Question

Which of the following statement(s) is/are correct?
(A) CRM, Risk, Revenue and Regulation comprise 4 R's of banking.
(B) Amortized decreasing repayment plan involves declining principal payment and the increasing interest payment on outstanding balance.
(C) Single window system is an introduction of recommendation of B.K Hazare committee.
(D) Imperial Bank of India was nationalized in 1955 and renamed as State Bank of India (SBI).
Choose the correct answer from the options given below:

• (A) only.
• (B) and (D) only.
• (C) and (D) only.
• (A) and (D) only.

Hint:

Under an amortized decreasing plan, total installment cost decreases over time because interest charges decline while the principal payment remains constant.

Answer 1

The Correct Option is C