SO fiddle

Test Fiddle mainly for SO Questions

by Nick Craver

HTML

<link rel="stylesheet" href="http://ajax.googleapis.com/ajax/libs/jqueryui/1.8.4/themes/overcast/jquery-ui.css">
<form id="search_form">

<select id="country">
  <option value="-1">Select Country</option>
  <option value="22" selected>USA</option>
  <option value="23">Germany</option>
</select>

<select id="regions">
  <option value="-1">Select Region</option>
</select>

<input type="reset" value="Reset" />

</form>

JavaScript

$("#search_form input:reset").click(function(e) {
  $(this).closest("form").find("select").val("-1");
  e.preventDefault();
});