Consider the following statements :The India-Africa Summit1. held in 2015 was the third such Summit2. was actually initiated by Jawaharlal Nehru in 1951Which of the statements given above is/are correct?

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General Studies 2016
Q:17

Consider the following statements :
The India-Africa Summit
1. held in 2015 was the third such Summit
2. was actually initiated by Jawaharlal Nehru in 1951
Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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What is/are the purpose/purposes of the `Marginal Cost of Funds based Lending Rate (MCLR) announced by RBI?
1. These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances.
2. These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks.
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