“In the formative stages of reforms development of credit markets, administrative intervention in interest rates is both necessary and desirable.” Identify the sector under which the aforesaid reform was introduced.
Show Hint
- Tax reforms
- Industrial sector reforms
- Financial sector reforms
- Foreign sector reforms
The Correct Option is C
Solution and Explanation
Economic reforms include:
- Industrial reforms
- Financial sector reforms
- Tax reforms
- External sector reforms
Step 1:Focus of statement
- Development of credit markets
- Regulation of interest rates
Step 2:Identify sector
These aspects relate to:
- Banking system
- Financial institutions
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