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Directions: Fill in the blanks with appropriate words.
Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic activities, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).
Q. What should come in the place of blank (2)?
  • a)
    Open
  • b)
    Unlocked
  • c)
    Unrolled
  • d)
    Reserved
  • e)
    Free
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Directions: Fill in the blanks with appropriate words.Prior to 1991, ...
Explanation:

The blank (2) refers to the industries that were reserved for the public sector, including much of the financial system. The appropriate word that fits in this context is "Reserved".

Reasoning:

Prior to 1991, India’s economy and financial system were heavily regulated and controlled by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were reserved for the public sector, including much of the financial system. Hence, the word "Reserved" is the appropriate word that fits in this context.

Summary:

The appropriate word that fits in the blank (2) is "Reserved" as many industries were reserved for the public sector, including much of the financial system.
Free Test
Community Answer
Directions: Fill in the blanks with appropriate words.Prior to 1991, ...
The passage is about 'Indian economy before 1991'.
Let us refer to this line from the passage, "A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector".
From the above sentence, we get to know as the public sector had an influence over India's economy and financial system.
The firms required licenses for thier economy activities as most of the industries were specially for the public sector.
In option (D), 'Reserved' means something kept specially for a particular person.
So, 'Reserved' is the correct word for blank (2).
Hence, the correct option is (D).
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Directions: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic activities, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).Q. What should come in the place of blank (2)? a)Openb)Unlockedc)Unrolledd)Reservede)FreeCorrect answer is option 'D'. Can you explain this answer?
Question Description
Directions: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic activities, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).Q. What should come in the place of blank (2)? a)Openb)Unlockedc)Unrolledd)Reservede)FreeCorrect answer is option 'D'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Directions: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic activities, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).Q. What should come in the place of blank (2)? a)Openb)Unlockedc)Unrolledd)Reservede)FreeCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic activities, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).Q. What should come in the place of blank (2)? a)Openb)Unlockedc)Unrolledd)Reservede)FreeCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Directions: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic activities, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).Q. What should come in the place of blank (2)? a)Openb)Unlockedc)Unrolledd)Reservede)FreeCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
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Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic activities, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).Q. What should come in the place of blank (2)? a)Openb)Unlockedc)Unrolledd)Reservede)FreeCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic activities, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).Q. What should come in the place of blank (2)? a)Openb)Unlockedc)Unrolledd)Reservede)FreeCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Directions: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic activities, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).Q. What should come in the place of blank (2)? a)Openb)Unlockedc)Unrolledd)Reservede)FreeCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Directions: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic activities, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).Q. What should come in the place of blank (2)? a)Openb)Unlockedc)Unrolledd)Reservede)FreeCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic activities, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).Q. What should come in the place of blank (2)? a)Openb)Unlockedc)Unrolledd)Reservede)FreeCorrect answer is option 'D'. 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