56. Which of the following products of a bank is specificall designed to provide financial help to children in their higher studies in India or in a foreign nation?

1. 1. Personal Loan

   
   
   

   2. Corporate Loan

   
   
   

   3. Educational Loan

   
   
   

   4. Mortage Loan

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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57. Which is the highest bank in the banking structure of India?

1. 1. State Bank of India

   
   
   

   2. Central Bank of India

   
   
   

   3. Industrial Development Bank of India

   
   
   

   4. Reserve Bank of India

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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58. The Banking system in India has mainly two types of Credit Control System-Quantitative and Qualitative.
    Which of the following is/are NOT Quantitative Credit Control(s)?
    1. Bank Rate
    2. CRR
    3. Margin Requirement

1. 1. Only 1

   
   
   

   2. Only 2

   
   
   

   3. Only 3

   
   
   

   4. Both 1 and 2

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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59. High rates of interest in a law inflation regime..........

1. 1. attract people to make an investment

   
   
   

   2. discourage people to make an investment

   
   
   

   3. create atmosphere for capital formation

   
   
   

   4. are not favourable for credit expansion

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: B

   N/A

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60. When was the first formed?

1. 1. 1974

   
   
   

   2. 1975

   
   
   

   3. 1976

   
   
   

   4. 1977

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: B

   N/A

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