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Which of the following statement(s) is are correct 1 Corporative Banks...

This question belongs to Commerce Banking And Financial Institutions
Banking and Financial Institutions
?

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

Answer & Solution
Correct Answer: Option B
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