Here are some MCQs on Banking Reforms During Liberalization
1. Which year marked the beginning of banking reforms during liberalization in India?
a) 1991
b) 1985
c) 2005
d) 1975
2. The banking reforms were introduced to promote:
a) State-controlled banks
b) Monopoly in the banking sector
c) Efficiency and competition in the banking sector
d) Cartels in the banking sector
3. The formation of which committee played a crucial role in shaping the banking reforms during liberalization?
a) Raghuram Rajan Committee
c) Chanda Kochhar Committee
d) Subramanian Swamy Committee
4. Which of the following is not a key feature of banking reforms during liberalization?
a) Privatization of public sector banks
b) Increase in foreign direct investment (FDI) in the banking sector
c) Introduction of Basel norms for risk management
d) Nationalization of private sector banks
5. Which committee recommended the adoption of “Financial Inclusion” as a key objective for banking reforms during liberalization?
a) Chanda Kochhar Committee
b) Narasimham Committee
c) Raghuram Rajan Committee
d) Committee on Financial Sector Reforms
