Economics · Economy
Which of the following reflects the structural adjustment in India's monetary policy after the 1991 economic reforms?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Expansion of currency supply through deficit financing
- 2Elimination of open market operations as a regulatory tool
- 3Market-determined interest rates with reduced RBI intervention✓
- 4Controlled lending rates for agriculture and MSMEs
Correct answer
Market-determined interest rates with reduced RBI intervention
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