What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?

Options

(a)

To lessen the Government of India’s perennial burden of fiscal deficit nd current account deficit

(b)

To support the infrastructure projects of Central and State Governments

(c)

To act as independent regulator in case of applications for loans of Rs. 50 crore or more

(d)

To aim at faster resolution of stressed assets of Rs. 50 crore or more which are under consortium lending

Answer

(D)

Which of the following is not included in the assets of a commercial bank in India?

(a)

Advances

(b)

Deposits

(c)

(e) Investments

(d)

d). Money at call and short notice

(B)

The Chairman of public sector banks are selected by the

(a)

Banks Board Bureau

(b)

Reserve Bank of India

(c)

Union Ministry of Finance

(d)

Management of concerned Bank

(A)