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Banking and Financial Institutions MCQs

Commerce Objective Questions



29. The only merger between nationalised banks was between New Bank of India and Punjab National Bank in
Discussion

30. Life Insurance Corporation of India was nationalized in-
Discussion

31. Asset Reconstruction Company is associated with:
Discussion

32. The different forms of IMF assistance are given below. Identify the one which is mainly meant for Less Developed Countries (LDCs)
Discussion

33. Which of the following statement/s is/are correct?
1. Chit Funds are type of NBFC
2. All NBFCs are ruled by RBI
3. RBI said any purchase of a stake of 26% or more in a company, or a change in more than 30% of its directors, would need the central bank's permission.
Discussion

34. On which of the following banks the Reserve Bank of India depends?
Discussion

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