Name the micro finance company that becomes the first to start operation as a commercial bank?

The Reserve Bank of India was established on _______.

A. April 1, 1935

B. July 12, 1982

C. May 26, 2006

D. September 30, 2005

Who works as RBI's agent at places where it has no office of its own?

A. State Bank of India

B. Ministry of Finance

C. Government of India

D. International Monetary Fund

Which of the following is true about the functions performed by RBI?

(i) It is the Bank of Issue
(ii) It acts as banker to the Government
(iii) It is the banker of other banks
(iv) It regulates the flow of credit

A. Both (i) and (ii)

B. Both (iii) and (iv)

C. All the above

D. None of the above

What does 'Nomination' for a deposit account in the bank mean?

A. Mandate given by the close relatives of the depositor to settle the death claim in case of death of the depositor

B. Mandate decided by the bank to settle the death claim of its depositor

C. Mandate of the depositor in favor of one or more persons to claim the amount on death of the depositor

D. Mandate of the depositor in favor of a close relative who can claim the amount on death of the depositor

When were the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) published?

A. April 5, 2006

B. May 26, 2006

C. June 29, 2007

D. September 30, 2005