which sector reforms reduced the role of RBI from regulator to facilitator? *
1 point
Financial sector
Industrial sector
Agricultural sector
None
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Liberalisation has changed the role of RBI from 'a regulator' to 'a facilitator' of the financial sector. As a regulator RBI was deciding the interest rate structure for the commercial banks, but now as a facilitator The interest rate is decided by the free play of market forces and competition.
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