Economics · Economic Systems and Banking Regulations
Despite India operating primarily as a market-oriented mixed economy, which of the following regulatory actions reflects a persistent element of a Command Economy framework?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The complete reliance on free-market price mechanisms to establish interest rates for corporate defense financing.
- 2The Reserve Bank of India's mandatory compliance directives regarding Priority Sector Lending (PSL) targets.✓
- 3The government's implementation of policies facilitating private sector entry into defense production.
- 4A bank deploying high-tech digital systems to facilitate customer onboarding.
Correct answer
The Reserve Bank of India's mandatory compliance directives regarding Priority Sector Lending (PSL) targets.
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