2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Swingchain
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Blockchain
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Whitechain
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None of the above
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Detailed explanation-1: -The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis of the functioning of the Bank, which commenced operations on April 1, 1935.
Detailed explanation-2: -Khan Committee which had suggested to consolidate the financial industry of India via medium of merging financial activities carried by different types of financial institutions. The practice of universal banking is common in European countries in which it is found in three forms: In-house universal banks.
Detailed explanation-3: -A bank should provide information on revenues, net earnings and return on assets. This information is being disclosed.