Banking Financial Awareness · General Awareness

Banking Institutions and History

1,287 Questions

Review crucial questions related to banking institutions, their histories, and recent financial events. This set covers bank mergers, taglines, and key regulatory changes by the Reserve Bank of India. It is highly relevant for aspirants of banking and insurance exams.

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Banking Institutions and History Questions

Multiple choice elements of book keeping and accountancy nature of accounts and rules of debit and credit meaning, advantages and limitations of journals understand the classification of accounts introduction to books of prime entry

Which of the following account is the artificial person account?

  1. ICICI Bank A/c

  2. Neelam A/c

  3. Wages A/c

  4. Machinery A/c
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

 An Artificial person is an entity that is recognized by the law as a Legal Person i.e. an entity holding legal rights and duties distinct from the individuals whom comprise it.

For example: A registered company is a person in the sense that it can sue or be sued, as well hold property etc. in it’s own name.

A company is not however, an individual or natural person.

Multiple choice introduction to social movements and its types social movements sociology recent social movements social movements in our time

Which financial institution decided to withdraw its funding for the Sardar Sarovar Project?

  1. Asian Development Bank

  2. World Bank

  3. European Investment Bank

  4. International Investment Bank
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The World Bank withdrew its funding for the Sardar Sarovar Project in 1993 following intense pressure from environmental and human rights activists.

Multiple choice social science agriculture sector rural credit role of agriculture sector green revolution

Which co-operative institutions provide credit in the agricultural sector?

  1. Cooperative banks

  2. Land Development Banks

  3. Both 'a and b'

  4. Neither a nor b
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Co-operative institutions which provide credit in the agricultural sector are :-
a) cooperative banks
b) Land Development Banks Institutional credit assists rural households involved in agricultural activities. The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.
Multiple choice social science agriculture sector rural credit role of agriculture sector green revolution

Which co-operative credit institution provides long-term loans?

  1. Cooperative Banks

  2. Land Development Banks

  3. NABARD

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Land Development Banks- co-operative credit institution provides long-term loans. It provide loans generally more than one year. It provides institutional credit which assist in agricultural developmental activities. Land Development Banks (LDBs) have a 2-tier structure.Land Development Banks (LDBs) have been effectively established in India since 1929.

Multiple choice social science agriculture sector rural credit role of agriculture sector green revolution

The 3-tier structure of co-operative banks includes which of the following?
(i)   NABARD
(ii)  State Cooperative Banks
(iii) Central Cooperative Banks
(iv) District Central Cooperative Banks
(v)  Primary Agricultural Credit Societies (PACS)

  1. (i), (ii) and (iv)

  2. (i), (iii) and (v)

  3. (ii), (iv) and (v)

  4. (ii), (iii) and (v)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
The 3-tier structure of co-operative banks includes :-a) State Cooperative Banksb) Primary Agricultural Credit Societies (PACS)
c) District Central Cooperative Banks
Co-operative banks have a  3-tier structure.Cooperative banks as a cooperative credit institution provide both medium-term as well as short-term.loans.Cooperatives provide Institutional credit which assists rural households involved in agricultural activities. The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.
Multiple choice social science agriculture sector rural credit role of agriculture sector green revolution

Land Development Banks (LDBs) have been effectively established in India since __________.

  1. 1920

  2. 1956

  3. 1951

  4. 1929
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Land Development Banks (LDBs) have been effectively established in India since 1929.Land Development Banks (LDBs) are also called as Land Mortgage Banks and Agricultural and Rural Development Banks in some states.Land Development Banks- co-operative credit institution provides long-term loans. It provide loans generally more than one year. It provides institutional credit which assist in agricultural developmental activities.

Multiple choice civics agriculture sector rural credit role of agriculture sector green revolution animal husbandry and fishery cattle farming

Which of the following is the full form of KCC as used in the agriculture sector?

  1. Kisan Credit Card

  2. Kisan Credit Company

  3. Knowledge Credit Corporation

  4. Konkan Credit Corporation
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Kisan Credit Card (KCC) Scheme, introduced in 1998-99, has made rapid progress with the banking system. The scheme has helped in augmenting the flow of short-term crop loans for seasonal agricultural operations to farmers. Besides the existing facilities of providing crop loan, the scope of KCC Scheme has been enlarged to include term loans for agriculture and allied activities along with a component to meet the consumption needs.

Multiple choice economics theories of distribution liquidity preference and profit revenue and revenue curves simple monopoly and commodity market

NABARD is the Apex Bank for _________ credit in India.

  1. Real Estate

  2. Small Scale Industries

  3. Agriculture

  4. None of the above.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

NABARD (National Bank for Agriculture and Rural Development) is the apex regulatory body for the overall regulation of regional rural banks and apex cooperative banks in India, primarily focusing on agriculture credit.

Multiple choice elements of book keeping and accountancy ledger and posting develop the understanding for posting of transactions and balancing of accounts classification of ledger (subdivision of ledger) and balancing of account meaning and importance of ledger

Which account is the odd one out?

  1. Ram's A/c

  2. Ram & Sons A/c

  3. Ram & Sons Ltd A/c

  4. ICICI Bank A/c
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Ram's account is a personal account of an individual. Ram & Sons, Ram & Sons Ltd, and ICICI Bank are all legal entities or artificial persons.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

Which of the following is not the agency of World Bank?

  1. MIGA

  2. NABARD

  3. ADB

  4. IDA
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

NABARD (National Bank for Agriculture and Rural Development) is an Indian apex development bank, not an agency of the World Bank. MIGA, IDA, and ADB (though ADB is a regional bank, it is often grouped in international finance discussions) are distinct from the World Bank's internal structure, but NABARD is clearly domestic.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

Which of the following organisations is created specially for providing credit to small and medium enterprises in India?

  1. NABARD

  2. SIDBI

  3. ECGC

  4. AMFI
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Small Industries Development Bank of India (SIDBI): Established as wholly owned subsidiary of IDBI and SIDBI Act 1989. Its headquarters is in Lucknow. It has 5 regional and 21 branch offices across the country. It is the principal financial institution for, promotion, financing and development of industries in the small scale sectors. It also co-ordinates the agencies which provides finance to small enterprises.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

India is a recipient of loan from which of these agencies?

  1. World Bank

  2. IMF

  3. IDA

  4. All the the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India has historically received financial assistance and loans from both the World Bank (IBRD) and its concessional lending arm, the IDA. While the IMF typically provides balance-of-payments support, it is also a source of financial assistance.

Multiple choice history economic system and economic policies american dominance, neo-imperialism and new economic policy insights on lpg changing economic policies

International Bank for Reconstruction and Development (IBRD) is popularly known as _____________.

  1. International bank

  2. World bank

  3. Reconstruction Bank

  4. Bank of Development
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

IBRD stands for International Bank For Reconstruction and Development. It is set up in

  1. It is one of the organisations under the World Bank Group and is headquartered in Washington DC. It offers loans to middle-income developing countries for development and structural changes.