services in the country. The foreign investment limit in banks was also raised, allowing for greater participation of foreign investors in the banking sector. |
