Banking awareness questions
National Housing Bank (NHB), a wholly owned subsidiary of the central bank (RBI) was established in 1988 under the-
National Housing Bank Act, 1987
National Housing Bank Act, 1988
National Housing Bank Act, 1986
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.
KVP can be purchased from any Departmental Post office. KVP stands for-
Kisan Vikas Public
Kisan Vilay Patra
Kisan Vikas Patra
Krishi Vikas Patra
Question 4512 Explanation:
Kisan Vikas Patra (KVP) can be purchased from any Departmental Post office. Facility of nomination is available.
The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under which act?
Companies Act, 1956
Negotiable Instruments Act, 1881
Reserve Bank of India Act, 1934
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.
Who is the Managing Director and CEO of YES Bank?
Question 4514 Explanation:
Rana Kapoor is the Managing Director and CEO of YES Bank.
There are 4514 questions to complete.