Indian Economy If the RBI adopted an expansionist open market operations policy, this means that it will sell securities in the open market buy securities from non-government holders openly announce to the market that it intends to expand credit offer commercial banks more credit in the open market sell securities in the open market buy securities from non-government holders openly announce to the market that it intends to expand credit offer commercial banks more credit in the open market ANSWER DOWNLOAD EXAMIANS APP
Indian Economy In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines to setup more foreign exchange banks to govern entry of new private sector banks to make the banking sector more competitive to reduce the freedom given to banks to rationalize their existing branch network to lend more easily for industrial development to setup more foreign exchange banks to govern entry of new private sector banks to make the banking sector more competitive to reduce the freedom given to banks to rationalize their existing branch network to lend more easily for industrial development ANSWER DOWNLOAD EXAMIANS APP
Indian Economy Development expenditure of the Central government does not include defence expenditure expenditure on economic services expenditure on social and community services grant to states defence expenditure expenditure on economic services expenditure on social and community services grant to states ANSWER DOWNLOAD EXAMIANS APP
Indian Economy Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves I=interest payments II=subsidies III=defence IV=irrigation I, II II, III, IV I, II, III I I, II II, III, IV I, II, III I ANSWER DOWNLOAD EXAMIANS APP
Indian Economy The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank II, III I I, II IV II II, III I I, II IV II ANSWER DOWNLOAD EXAMIANS APP
Indian Economy The first wholly Indian Bank was set up in 1885 1886 1997 1894 1885 1886 1997 1894 ANSWER DOWNLOAD EXAMIANS APP
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