Banking And Financial Institutions - Study Mode

[#481] Which of the following statement/s is/are correct according to NPS? 1. The age limit to invest in this scheme until 60 years. 2. There is no upper limit. 3. The money will be invested in debt and equity funds based on preference. 4. The returns depend on the performance of the funds. 5. When we retire, we can withdraw 60% of the savings.
Correct Answer

(D) All of the above

[#482] The National Housing Bank (NHB) was set up in India as a wholly-owned subsidiary of?
Correct Answer

(A) Reserve Bank of India

[#483] The expansion for BIFR, in the context of the Indian Industry is:
Correct Answer

(A) Board for Industrial and Financial Reconstruction

[#484] Which of the following statements is incorrect regarding digital and virtual currencies?
Correct Answer

(B) Digital currency can be used as such across the world, but virtual currencies can be used within particular geographies

[#485] In which year the ICICI Limited was merged with its subsidiary ICICI Bank as a part of reverse merger exercise to make first Universal Bank in India in 2003?
Correct Answer

(A) 2002