Practice Test 2
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Food Corporation of India was established in

  • Solution

    FCI (Food Corporation of India) The FCI of India was set up under the Food Corporations Act 1964, in order to fulfil following objectives of the food policy.
    • Effective price support operations for safeguarding the interests of the farmers.
    • Distribution of, food grains throughout the country for public distribution system.
    • Maintaining satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security.

Long term loan is given for the period of

What is a scheduled bank?

In which year was the first bank in India established?

Who was the first Indian Governor of the Reserve Bank of India?

The Reserve Bank of India was established in

  • Solution

    RBI(Reserve Bank of India) It came into existence on 1st April 1935 with the RBI Act 1934 and has been nationalized on Jan 1,1949.

How many banks were nationalized in 1969?

The first Indian bank was

A personal account cannot be opened in

The total number of major banks nationalized so far is

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