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A Learning Portal from Recruitment India
In India, Microfinance development and Equity fund is maintained by-
Small industries development Bank of India(SIDBI).
Nabard(National bank for Agriculture and rural development).
RBI(Reserve bank of India).
CII(Confederation of industries in India).
Answer with explanation
Answer: Option AExplanation
Explanation:
Small Industries Development Bank of India (SIDBI) set up on April 2, 1990. It is headquartered at Lucknow, Uttar Pradesh, India. SIDBI is playing the role for the growth and development of Micro, Small and Medium Enterprises (MSME).
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KYC guidelines have been issued under which section of Banking Regulation ACT 1949?
Section 35 A
Section 45
Section 123 B
SECTION 36 A
Answer with explanation
Answer: Option AExplanation
KYC guidelines were issued under Section 35 A of the Banking Regulation Act, 1949.These were introduced in year 2002 by RBI and all banks were asked to make all accounts KYC compliant by 31 December 2005.Banks are also required to periodically update their customers’ KYC details.
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Which of the following countries has agreed to accept the payment of export of oil and petroleum products to India, in rupee terms instead of dollar or any other currency?
UAE
Iran
Kuwait
Libya
Answer with explanation
Answer: Option BExplanation
Iran
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