Question 156

Some specific measures are taken by the Reserve Bank of India to encourage mass use of information technology in the banking industry. Some such measures were proposed in the credit and monetary policy 2004-05 announced in May 2004. Which of the following statement(s) represent(s) the same ?
A. Bank rate is kept stable at 6 per cent
B. Single window services for all transactions in cash departments of RBI was introduced.
C. Service charges on banks for electronic fund transfer and electronic clearing services are waived.

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