Multiple choice

As we all know banking is going through rapid changes worldwide and India is also not an exception. Which of the following is/are the major phenomena which has/have prompted changes in scenario of Indian Banking?

  1. Financial Sector Reforms
  2. Globalization
  3. Govt's move for financial inclusion

  1. Only 1

  2. Only 2

  3. Only 3

  4. All 1, 2 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The transformation of the Indian banking sector has been driven by financial sector reforms (liberalization), the impact of globalization, and the government's push for financial inclusion to reach unbanked populations.

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