Which one of the following statement is incorrect?
A. A bank interacts directly with customers, but NBFI interacts with banks and governments
B. Credit creation is one of the primary functions of commercial bank in India
C. Banks generally grant long-term loans to industries
D. To purchase and sell securities is also one of the function of scheduled bank
Answer: Option C
This Question Belongs to Commerce >> 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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