Economics · Economy
Post 1991 economic reforms, India witnessed significant changes in the banking sector. What is one major reform introduced in the banking sector?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Freezing interest rates
- 2Deregulation of interest rates✓
- 3Abolition of all private banks
- 4Increase in Statutory Liquidity Ratio (SLR)
Correct answer
Deregulation of interest rates
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