Economics · Banking Sector Reforms
Which of the following is an example of a Financial Sector Transformation that increased the scope of liability products for banks post-1991?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increase in the government's shareholding in public sector banks.
- 2Deregulation of interest rates on bank deposits.✓
- 3Complete state monopoly over insurance companies.
- 4Increase in the Statutory Liquidity Ratio (SLR).
Correct answer
Deregulation of interest rates on bank deposits.
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