1. Assertion (A) : India’s balance of payments is always in disequilibrium. Reason (R) : The demand for foreign exchange is more than its supply. Codes : Both (A) and (R) are correct and (R) is the correct explanation of (A) Both (A) and (R) are correct but (R) is not the correct explanation of (A) (A) is correct but Read More …
Category: NTA NET MCQs
Who was the chairman of 14th finance commission?
Vimal Jalan Y.V. Reddy Pranab Mukharji Raghuram Rajan Answer 2.Y.V. Reddy Explanation The 14th Finance Commission was headed by former Reserve Bank of India (RBI) governor Y V Reddy.
Banks are required to classify Non-Performing Assets into
Doubtful assets, bad debts and loss assets Standard assets, and sub-standard assets Sub-standard assets, doubtful assets, and loss assets Doubtful assets, and bad debts Answer 3. Sub-standard assets, doubtful assets, and loss assets Explanation Banks are required to classify Non-Performing Assets into Sub-standard assets, doubtful assets, and loss assets. With effect from 31 March 2005, a substandard asset would be Read More …
Banking Ombudsman Scheme was introduced by RBI with effect from
2005 1998 2001 1995 Answer 4. 1995 Explanation The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.