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…
Choose your answer
Match the following :
| List-I | List-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 |
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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UGC NET Commerce