Banking Reforms During Liberalization

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31. The introduction of “Financial Benchmarks India Pvt Ltd” (FBIL) aims to:

a) Monitor credit card usage in the banking sector

b) Promote agricultural lending

c) Regulate foreign banks operating in India

d) Regulate financial benchmarks like interest rates and exchange rates

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32. The introduction of the “National Bank for Agriculture and Rural Development” (NABARD) aims to:

a) Promote financial literacy among depositors

b) Regulate cooperative banks

c) Monitor credit card usage in the banking sector

d) Support agricultural and rural development initiatives

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33. The introduction of “National Payments Corporation of India” (NPCI) aims to:

a) Monitor credit card usage in the banking sector

b) Regulate foreign banks operating in India

c) Promote cashless transactions and digital payments

d) Streamline the operations of cooperative banks

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34. The introduction of the “Securities and Exchange Board of India” (SEBI) aims to:

a) Regulate the operations of cooperative banks

b) Promote mergers and acquisitions in the banking sector

c) Regulate the securities market and protect investor interests

d) Promote agricultural lending

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35. The “Atal Pension Yojana” (APY) aims to provide social security to:

a) Large corporate borrowers

b) Micro, small, and medium enterprises (MSMEs)

c) Non-resident Indians (NRIs)

d) Unorganized sector workers

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