BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1, 2 and 3
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2, 3 and 4
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1, 3 and 4
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All of the above
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Detailed explanation-1: -The P J Nayak Committee or officially the Committee to Review Governance of Boards of Banks in India was set up by the Reserve Bank of India (RBI) to review the governance of the board of banks in India. The Committee was set up in January 2014.
Detailed explanation-2: -The RBI Governors are appointed by the government of India for a fixed time period.
Detailed explanation-3: -The Committee to Review Governance of Boards of Banks in India was constituted by the RBI Governor on 20th January, 2014.
Detailed explanation-4: -This method was originally suggested by the P.J. Nayak Committee for the Small Scale Industries in India in need of working capital from banks. According to this method, the working capital requirement of the MSME unit is calculated at 25% of annual projected turnover.