What is the most important function of RBI?
There was a substantial shift in role of the RBI from ‘a regulator’ to ‘a facilitator’ of the financial sector. Earlier as a regulator, the RBI would itself fix interest rate structure for the commercial banks. After liberalisation in 1991, RBI as a facilitator would only facilitate free play of the market forces and leave it to the commercial banks to decide their interest rate structure. Thus, with liberalisation competition prevails rather than controls.
Those public sector undertakings which are making profits should be privatised. Do you agree with this view? Why?
India has certain advantages which makes it a favourite outsourcing destination. What are these advantages?
Do you think the navratna pdlicy of the government helps in improving the performance of public sector undertakings in India? How?