Match List I with List II
Match List I with List II
Show Hint
- A - II, B - III, C - IV, D - I
- A - I, B - III, C - IV, D - II
- A - III, B - IV, C - II, D - I
- A - II, B - I, C - III, D - IV
The Correct Option is A
Solution and Explanation
Tracking the establishment history of Indian banking institutions and development corporations helps clarify the evolution of institutional credit systems in India.
Step 2: Detailed Explanation:
Let us pair each institution with its correct establishment year:
- Reserve Bank of India (RBI): Established in 1935 under the Reserve Bank of India Act, 1934. (A - II)
- Deposit Insurance and Credit Guarantee Corporation (DICGC): Formed in 1978 by merging the Deposit Insurance Corporation (est. 1962) and Credit Guarantee Corporation of India (est. 1971). (B - III)
- Standard Chartered Bank of India: The historic Chartered Bank of India, Australia, and China opened its first branches in Mumbai and Kolkata in 1858. (C - IV)
- Agricultural Refinance Corporation (ARC): Formed by an Act of Parliament in 1963 to provide refinancing support for agricultural loans. (D - I)
Thus, the correct matching is A - II, B - III, C - IV, D - I.
Step 3: Final Answer:
This sequence matches Option (A).
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