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
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 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:
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