Banking exam

Banking awareness questions

Question 4511
National Housing Bank (NHB), a wholly owned subsidiary of the central bank (RBI) was established in 1988 under the-
A
National Housing Bank Act, 1987
B
National Housing Bank Act, 1988
C
National Housing Bank Act, 1986
D
National Housing Bank Act, 1985
Question 4511 Explanation: 
The Hon'ble Prime Minister of India, while presenting the Union Budget for 1987-88 on February 28, 1987 announced the decision to establish the National Housing Bank (NHB) as an apex level institution for housing finance. Following that, the National Housing Bank Bill (91 of 1987) providing the legislative framework for the establishment of NHB was passed by Parliament in the winter session of 1987 and with the assent of the Hon'ble President of India on December 23, 1987, became an Act of Parliament. The National Housing Policy, 1988 envisaged the setting up of NHB as the Apex level institution for housing. In pursuance of the above, NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987. NHB is wholly owned by Reserve Bank of India, which contributed the entire paid-up capital.






Question 4512
KVP can be purchased from any Departmental Post office. KVP stands for-
A
Kisan Vikas Public
B
Kisan Vilay Patra
C
Kisan Vikas Patra
D
Krishi Vikas Patra
Question 4512 Explanation: 
Kisan Vikas Patra (KVP) can be purchased from any Departmental Post office. Facility of nomination is available.
Question 4513
The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under which act?
A
Companies Act, 1956
B
Negotiable Instruments Act, 1881
C
Reserve Bank of India Act, 1934
D
Banking Regulation Act, 1949
Question 4513 Explanation: 
The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under the Reserve Bank of India Act, 1934.






Question 4514
Who is the Managing Director and CEO of YES Bank?
A
Aditya Sharma
B
Uday Kotak
C
Rana Kapoor
D
Shikha Sharma
Question 4514 Explanation: 
Rana Kapoor is the Managing Director and CEO of YES Bank.
There are 4514 questions to complete.

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