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Match the following : List-IList-II (a) Unit Trust of India (i) 1921 (b) Banking Regulation Act (ii)…

Matching the Indian financial institutions and enactments with their years of establishment: the Unit Trust of India (a) was established in 1964 under the UTI Act 1963…

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Match the following :

List-IList-II
(a) Unit Trust of India(i) 1921
(b) Banking Regulation Act(ii) 1949
(c) Imperial Bank of India(iii) 1964
(d) NABARD(iv) 1982
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Answer and explanation

Correct answer D

Matching the Indian financial institutions and enactments with their years of establishment: the Unit Trust of India (a) was established in 1964 under the UTI Act 1963 (iii); the Banking Regulation Act (b) was enacted in 1949 (ii); the Imperial Bank of India (c) was formed in 1921 by amalgamating the three Presidency Banks (i); and NABARD (d) was established on 12 July 1982 on the recommendations of the Sivaraman Committee (iv). Thus, (a)-(iii), (b)-(ii), (c)-(i), (d)-(iv) is correct.

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