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  • Question
  • Who proposed strict rules on opening and running of current accounts of corporate borrowers in order to tackle fund diversion?


  • Options
  • A. Reserve Bank of India
  • B. Dena Bank
  • C. Canara Bank
  • D. State Bank of India

  • Correct Answer
  • Reserve Bank of India 

    Explanation
    According to a report by The Economic Times, India's Central Bank, the Reserve Bank of India (RBI) would tighten rules on opening and operating current accounts of corporate borrowers to prevent the diversion of funds. sRBI had notified that the banks with collection accounts will have to transfer funds to the current account and the current accounts could be opened only with the lead bank of a lending association. The rules would be applicable to corporates who have borrowed and used credit facilities of more than Rs 50 crore from the banking system.

  • More questions

    • 1. Udyam Abhilasha, a National Level Entrepreneurship Awareness Campaign is launched by;

    • Options
    • A. Exim Bank
    • B. NABARD
    • C. SIDBI
    • D. IFCI
    • Discuss
    • 2. The government of India has doubled the monetary limit upto this amount for filing loan recovery application in the Debt Recovery Tribunals (DRT).

    • Options
    • A. 13 lakh
    • B. 15 lakh
    • C. 18 lakh
    • D. 20 lakh
    • Discuss
    • 3. What is the position of India in the Stock market?

    • Options
    • A. 7th
    • B. 12th
    • C. 25th
    • D. 32nd
    • Discuss
    • 4. How many crores is the total layout of Umbrella Scheme of Integrated Development of Wildlife Habitats for 2017-20?

    • Options
    • A. 1731 cr
    • B. 1650 cr
    • C. 1883 cr
    • D. 1921 cr
    • Discuss
    • 5. Indian Air Force formally inducted Chinook heavy-lift helicopters at __________.

    • Options
    • A. Halwara
    • B. Sirsa
    • C. Ghaziabad
    • D. Chandigarh
    • Discuss
    • 6. This team win their first ever Asian Cup, by defeating Japan recently.

    • Options
    • A. South Korea
    • B. China
    • C. Qatar
    • D. India
    • Discuss
    • 7. In which event Indian Athlete, Gomathi Marimuthu has won the first gold medal in Asian Athletics Championship 2019?

    • Options
    • A. 200 metres(Women)
    • B. 1500 metres(Women)
    • C. 800 metres(Women)
    • D. 100 metres(Women)
    • Discuss
    • 8. Which company won the CII-Exim Bank Business Excellence Award?

    • Options
    • A. HAL
    • B. BEL
    • C. TATA
    • D. Mahindra
    • Discuss
    • 9. Ministry of Finance approves __________ to upgrade Doordarshan and All India Radio.

    • Options
    • A. Rs 850 crore
    • B. Rs 720 crore
    • C. Rs 680 crore
    • D. Rs 500 crore
    • Discuss
    • 10. India's first 'mega-science' exhibition 'Vigyan Samagam' was inaugurated in this city, recently.

    • Options
    • A. Kolkata
    • B. New Delhi
    • C. Mumbai
    • D. Pune
    • Discuss


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