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56. Assertion (A). The use of paper money is replaced with plastic money. The future will see electronic money clearance through satellite networking. Reason (R). RBI is encouraging e-banking.
(A) is false, but (R) is true
(A) is true, but (R) is false
Both (A) and (R) are false
Both (A) and (R) are true
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57. The importance of SFls may be attributed to
they constitute an important source of long-term finance to industry.
SFis have played an important role in the development of (a) Small scale industry, (b) Projects in backward areas.
They have helped new and small entrepreneurs in setting up industry.
All of the above
58. The ICICI was formed in
1952
1953
1954
1955
59. The first Public bank was
SBI
Rural Bank
PNB
Bank of Venice
60. At present most of the Indian Banks are falling under the
Chain Banking System
Unit Banking System
Branch Banking System
None of the above
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