Economics · Economic Reforms
What was the primary goal of the insurance sector reforms in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To nationalize all remaining private insurance firms.
- 2To restrict the entry of new players and joint ventures.
- 3To build an efficient, competitive financial services industry.✓
- 4To control interest rates and government pre-exemption of resources.
Correct answer
To build an efficient, competitive financial services industry.
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