"New Economic Policy 1991 altered the role of Reserve Bank of India (RBI) in the economy." Justify the given statement with valid explanation.
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Solution and Explanation
- Focus on Monetary Policy: The RBI’s role shifted from managing public debt and funding the government to controlling inflation and maintaining monetary stability.
- Reduction in Directed Credit: The RBI reduced its control over credit allocation to different sectors, giving commercial banks more autonomy in lending decisions.
- Foreign Exchange Management: With liberalization, the RBI focused more on managing exchange rates and foreign capital flows.
- Banking Sector Reforms: RBI played a key role in implementing banking reforms, promoting competition, and adopting better practices in the financial sector.
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Write any four problems faced by the animals that thrive in forests and oceans:
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A stain is an unwanted mark of discolouration on a fabric caused due to contact with another substance which cannot be removed by the normal washing process. Stains can be grouped on the basis of their origin, e.g. tea, coffee and fruits come from vegetable source. Stains from shoe polish, tar, oil paints come under grease stains. Animal stains comprise of stains formed by milk, blood and eggs, whereas marks on your clothes after sitting on an iron bench are those of rust and come under mineral stains. Then there are stains that are formed due to dye, into perspiration which can be categorised under miscellaneous stains. Read the given passage and complete the table. Suggest a suitable title.
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- In microeconomics, opportunity cost refers to:
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Here are two analogous groups, Group-I and Group-II, that list words in their decreasing order of intensity. Identify the missing word in Group-II.
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Eight students (P, Q, R, S, T, U, V, and W) are playing musical chairs. The figure indicates their order of position at the start of the game. They play the game by moving forward in a circle in the clockwise direction.
After the 1st round, the 4th student behind P leaves the game.
After the 2nd round, the 5th student behind Q leaves the game.
After the 3rd round, the 3rd student behind V leaves the game.
After the 4th round, the 4th student behind U leaves the game.
Who all are left in the game after the 4th round?
- Which one of the following plots represents \( f(x) = -\frac{|x|}{x} \), where \( x \) is a non-zero real number?
Note: The figures shown are representative. The 12 musical notes are given as \( C, C^\#, D, D^\#, E, F, F^\#, G, G^\#, A, A^\#, B \). Frequency of each note is \( \sqrt[12]{2} \) times the frequency of the previous note. If the frequency of the note C is 130.8 Hz, then the ratio of frequencies of notes F# and C is: