Tag: organisation of commerce and management

Quizzes (188) Questions (1057)

Questions Related to organisation of commerce and management

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

Every regional bank is sponsored by _________.

  1. Central Bank

  2. RBI

  3. Nationalised Bank

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

Nationalized bank are the public sector banks. All the regional rural banks are owned by either central government or state government.

Nationalized banks sponsor Regional Banks for greater rural development and availability of basic banking activities in rural areas. 

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

The idea of establishing Regional Rural Banks was mooted in the _______.

  1. Integrated Rural Development Programme

  2. Community Development Programme

  3. Food for Work Programme

  4. Twenty Point Economic Programme
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The idea of establishing Regional Rural Banks was mooted in the Twenty Point Programme of July 1975. It was established to serve the credit needs of the rural people.  

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

Regional Rural Bank came into existence in _______.

  1. 1970

  2. 1972

  3. 1975

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

Regional Rural Bank (RRB) was established under the provision of an Ordinance and the RRB Act, 1976. RRBs are the created with the view to cater to rural areas of India with basic banking and financial services. They have banking operations in different states of India. 

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

The board of financial supervision was set up in ________.

  1. 1994

  2. 1995

  3. 1996

  4. 1997
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Due to the financial crisis and failure of large banks, to keep a close watch  and supervision was required to avoid recurrence of many financial crisis. Hence, the Board for Financial Supervision was set up by RBI. The object was to pay at most attention to the supervision of the institution in the financial sector.

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 statements is true or false?
a) Initially, 5 regional rural banks were set up in 1970.
b) Every regional rural banks is sponsored by a national bank.

  1. (a) is true, but (b) is false

  2. (a) is false, but (b) is true

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

  4. both (a) and (b) are false
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Nationalized Bank are the public sector banks, mostly owned by the state. All the Regional Rural Banks are owned by either central government or state government.  Hence, nationalized banks sponsor Regional Banks for greater rural development and availability of basic banking activities in rural areas. 

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

Dantwala Committee is related with _______.

  1. RRB's (Regional Rural Bank)

  2. RBI (Reserve Bank of India)

  3. NABARD (<span>National Bank for Agriculture and Rural Development&nbsp;)</span>

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

Dantwala committee led by Mohanlal Lallubhai Dantwala recommended in 1978 that RRB's should become an integral part of rural credit structure. It also recommended block level planning.  

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

The Banking Ombudsman scheme started from ______.

  1. June 1994

  2. June 1995

  3. August 1995

  4. January 1995
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Banking Ombudsman scheme was introduced under section 35 A of the Banking Regulation Act, 1949 with effect from 1995. Under Banking Ombudsman scheme, banking ombudsman is appointed by RBi he is a senior official. The official handles and redress customer complaints against deficiency in certain banking services. 

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

Long-term agricultural credit is provided by ________.

  1. Land Development Bank

  2. State Cooperative Bank

  3. Central Cooperative Bank

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

Long term agricultural credits are provided for land improvement, digging of wells, buying farm animals, purchase of machinery. Most of the expenses are relating to agriculture and other allied land development activities. Such long term agricultural credit is provided by Land Development Bank.

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

The Deposit Insurance Corporation was established in ________.

  1. 1961

  2. 1962

  3. 1963

  4. 1964
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The government of India enacted The Deposit Insurance Corporation Act in 1961. The whole objective of DIC was to provide necessary protection to the depositors from the risk of losing their deposits  and to inspire public confidence in the banking system.  

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.