Financial Awareness - Risk, Stability & Emerging Finance
Which of the following reforms was introduced to enhance competition and efficiency in the Indian banking sector during the 1990s?
Which of the following reforms was introduced to enhance competition and efficiency in the Indian banking sector during the 1990s?
medium Q6 of 15
Step-by-Step Solution
Step 1: Understand 1990s banking reforms
The 1990s liberalization allowed entry of new private sector banks to increase competition and efficiency.Step 2: Analyze other options
Nationalization occurred in 1969; Priority Sector Lending and KYC norms are regulatory measures, not directly linked to competition enhancement.Final Answer:
Entry of new private sector banks → Option BQuick Check:
1990s reforms = entry of new private banks for competition ✅
Quick Trick: Link private bank entry with 1990s liberalization reforms.
Common Mistakes:
- Confusing nationalization with liberalization or mixing regulatory norms with competition.
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