Class XII

In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines
  1. . to govern entry of new private sector banks to make the banking sector more competitive
  2. to reduce the freedom given to banks to rationalize their existing branch network
  3. to reduce the freedom given to banks to rationalize their existing branch network
  4. . to lend more easily for industrial development
The annual yield from which of the following Union Government taxes is the highest?
  1. Custom duties
  2. Corporation tax and income tax
  3. Inheritance tax, wealth tax, interest tax and gift tax
  4. Excise duties
The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called
  1. Statutory Bank Ratio (SBR)
  2. Statutory Liquid Ratio (SLR)
  3. Central Bank Reserve (CBR)
  4. . Central Liquid Reserve (CLR)
On July 12, 1982, the ARDC was merged into
  1. RBI
  2. NABARD
  3. EXIM Bank
  4. None of the above
In India, the first bank of limited liability manages by Indians and founded in 1881 was
  1. Hindustan Commercial Bank
  2. Oudh Commercial Bank
  3. Punjab National Bank
  4. Punjab and Sind Bank
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