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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. Name the Social entrepreneur from Tamil Nadu, who was ranked 45th in the Fortune magazine's 2019 list of the world's greatest leaders for inventing low cost pad making machine.

    • Options
    • A. Naveen Krishna
    • B. Sandeep Ahuja
    • C. Arunachalam Muruganantham
    • D. Smita Ram
    • Discuss
    • 2. Who has been conferred with the Gandhi Peace Prize for the year 2018?

    • Options
    • A. Akshaya Patra Foundation
    • B. Yohei Sasakawa
    • C. Vivekananda Kendra
    • D. Ekal Abhiyan Trust
    • Discuss
    • 3. Which scheme of the West Bengal government has won the 2019 World Summit on the Information Society (WSIS) award in Capacity Building category?

    • Options
    • A. Sabooj Sathi
    • B. Kanyashree
    • C. Utkarsh Bangla
    • D. Rupashree Prakalpa
    • Discuss
    • 4. Which of the following will be the official mascot of 13th COP of the Convention on the Conservation of Migratory Species of Wild Animals (COP CMS 13)?

    • Options
    • A. Great hornbill
    • B. Yellow-footed green pigeon
    • C. Indian roller
    • D. Great Indian Bustard
    • Discuss
    • 5. The first Asia-Pacific (APAC) central bank to begin interest rate easing cycle is;

    • Options
    • A. Central Bank of Sri Lanka
    • B. Bangladesh Bank
    • C. People's Bank of China
    • D. Reserve Bank of India
    • Discuss
    • 6. Which of the following banks have been designated as the RBI's list of D-SIBs?

    • Options
    • A. PNB, BoB, Dena Bank
    • B. SBI, BoB and ICICI Bank
    • C. HDFC, Yes, and Axis Bank
    • D. SBI, ICICI and HDFC
    • Discuss
    • 7. Name the Bank which got RBI approval for holding up to 9.9 percent stake in Bandhan Bank.

    • Options
    • A. SBI
    • B. Yes
    • C. Axis
    • D. HDFC
    • Discuss
    • 8. Which of the following company is going to set up a CyberSecurity Fusion Centre (CSFC) in Frisco, Texas, US?

    • Options
    • A. Wipro
    • B. Infosys
    • C. HCL Technologies
    • D. Tata Consultancy Services
    • Discuss
    • 9. Who becomes the first Indian to grab Australian LPGA Card?

    • Options
    • A. Vani Kapoor
    • B. Aditi Ashok
    • C. Diksha Dagar
    • D. Ankita Tiwana
    • Discuss
    • 10. When did World Intellectual Property Day observed?

    • Options
    • A. 21 April
    • B. 24 April
    • C. 26 April
    • D. 23 April
    • Discuss


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