phase 3 Flashcards
1
Q
privatisation of financial institutions
A
conversion of IFCI into a public company
private mutual funds
private banks were given licenses post 1991 in different stages
R N Malhotra committe recommended setting up of IRDAI
2
Q
Insurance
A
1999 act of parliament to re organise insurance sector
monopoly of both state /government over FI has been broken after privatisation.
PFRDA was set up
