New Economic Policy 1991 altered the role of Reserve Bank of India (RBI) in the economy.
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Solution and Explanation
Defend: The New Economic Policy (1991) brought significant liberalization reforms that impacted the role of the RBI:
Deregulation of Financial Sector: RBI shifted from controlling credit to regulating it, emphasizing monetary policy formulation over direct intervention in lending activities.
Banking Sector Reforms: RBI played a key role in introducing prudential norms and supervising financial institutions to enhance efficiency and transparency.
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Questions Asked in GATE XH-C1 exam
- An organization allows its employees to work independently on consultancy projects but charges an overhead on the consulting fee.
The overhead is 20% of the consulting fee if the fee is up to ₹5,00,000.
For higher fees, the overhead is ₹1,00,000 plus 10% of the amount by which the fee exceeds ₹5,00,000.
The government charges a Goods and Services Tax (GST) of 18% on the total amount (i.e., the consulting fee plus the overhead).
An employee of the organization charges this entire amount — that is, the consulting fee, overhead, and tax — to the client.
If the client cannot pay more than ₹10,00,000, what is the maximum consulting fee that the employee can charge? 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?
The following figures show three curves generated using an iterative algorithm. The total length of the curve generated after 'Iteration n' is:
Two players \( A \) and \( B \) are playing a game. Player \( A \) has two available actions \( a_1 \) and \( a_2 \). Player \( B \) has two available actions \( b_1 \) and \( b_2 \). The payoff matrix arising from their actions is presented below:
Let \( p \) be the probability that player \( A \) plays action \( a_1 \) in the mixed strategy Nash equilibrium of the game.
Then the value of p is (round off to one decimal place).- GATE XH-C1 - 2025
- Logical Reasoning
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__________ \( \rightarrow \) Praise \( \rightarrow \) Appreciate