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56. The first financial institution set up in India
IDBI
ICICI
IRBI
IFCI
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57. In order to control credit and investment, the Central Bank of a country should
Sell securities in the open market and hike the cash reserve ratio.
Buy securities in the open market and lower the cash reserve ratio.
Buy securities from the open market and hike the cash reserve ratio.
Sell securities in the open market and lower the cash reserve ratio.
58. Which one of the following is not an instrument of credit control in the banking system?
Open market operations
Cash Reserve Ratio
Tax rates
All of the above
59. Which of the following is a measure of selective credit control
Bank rate policy
The statutory cash reserve ratio
Open market operation
None of the above
60. NABARD has taken over the entire functions of
ARDC
ACD of RBI
RPCD of RBI
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