Economy, asked by chilukuriindu8633, 8 months ago

b) Explain any four financial sector reforms introduced in 1991?

Answers

Answered by sunidhisingh40

2

Answer:

Prior to 1991 system of multiple regulated interest rates prevailed. Besides, a large proportion of bank funds was preempted by Government through high Statutory Liquidity Ratio (SLR) and a high Cash Reserve Ratio (CRR). ... Financial sector reforms aim at removing all these weaknesses of the financial system.

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