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प्रश्न
Briefly describe the changes that have taken place in the banking sector due to globalization.
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उत्तर
Reduction in entry barriers in the banking sector led to an increase in the number of participants like several new private banks and foreign banks which led to an increase in efficiency and competition in the market.
The government also strengthened the private sector banks by lending its capital to them and also enabling them to raise capital from the public. The functional autonomy of private sector banks was also considerably increased.
संबंधित प्रश्न
Explain the co-relation between the following.
GATT and WTO
The World Trade Organization was established in ______.
The consolidation of the world economy means ______.
Find the odd word out and rewrite:
In ____ GATT was replaced by WTO.
State the appropriate concept for the given statement:
A borderless company.
State whether the following statement is true or false with reason.
Globalisation has not benefited the small farmers in India.
State whether the following statement is true or false with reason.
Investment in consumer goods industries is essential the economic development of India.
Identify the incorrect pair, correct it, and rewrite:
Unilever is a transnational company because _______.
