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Narasimham Committee Report 1991 was related to which of the following ?

AAgriculture Reforms

BTrade Reforms

CTax Reforms

DFinancial Sector reforms

Answer:

D. Financial Sector reforms

Read Explanation:

In 1991 The Reserve Bank of India had proposed the committee chaired by M. Narasimham, former RBI Governor to review the Financial System and aspects relating to the Structure, Organization, Procedures and Functioning of the financial system. Committee submitted two reports, in 1992 and 1998, which laid significant thrust on enhancing the efficiency and viability of the banking sector. The Narasimham Committee laid the foundation for the reformation of the Indian banking sector.

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What was one of the main goals of the Industrial Policy after 1991?
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The main objective of the New Economic Policy (NEP) of India (1991)

  1. i. To bring down poverty and unemployment.
  2. To bring down the rate of inflation and remove imbalances in payment.
  3. To move towards a higher economic growth rate and build sufficient foreign exchangereserves.
  4. To plunge the Indian economy into the arena of Globalization and to give it a newthrust on market orientation.

Which of the above statements are not correct ? 

 

Which of the following statements accurately describe the impact of globalization on the global economy?

  1. Increased international trade and financial flows have led to greater economic interconnectedness between countries.
  2. Globalization has uniformly reduced economic inequality and poverty worldwide, leading to a more equitable distribution of wealth.
  3. Globalization has consistently promoted the preservation of cultural diversity and heritage, reinforcing local traditions and customs.
  4. Globalization has had minimal environmental impact, as advancements in technology have helped reduce carbon emissions and promote sustainable practices globally.