16. RRBs were set-up on
1) 1975
2) 1985
3) 1991
4) 2001
5) 1965
17. At present, the formula for subscription to RRBs capital has been fixed at
1) Central Government 50%, State Government 35% and Sponsor Bank 15%
2) Central Government 60%, State Government 20% and Sponsor Bank 20%
3) Central Government 30%, State Government 30% and Sponsor Bank 40%
4) Central Government 35%, State Government 35% and Sponsor Bank 30%
5) Central Government 50%, State Government 25% and Sponsor Bank 25%
18. Which of the following is incorrect about the recommendations of Narasimham Committee Report, 1998?
1) Reduced CRR and SLR
2) Deregulation of Interest Rate
3) Establishment of the ARF Tribunal
4) Fixing Prudential Norms
5) Capital Adequacy Norms
19. Individual cannot open his account in-
1) Urban Cooperative Bank
2) Regional Rural Bank
3) RBI
4) Scheduled Commercial Banks
5) Private banks
20. In India, the system of decimal coinage was introduced on
1) 15th August, 1947
2) 26th January, 1950
3) 1st April, 1957
4) All of the above
5) None of the above