Interest rate liberalization and reduction in controls on banks in India by the Reserve Bank of India with regards to interest rates chargeable on…

CA Foundation · Business Economics · PYQS · May 2026
Interest rate liberalization and reduction in controls on banks in India by the Reserve Bank of India with regards to interest rates chargeable on loans and payable on deposits are closely associated with which of the following economic reforms: (I) Fiscal reforms (II) Monetary reforms (III) Capital market reforms (IV) Financial sector reforms
(A) A. Both (II) and (IV)
(B) B. Only (II)
(C) C. Only (I)
(D) D. Both (I) and (III)

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Both (II) and (IV)

Topics: Indian Economy

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