Tag: sources of business finance - 2

Quizzes (14) Questions (268)

Questions Related to sources of business finance - 2

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

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

  1. IDBI

  2. IFCI

  3. NABARD

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

The Industrial Development Bank of India (IDBI) was established as the apex institution to coordinate the activities of other financial institutions involved in financing, promoting, and developing industries in India.

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

IDBI was made an autonomous institution in _______.

  1. 1969

  2. 1972

  3. 1976

  4. 1982
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

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

What does E-banking maintain?

  1. Secrecy transaction

  2. Simple transaction

  3. Easy transaction

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
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.

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

The IDBI was established in ______.

  1. July, 1948

  2. July, 1949

  3. July, 1964

  4. July, 1965
Reveal answer Fill a bubble to check yourself
C Correct answer
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. 

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

Off-shore banking becomes more easy by _______.

  1. E-banking

  2. EXIM-bank

  3. Rural banking

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

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

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?

  1. I and II are correct

  2. I, II and IV are correct

  3. I, II and III are correct

  4. All are correct
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Development banks perform all these functions: providing risk capital, offering medium and long-term loans, guaranteeing loans, and assisting in the establishment of new industrial projects.

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

The first development bank was ___________________.

  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
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Industrial Bank of Japan (IBJ), established in 1902, is widely recognized in economic history as the first development bank of its kind.

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

Which of the following refers to E-banking?

  1. Educational banking

  2. Environment banking

  3. Export-Import bank

  4. Electronic banking
Reveal answer Fill a bubble to check yourself
D Correct answer
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.