Banking And Financial Institutions - Study Mode

[#306] The central office of the Life Insurance Corporation of India (LIC) is located to
Correct Answer

(D) Mumbai

[#307] Which of the following is false about NBFCs?
Correct Answer

(D) NBFCs cannot undertake insurance business

[#308] In which year LIC was established?
Correct Answer

(B) 1956

[#309] Assets which has remained NPA for a period less than or equal to 12 months is called as:
Correct Answer

(A) Substandard Assets

[#310] In order to encourage investment in the country, the RBI may
Correct Answer

(A) reduce CRR