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2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which institution released the ‘Statistical Tables relating to Banks in India’?
A
Finance Ministry
B
Reserve Bank of India
C
NITI Aayog
D
World Bank
Explanation: 

Detailed explanation-1: -Get access to information about statistics on Indian Economy by Reserve Bank of India (RBI).

Detailed explanation-2: -State Bank of India is India’s largest and most trusted commercial bank. It is among the oldest banking institutions in the country and is headquartered in Mumbai, Maharashtra.

Detailed explanation-3: -The correct answer is National Housing Bank. National Housing Bank is a subsidiary of RBI. The National Housing Bank (NHB) is India’s apex regulatory authority for housing finance enterprises’ overall regulation and licensing.

Detailed explanation-4: -Hence it is called the Central Bank. It has a fundamental commitment to maintaining the nation’s monetary and financial stability. It started as a private share-holders bank – but was nationalized in 1949, under the Reserve Bank (Transfer of Public Ownership) Act, 1948.

There is 1 question to complete.