After the 1980 round, roughly what share of banking business did the government control?
A51%
B75%
C91%
D100%
Answer & Solution
Correct answer: C. 91%
With 20 nationalised banks the government controlled around 91% of banking business.
Keep practising Audit of Banks
Browse all Audit of Banks questions for CA Inter, or explore more Auditing topics.
Related questions
The RBI's main supervisory aim covers which institutions?What was the Sovereign Gold Bond meant to reduce?How do non-performing loans mainly hurt a bank?What does securitization of NPLs involve?What is another name for a bad bank in NPL management?A loan is generally non-performing when interest and principal are overdue by how long?From which date did NEFT become available 24x7?Which 2007 Act gives the RBI oversight of payment systems?