Arrange the events in the ascending order of their occurrence.
1. Allowing convertibility of rupee at the market rate in the current account.
2. Nationalisation of general insurance business.
3. Establishment of IDBI.
4. Nationalisation of life insurance business.
5. Capital adequacy norms for commercial banks.
A. 4, 3, 2, 1, 5
B. 5, 4, 3, 2, 1
C. 1, 2, 3, 5, 4
D. 1, 5, 2, 4, 3
Answer: Option A
Related Questions on Banking and Financial Institutions
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
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