National Institute of Bank Management (NIBM) was established in.....by the Reserve Bank of India, in consultation with the Government of India, as an autonomous apex institution for research, training, education and consultancy in bank management.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

National Institute of Bank Management (NIBM) was established in____by the Reserve Bank of India, in consultation with the Government of India, as an autonomous apex institution for research, training, education and consultancy in bank management.

A	1979
B	1949
C	1969
D	1959

Explanation:

Detailed explanation-1: -NaBFID-All India Financial Institution (AIFI) NaBFID shall be regulated and supervised as an All India Financial Institution (AIFI) by the Reserve Bank under Sections 45L and 45N of the Reserve Bank of India Act, 1934. It shall be the fifth AIFI after EXIM Bank, NABARD, NHB and SIDBI.

Detailed explanation-2: -National Institute of Bank Management (NIBM), Pune was established in 1969 by the Reserve Bank of India, in consultation with the Government of India, as an autonomous apex institution, with the mandate of playing a proactive role of “think-tank” of the banking system.

Detailed explanation-3: -The Institute is located in sylvan surroundings in a picturesque valley in the Pune city in the State of Maharashtra.

Detailed explanation-4: -RBI, DBR, FID regulates four All India Financial Institutions (AIFIs), viz. Small Industries Development Bank of India (SIDBI), National Housing Bank (NHB), Export-Import Bank of India (EXIM Bank) and National Bank for Agriculture and Rural Development (NABARD).

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