Question

The role of RBI has changed from Controller to Facilitator. Do you agree with the statement? Explain why.​

Answer 1

Answer:

This means that greater autonomy may be granted to the financial sector in taking decisions on various matters without consulting the RBI. The- reform policies led to establishment of private sector banks.

Explanation:

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Answer 2

Answer:

Why did RBI have to change its role from controller to facilitator of financial sector in India? Answer: ... This means that greater autonomy may be granted to the financial sector in taking decisions on various matters without consulting the RBI. The- reform policies led to establishment of private sector banks.

Explanation:

here the answer hope it helps