Before financial reforms, the banking system was characterised by all of the following except:

CA Foundation · Business Economics · MTP · April 2025
Before financial reforms, the banking system was characterised by all of the following except:
(A) A. administered interest rate structure
(B) B. quantitative restrictions on credit flow
(C) C. high revenue requirements
(D) D. keeping very less lendable resources for the priority sector

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. keeping very less lendable resources for the priority sector

Topics: Indian Economy

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