Correct Answer : K G Ambegaonkar
K G Ambegaonkar was governor of RBI from 14-01-1957 to 28-02-1957. He was appointed as interim governor till H V R Iengar could take over. He did not sign any bank notes.
Correct Answer : All of the Above
A corporate loan is a loan from a bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate.
Correct Answer : RBI
RBI (Reserve Bank of India) regulates and supervises the banking functions of State Cooperative Banks (StCBs), District Central Cooperative Banks (DCCBs) and Urban Cooperative Banks (UCBs) under the various provisions of the Banking Regulation Act, 1949.
Correct Answer : 1935
On 1st April 1935, the currency function moved from Controller of Currency to RBI. Section 22 of the RBI Act 1934 makes provided that RBI has the sole right to issue Bank notes of all denominations.
Correct Answer : Calcutta
Original headquarters of RBI were in Calcutta(Kolkata), but in 1937, it was shifted to Shahid Bhagat Singh Marg, Mumbai.
Correct Answer : C. S. Kalyan Sundaram Committee
A Committee headed by Shri C. S. Kalyan Sundaram went into the aspects of factoring services in India in 1988,which formed the basis for introduction of factoring services in India.
Correct Answer : Kanjipoorum
In 1904, Cooperative Credit Societies Act, was enacted. The first society registered, under the Cooperative Societies Act 1904, was in Kanjipoorum now in Tamil Nadu.
Correct Answer : 90 days
According to RBI, terms loans on which interest or installment of principal remain overdue for a period of more than 90 days from the end of a particular quarter is called a Non-performing Asset.
Correct Answer : Nagpur
Reserve Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section, Nagpur.
Correct Answer : DNBS
Department of Non-Banking Supervision or DNBS regulates and supervises the Non-Banking Financial Companies (NBFCs).
