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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 (5)?
  • a)
    Preserve
  • b)
    Maintain
  • c)
    Occupied
  • d)
    Attain
  • e)
    Reforms
Correct answer is option 'E'. Can you explain this answer?
Most Upvoted Answer
Directions: Fill in the blanks with appropriate words.Prior to 1991, ...
Answer:

Structural Reforms in India's Economy and Financial System

Prior to 1991, India's economy and financial system were heavily regulated and controlled by the public sector. The following points elaborate on the situation:

1. Complicated regulatory regime: Firms were required to obtain licenses for most economic activities, and many industries were reserved for the public sector, including much of the financial system.

2. Bank nationalizations: In 1969 and 1980, bank nationalizations increased the public sector share of deposits to over 80%, and further branch licensing was rigidly controlled.

3. Public banks' focus: Primarily focused on financing government projects and serving government priority sectors such as agriculture, India's public banks lacked proper lending practices and exhibited a high number of non-performing loans.

4. Balance of payments crisis: Following a balance of payments crisis in 1991, a number of structural reforms were implemented that greatly deregulated many economic activities.

5. Financial reform agenda: In November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS).

Therefore, the appropriate word that should come in the place of blank (5) is "Reforms." These structural reforms aimed to liberalize the economy, promote private investment, and create a more competitive and efficient financial system. The reforms included reducing tariffs, abolishing industrial licensing, allowing foreign investment, and strengthening the banking sector. These measures led to significant growth in the Indian economy and attracted foreign investment, making India one of the fastest-growing economies in the world.
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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, "Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented".
From the above sentence, we get to know due to a high number of non-performing loans, in 1991, a number of structural changes brought.
In option (E), 'Reforms' means make changes in (something, especially an institution or practise) in order to improve it.
So, 'Reforms' is the correct word for blank (5).
Hence, the correct option is (E).
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Direction: 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 ____(6)____, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS). The CFS was appointed by the Government of India to examine the ____(7)____ financial system and make recommendations for improving its efficiency so as to more effectively meet the credit needs of ____(8)____. One of the committee’s recommendations to meet this goal was to introduce greater competition into the banking system by ____(9)____ more foreign banks to enter India. It was argued that the entry of additional foreign banks would improve the competitive efficiency of the Indian banking system and induce an ____(10)____ of banking technology.What should come in the place of blank (5)?

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 (5)? a)Preserveb)Maintainc)Occupiedd)Attaine)ReformsCorrect answer is option 'E'. Can you explain this answer?
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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 (5)? a)Preserveb)Maintainc)Occupiedd)Attaine)ReformsCorrect answer is option 'E'. 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 (5)? a)Preserveb)Maintainc)Occupiedd)Attaine)ReformsCorrect answer is option 'E'. 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 (5)? a)Preserveb)Maintainc)Occupiedd)Attaine)ReformsCorrect answer is option 'E'. Can you explain this answer?.
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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 (5)? a)Preserveb)Maintainc)Occupiedd)Attaine)ReformsCorrect answer is option 'E'. 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 (5)? a)Preserveb)Maintainc)Occupiedd)Attaine)ReformsCorrect answer is option 'E'. 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 (5)? a)Preserveb)Maintainc)Occupiedd)Attaine)ReformsCorrect answer is option 'E'. 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 (5)? a)Preserveb)Maintainc)Occupiedd)Attaine)ReformsCorrect answer is option 'E'. 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. 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