Which of the following statement(s) is/are correct?
1. Corporative Banks are governed by the banking Regulations Act, 1951.
2. State Bank of India Act was enacted in the year 1955.
3. After nationalisation of 24 major commercial banks, they become the important instrument for advancement of rural banking.
4. NABARD was established on 12th July, 1992 with an initial capital of Rs. 200 crore.
Select the correct answer
A. Only 1
B. Only 2
C. 1, 2 and 3
D. Only 4
Answer: Option B
This Question Belongs to Commerce >> Banking And Financial Institutions
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A. 1, 2 and 3
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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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