Question

1991 reforms are said to be the watershed moment for the Indian Economy. How was the banking system supported after the 1991 reforms in India?

A Through an increase in interest rates and nationalisation of private banks
B Through deregulation of interest rates and enactment of the SARFAESI Act 2002
C Through an increase in interest rates and enactment of the Banking Regulation Act 1949
D Through nationalisation of private banks and enactment of the Banking Regulation Act 1949
E None of the above
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