Banking And Financial Institutions - Study Mode

[#441] Electronic Fund Transfer scheme of RBI has been renamed as:
Correct Answer

(D) National Electronic Fund Transfer

[#442] How are the market borrowings of State Government managed?
Correct Answer

(C) Bonds are issued by the RBI as well as the respective State Government

[#443] By devaluation we mean:
Correct Answer

(C) A fall in the external value of a currency caused by Government action

[#444] Which among the following is NOT true about BASEL?
Correct Answer

(B) BASEL was established by the Central Bank Governors of fifteen countries

[#445] The Indian Banking Regulation Act was passed
Correct Answer

(C) 1949