Which is the largest commercial bank of the country?
Answer: C
The State Bank of India is the largest commercial bank of the country and is among the 100 topmost banks in the world, excluding the United States of America.
Enter details here
When did the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) publish?
Answer: B
The Reserve Bank of India (RBI) published the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) on May 26, 2006. The grievance redressal mechanism would be used to resolve disputes arising out of the decisions of the lending institutions' functionaries. Guidelines have also been outlined by the RBI for putting in place the Fair Practices Codes by all NBFCs.
Enter details here
Which one of the following does not belong to the major general insurance private sector companies in India?
Answer: D
New India Assurance Company Limited, National Insurance Company Limited, The Oriental Insurance Company, United India Insurance, Agricultural Insurance Company of India are the major general insurance companies in India. Bajaj Allianz General Insurance, ICICI Lombard General Insurance, IFFCO-Tokio General Insurance, Reliance General Insurance, Royal Sundaram Alliance Insurance, TATA AIG General Insurance, Cholamandalam General Insurance, HDFC Ergo are the major general insurance private sector companies in India.
Enter details here
What is the full form of NDTL?
Answer: B
The Cash Reserve Ratio of scheduled banks is fixed at a certain percentage of their NDTL.
Enter details here
In pursuance of which one of the following was the General Insurance Corporation of India was formed?
Answer: A
The entire general insurance business in India was nationalised by the Government of India through the General Insurance Business (Nationalisation) Act of 1972.
Enter details here
What is the full form of NAV?
Answer: C
NAV is calculated by the Asset Management Company (AMC) at the end of every business day.
Enter details here
When was the General Insurance Council formed?
Answer: B
The General Insurance Council was established under the Indian Insurance Act 1938. It designed a code of conduct to ensure fair business practices.
Enter details here
Which bank is the sponsor of Prathama Gramin Bank?
Answer: D
Prathama Bank is the first Regional Rural Bank established on 2 October 1975.
Enter details here
When did the Centre acquire the Reserve Bank of India's entire 59.73% equity stake in the State Bank of India (SBI) at over Rs. 35,531 crore in New Delhi?
Answer: C
The Centre acquired the Reserve Bank of India's entire 59.73% equity stake in State Bank of India (SBI) at over Rs. 35,531 crore in New Delhi on June 29, 2007. It is the biggest ever cash purchase. As per the guidelines of the Securities and Exchange Board of India (SEBI), the Government picked up the entire SBI shares held by the RBI at a price of Rs. 1,130.35 a share.
Enter details here
When did the National Housing Bank start its operations?
Answer: B
The National Housing Bank, the apex institution of housing finance in India, is a wholly-owned subsidiary of RBI. It started operating from July, 1988 with an authorised paid-up capital of RS. 450 crore.
Enter details here