Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to setup more foreign exchange banks
to govern entry of new private sector banks to make the banking sector more competitive
to lend more easily for industrial development
to reduce the freedom given to banks to rationalize their existing branch network

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Indian Economy
In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?

Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level

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