Tag: sources of business finance - 2

Questions Related to sources of business finance - 2

An apex institution in the sphere of development banking in India is ______.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. IDBI

  2. IFCI

  3. NABARD

  4. UTI

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Correct Option: A

IDBI was made an autonomous institution in _______.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. 1969

  2. 1972

  3. 1976

  4. 1982

Show answer
Correct Option: C
Explanation:

IDBI stands for Industrial Development Bank of India. IDBI was established by the parliament to provide credit and there financial facilities to the developing industries of India.IDBi was made an autonomous institution as its ownership passed on from Reserve Bank of India to the government of India.

What does E-banking maintain?

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. Secrecy transaction

  2. Simple transaction

  3. Easy transaction

  4. All of the above

Show answer
Correct Option: A
Explanation:

E- banking refers to electronic banking. E- banking functions with the help of internet and the financial institution's website, hence a lot of data regarding one's account number, bank details etc are required to carry out a transaction. High secrecy is maintained by E-banking system to keep the numbers hidden.

The IDBI was established in ______.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. July, 1948

  2. July, 1949

  3. July, 1964

  4. July, 1965

Show answer
Correct Option: C
Explanation:

IDBI stands for Industrial Development Bank of India. IDBI was established by the parliament to provide credit and there financial facilities to the developing industries of India. It is owned by the government of India. 

Off-shore banking becomes more easy by _______.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. E-banking

  2. EXIM-bank

  3. Rural banking

  4. IMF

Show answer
Correct Option: A
Explanation:

Off shore bank refers to the bank located in a jurisdiction away from where the account holder or depositor resides. As E-banking doesn't require the account holder to be physically present in the bank to make the transaction, off-shore banking becomes much easier with the help of E-banking

IFCI was established in _______.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. 1946

  2. 1948

  3. 1949

  4. 1950

Show answer
Correct Option: B
Explanation:

industrial financial corporation of india was established in 1948 by goverment of india

Functions of development banks:
I. They provide risk capital
II. They grant medium and long-term loans
III. They guarantee loans raised from within and outside the country
IV. They provide assistance for setting up new industrial projects
Which of the given options are correct?

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. I and II are correct

  2. I, II and IV are correct

  3. I, II and III are correct

  4. All are correct

Show answer
Correct Option: D

The first development bank was ___________________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. The Industrial Development Bank of Canada

  2. The Industrial Development Bank of U.S.A.

  3. The Industrial Development Bank of England

  4. The Industrial Development Bank of Japan

Show answer
Correct Option: D

The first development bank in India was the ______.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. IFCI

  2. IDBI

  3. UTI

  4. SIDBI

Show answer
Correct Option: A
Explanation:

IFCI (industrial financial corporation of india) was first development bank of india in 1948

Which of the following refers to E-banking?

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. Educational banking

  2. Environment banking

  3. Export-Import bank

  4. Electronic banking

Show answer
Correct Option: D
Explanation:

Electronic banking is also known as Online banking, virtual banking. E banking refers to electronic payment system that enables a customer to conduct certain banking activities and transaction through internet via a the financial institute's website.