In 1992, the banking sector reforms were introduced as per:
| A. | C. Rangarajan Committee Report |
| B. | M. Narasimham Committee Report |
| C. | Suresh Tandulkar Committee Report |
| D. | Sukhamoy Chakrabarty Committee Report |
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Option: B Explanation : Click on Discuss to view users comments. |
For the purpose of extending rural banking and agro finance, the NABARD:
| A. | Directly lends and monitors the rural borrowers |
| B. | Refinances the banks extending rural finance |
| C. | Refinances the rural borrowers obtaining credit from banks |
| D. | Directly finances the rural borrowers and gets refinance from government |
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Option: B Explanation : Click on Discuss to view users comments. |
When RBI grants loan to commercial banks and charges interest on it, it is called:
| A. | Rapo rate |
| B. | Reverse Rapo rate |
| C. | Sweep stack rate, basic rate |
| D. | Bank rate |
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Option: A Explanation : Click on Discuss to view users comments. |
E-banking business is essentially regulated by the Information Technology Act, 2000, under which personal signature is replaced by:
| A. | Encrypted signature |
| B. | Image signature |
| C. | Digital signature |
| D. | Online signature |
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Option: C Explanation : Click on Discuss to view users comments. |
In order to control inflation and ensure stability in money market:
| A. | The RBI works under the direction of ministry of finance, government of India. |
| B. | The RBI acts independently and can refuse the government directive |
| C. | The RBI acts under the board of directors. |
| D. | The RBI's board of governors shall abide by the government directive. |
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Option: B Explanation : Click on Discuss to view users comments. |
