The government of India recently constituted the New Finance Commission (13th). What are its major functions ? To decide—

1. The salary structure of the employees of the Central Government.
2. The distribution of the net proceeds of taxes between states and Central Govt.
3. Rate of Income Tax and other taxes collected by the Union Govt.

What is meant by ‘Underwriting’ the term frequently used in financial sector ?

Basel-II norms are associated with which of the following aspects of the banking industry ?

The Planning Commission of India has set up a 12 member committee on financial sector reforms. Who is the Chairman of the Committee ?

As per the reports published in various journals and newspapers the ‘small borrowers’in rural areas still prefer to take informal route for their credit needs. Which of the following is the ‘informal route’ of credit in financial sector ?

‘Sub Prime Lending’ is a term applied to the loans made to—