Banking Financial Awareness · General Awareness

Banking Institutions and History

1,351 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 social science rural development in india credit and banking in rural areas rural activities credit

NABARD is a __________.

  1. subsidiary of the RBI.

  2. co-operative bank

  3. private bank

  4. autonomous public sector institution
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

NABARD was established by an Act of Parliament as an autonomous institution to promote sustainable and equitable agriculture and rural development. It is not a subsidiary of the RBI, nor is it a private or cooperative bank.

Multiple choice social science rural development in india credit and banking in rural areas rural activities credit

_________ is the apex bank for agriculture credit.

  1. RBI

  2. SIDBI

  3. NABARD

  4. ICICI
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

NABARD (National Bank for Agriculture and Rural Development) is the apex regulatory and development body for agriculture credit in India. While the RBI oversees the entire banking system, NABARD specifically focuses on the rural and agricultural sector.

Multiple choice social science rural development in india credit and banking in rural areas rural activities credit

Which of the following is exclusively concerned with the credit needs of all types of agriculture and rural development in India?

  1. RBI

  2. SBI

  3. IBRD

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

NABARD is the apex institution specifically mandated to handle the credit needs of the agricultural and rural development sectors in India. The other options are either general commercial banks or international organizations.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

The SIDBI is a wholly owned subsidiary of the _________.

  1. RBI

  2. IBRD

  3. IDBI

  4. IRBI
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1990. SIDBI was made responsible for administering Small Industries Development Fund and National Equity Fund that were administered by IDBI before.  SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Which of the following statements is true or false?
a) NABARD takes up all the functions performed by RBI with regard to rural credit
b) NABARD provides credit directly to rural people

  1. both (a) and (b) are correct

  2. both (a) and (b) are false

  3. (a) is true, (b) is false

  4. (a) is false, (b) is true
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

NABARD stands for National Bank for Agriculture And Rural Development. The bank has been entrusted with matters concerning policy and planning related to agriculture and rural development. It replaced the Rural Planning and Credit Cell (RPCC) of RBI.

NBARD is an apex institution and hence doesn't directly directly finance farmers and other rural people.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Small Industries Development Bank of India is created by _______.

  1. RBI

  2. IDBI

  3. IFCI

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

SIDBI was established in 1990 to cater to the financial needs and growth and development of micro, small and medium scale enterprises. It is an important pillar of Indian economy as it contributes greatly to the growth of the same.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Khusro Committee is associated with _______.

  1. RRBs

  2. RBI

  3. NABARD

  4. SBI
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Khusro Committee is also known as Agricultural Review Committee which was established in 1989. The function of Khusro committee under the chairmanship of Prof. A.M. Khusro was to examine the problems of agricultural and rural credits, measure the structural and operational deficiencies and recommend major systematic improvements.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

The principal financial institution for the promotion, financing and development of small scale industries is ________.

  1. SIDBI

  2. SFCs

  3. EXIM Bank

  4. IRBI
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1990. SIDBI was made responsible for administering Small Industries Development Fund and National Equity Fund that were administered by IDBI before.  SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

NABARD has taken over the entire functions of________.

  1. ARDC

  2. ACD of RBI

  3. RPCD of RBI

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
Reserve Bank of India (RBI) set up the Agricultural Refinance Corporation (ARC) in 1963 to work as a refinancing agency in providing medium term and long term agricultural credit to support investment credit needs for agricultural development. In 1975, ARC was renamed as Agriculture Refinance and Development Corporation (ARDC) to give focussed attention to credit offtake, development and promotion of the agricultural sector.
 Upon its formation in 1982, NABARD took over the functions of the erstwhile Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of RBI and ARDC.
Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

The SIDBI was established in _________.

  1. April, 1980

  2. April, 1985

  3. April, 1990

  4. April, 1995
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Which one among the following has not started Commercial Banking?

  1. SIDBI

  2. IDB

  3. ICICI

  4. UTI
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

It is a public financial institution which lends for longer periods.A bank is defined as an institution which accepts deposits for the purpose of lending and investment.  Further, Banks lend for shorter durations. SIDBI does not accept deposits and hence it is a financial institution not a commercial bank.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

SIDBI is a subsidiary of ____________.

  1. IDBI

  2. Union Bank

  3. RBI

  4. NABARD
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India). It is established under the Special Act of the Parliament 1988 that became operative since April 2, 1990.

Responsibility of administering Small Industries Development Fund and National Equity Fund that were earlier administered by IDBI were transferred to SIDBI. It is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Headquarters of NABARD is located at _______.

  1. Kolkata

  2. Mumbai

  3. Delhi

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

National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India, headquartered at Mumbai with regional offices all over India.The Bank has been entrusted with "matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India".

Multiple choice organisation of commerce and management public sector undertakings & global enterprises characteristics, objectives and growth of public sector enterprises public, private and joint sector cooperatives

Axis Bank was founded in ______.

  1. 1991

  2. 1992

  3. 1993

  4. 1994
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Axis Bank is the third largest of the private-sector banks in India offering a comprehensive suite of financial products. The bank has its head office in Mumbai, Maharashtra. It has 3,703 branches, 13,814 ATMs, and nine international offices.

Multiple choice commerce micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes

Which of the following is the bank that is a part of MDM Bachat Gat?

  1. MDMBGF

  2. MDMSB

  3. MVSS

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

MDMSB stands for the specific banking entity associated with the MDM Bachat Gat program in the context of these specific micro-finance schemes.