Economic Reforms in Banking, Insurance

The LICI was established in the year :

• 1956
• 1951
• 1941
• 1947

Economic reforms programme was adopted in India in the year :

• 1951
• 1961
• 1981
• 1991

Which of the following is not a recommendation of the Narasimham Committee?

• Credit to the priority sector to be reduced
• SLR to be reduced
• all the commercial banks to be nationalised
• Interest rates to be deregulated

Which of the following insurance companies is in the private sector?

• National Insurance
• New India Assurance
• Tata AIG General Insurance
• United India Insurance

Indian rupee is made convertible for current account transaction in the year :

• 1992-93
• 1993-94
• 1994-95
• 1991-92

For recommending banking sector reforms in India first Narasimham committee was appointed in the year-

• 1981
• 1986
• 1991
• 1993

A banking structure of how many tiers have been recommended by Narasimham Committee ?

• 3-tier
• 4-tier
• 5-tier
• 2-tier

In which year GICI was set up ?

• 1952
• 1972
• 1991
• 1981

Which committee was appointed to recommend insurance sector reforms?

• Narasimham Committee
• Rangarajan Committee
• Malhotra Committee
• Mahalanobis Committee

In which year was the IRDA Act was passed ?

• 1991
• 1995
• 1999
• 2001