BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following is not an objective of financial sector reform in India?

A	Creating an efficient, productive and profitable financial sector industry
B	Preparing the financial system for increasing international competition
C	Opening the external sector in a calibrated fashion
D	Reducing the fiscal deficit

Explanation:

Detailed explanation-1: -The main objective of the financial sector reforms is to allocate the resources efficiently, increasing the return on investment and accelerated the growth of real sector in the economy. 2. Create an efficient, competitive and stable that could contribute measure to stimulate growth. 3 .

Detailed explanation-2: -To increase liquidity in economy is not the main objective of Fiscal Policy in India.

Detailed explanation-3: -The main objective of banking sector reforms was to promote a diversified, efficient and competitive financial system with the ultimate goal of improving the allocative efficiency of resources through operational flexibility, improved financial viability and institutional strengthening.

Detailed explanation-4: -Objectives of Fiscal Policy The following are the objectives of the Fiscal Policy: Higher Economic Growth. Price Stability. Reduction in Inequality.

There is 1 question to complete.