THE ROAD TO REVOLUTION 1700 1774
THE FIRST GREAT AWAKENING RELIGIOUS REVIVAL AND AMERICAN INDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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alcoholism was destroying families
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prisons were poorly run
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children lacked proper education
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all of the above
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Detailed explanation-1: -Answer: The purpose of financial sector reforms is to establish an efficient financial system that will improve the allocative efficiency of resources, promote financial inclusion, protect confidence in the financial system and ensure financial stability.
Detailed explanation-2: -The year 1991 saw India face an unprecedented financial crisis. The crisis was triggered by a major Balance of Payments situation. The crisis was converted into a golden opportunity to reform the country’s economic situation and make-up and introduce fundamental changes in economic policy.
Detailed explanation-3: -These reforms were mainly aimed at opening up the economy and bringing economic reforms to the country. It helped to remove some of the restrictions that had become a hindrance to the economic development of the country. It also helped the private sector expand in the country and contribute to economic growth.
Detailed explanation-4: -Class 12 Economic Reform Since 1991. LPG which is also known as Liberalisation, Privatisation and Globalisation were the three major measures that the Indian government had adopted under its New Economic Policy.