Question

The policy of liberalisation change to the the role of RBI from a regulator to a facilitator in financial sector.
defend or refute the given statement with valid arguments?​

Answer 1

Answer:

yes , the stated statement is correct. liberalisation policy changed the role of R. B. I from regulator to facilatator.

- earlier R. B. I fixes the rate of interest of commercial bank now it completely relies upon market forces.

- banks have been to setup their branches.

- this policy led to establishment of private sector banks

- financial organizations now free to take many decisions without consulting the R. B. I