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  • Question
  • As per which committee's recommendations, the RBI has sold its entire stake in NHB & Nabard to Union Government?


  • Options
  • A. Narasimham Committee-II
  • B. M P Bezbarauah Committee
  • C. N K Singh Committee
  • D. Usha Thorat Committee

  • Correct Answer
  • Narasimham Committee-II 

    Explanation
    The Reserve Bank of India (RBI) has divested its entire stake in National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (Nabard) for Rs 1,450 crore and Rs 20 crore, respectively. The move is part of ending the cross-holding in regulatory institutions and follows the recommendation of second Narasimham committee report of October 2001 and the RBI's own discussion paper on the same entitled 'Harmonizing the role and operations of development financial institutions and banks. The current change in the capital structure of both these financial institutions was brought in by the government through amendments to the Nabard Act of 1981 and the NHB Act of 1987 which were notified on January 19, 2018 and March 29, 2018, respectively. With this, the Government of India (GoI) now holds 100% stake in both these financial institutions.

  • More questions

    • 1. The scientists of which country have successfully created the first-ever artificial crater on an asteroid 'Ryugu'?

    • Options
    • A. United States
    • B. Japan
    • C. China
    • D. Australia
    • Discuss
    • 2. How many Indian Navy Ship will take part in Chinese Navy's 70th anniversary celebrations?

    • Options
    • A. 3
    • B. 2
    • C. 5
    • D. 4
    • Discuss
    • 3. Royal Thai Embassy organised the 3rd edition of Namaste Thailand festival in __________.

    • Options
    • A. Jaipur
    • B. Ahmedabad
    • C. New Delhi
    • D. Surat
    • Discuss
    • 4. Which of the following has been awarded Best Capital City in the Solid Waste Management in the Swachh Survekshan 2018 rankings?

    • Options
    • A. Hyderabad
    • B. Pune
    • C. Bangalore
    • D. Ahmedabad
    • Discuss
    • 5. Name the Bengali author who has passed away, recently.

    • Options
    • A. Vijayendra Ghatge
    • B. Subhash Mukhopadhyay
    • C. Sushant Sanyal
    • D. Ramapada Chowdhury
    • Discuss
    • 6. Sulagitti Narasamma, who passed away recently, was the renowned social worker of which state?

    • Options
    • A. Kerala
    • B. Karnataka
    • C. Andra Pradesh
    • D. TamilNadu
    • Discuss
    • 7. US-based Hyperloop Transportation Technologies was launched the first full-scale transportation capsule recently. The name of the capsule is;

    • Options
    • A. Eagle Pneumatic
    • B. Pevco
    • C. Quintero One
    • D. Minnesota
    • Discuss
    • 8. Veteran cricket coach Ramakant Achrekar passed away at the age of 87. For whom he trained?

    • Options
    • A. Sachin Tendulkar
    • B. Rahul Dravid
    • C. MS Dhoni
    • D. Virender Sehwag
    • Discuss
    • 9. What was the theme of the 5th Asia Pacific Broadcasting Union (ABU) Media Summit on Climate Action and Disaster Preparedness?

    • Options
    • A. Focus on occupational safety and health has largely been confined to four sectors
    • B. For procurement and marketing support to MSMEs
    • C. Media Solutions for Sustainable Future: Saving Lives, Building Resilient Communities
    • D. Innovative Solutions for environmental challenges and sustainable production and consumption
    • Discuss
    • 10. The book "Kalkatta" has been authored by whom?

    • Options
    • A. Kunal Basu
    • B. K Satchidanandan
    • C. Ernest Hemingway
    • D. Venkatasubba Rao
    • Discuss


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