61. SlDBI was set up in ___ as a wholly-owned subsidiary of
1985 - EXlM
1969 - RRBI
1975 - IFCI
1990 - IDBI
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62. Which of the following is not a function of a Bank
To accept deposits
To waive loans
To grant advances
To supply input to farmers
63. Which of the following sentence is false
The nationalization of commercial banks has achieved its objectives.
Prior to nationalization, commercial banks in India were generally concerned with profit maximization only.
Nationalization has enhanced the efficiency of commercial banks.
Bank nationalization in India was promoted by the necessity of credit facilities reaching the rural sector and weaker sections of the society.
64. The Commercial Banks in India are governed by
Reserve Bank of India Act, 1934
Indian Companies Act, 1956
Indian Banking Regulation Act, 1949
Securities and Exchange Board of India Act, 1993
65. "Repo Rate" refers to the rate at which
RBI borrows short term money from the markets
Banks keeps the money with RBI
Bills are discounted by RBI
Forex purchased by RBI
UGC NET PAPER 1
UGC NET Management
UGC NET COMPUTER SCIENCE
UGC NET COMMERCE
GATE COMPUTER SCIENCE
CFA Level 1
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