Indian Economy
In India the first bank of limited liability managed by Indian and founded in 1881 was:

Hindustan Commercial Bank
Punjab National Bank
Oudh commercial Bank.
Punjab and Sind Bank

ANSWER DOWNLOAD EXAMIANS APP

Indian Economy
Gross domestic capital formation is defined as

production exceeding demand
net addition to stock after depreciation
flow of expenditure devoted to increased or maintaining of the capital stock
expenditure incurred on physical assets only

ANSWER DOWNLOAD EXAMIANS APP

Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to lend more easily for industrial development
to reduce the freedom given to banks to rationalize their existing branch network
to setup more foreign exchange banks
to govern entry of new private sector banks to make the banking sector more competitive

ANSWER DOWNLOAD EXAMIANS APP