[amp_mcq option1=”Both 1 and 2″ option2=”1, 2 and 4″ option3=”1, 2 and 3″ option4=”2, 3 and 4″ correct=”option1″]
The correct answer is: A. Both 1 and 2
- Statement 1 is correct. The Central Bank is usually controlled and quite often owned by the government of a country. The Central Bank is the apex bank of a country and is responsible for the formulation and implementation of monetary policy. It also acts as the banker to the government and the commercial banks.
- Statement 2 is also correct. The Export-Import Bank of India (Exim Bank) is a government-owned financial institution that provides export finance and other financial services to Indian exporters. It was established in 1982 with the objective of promoting and financing India’s exports.
- Statement 3 is incorrect. A unit bank is a small, independent bank that has only one or two branches. Unit banks are typically found in rural areas and small towns.
- Statement 4 is correct. Citi Bank and ING Bank are universal banks. Universal banks are financial institutions that offer a full range of banking services, including commercial banking, investment banking, and insurance.
Therefore, the correct answer is A. Both 1 and 2.