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IMPORTANT
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The place where bankers meet and settle their mutual claims and accounts is known as:

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Important Questions on Indian Economy

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IMPORTANT
Pathfinder NDA / NA National Defence Academy and Naval Academy Entrance Examination General Knowledge>Chapter 4 - Indian Economy>Practice Exercise>Q 30
The Imperial Bank of India, after nationalization was given the name of _____.
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Pathfinder NDA / NA National Defence Academy and Naval Academy Entrance Examination General Knowledge>Chapter 4 - Indian Economy>Practice Exercise>Q 31
If the cash reserve ratio is lowered by the Central Bank, what will be its effect on credit creation?
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Pathfinder NDA / NA National Defence Academy and Naval Academy Entrance Examination General Knowledge>Chapter 4 - Indian Economy>Practice Exercise>Q 32
The main function of the EXIM Bank is _____.
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Pathfinder NDA / NA National Defence Academy and Naval Academy Entrance Examination General Knowledge>Chapter 4 - Indian Economy>Practice Exercise>Q 33

Which of the following are the functions of the Central Bank of India?
1. Regulation of currency and flow of credit system.
2. Maintaining exchange value of rupee.
3. Formulating Monetary policy of India
4. Supervisory powers over the indigenous bankers and leasing companies.

Select the correct answer using the codes given below.

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IMPORTANT
Pathfinder NDA / NA National Defence Academy and Naval Academy Entrance Examination General Knowledge>Chapter 4 - Indian Economy>Practice Exercise>Q 34
Which bank gives long-term loans to farmers?
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Pathfinder NDA / NA National Defence Academy and Naval Academy Entrance Examination General Knowledge>Chapter 4 - Indian Economy>Practice Exercise>Q 35

Consider the following statements:
1. Life Insurance Corporation of India is the oldest insurance company in India.
2. National Insurance Company Limited was nationalised in the year 1972 and made a subsidiary of General Insurance Corporation of India.
3. Headquarters of United India Insurance Company Limited are located at Chennai.

Which of the statements given above are correct?

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IMPORTANT
Pathfinder NDA / NA National Defence Academy and Naval Academy Entrance Examination General Knowledge>Chapter 4 - Indian Economy>Practice Exercise>Q 36
In 1921, the presidency banks of Bengal, Madras and Bombay were nationalized to give birth to _____.
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IMPORTANT
Pathfinder NDA / NA National Defence Academy and Naval Academy Entrance Examination General Knowledge>Chapter 4 - Indian Economy>Practice Exercise>Q 37
The standard of living in a country is represented by its _____.