Tag: long term sources of finance

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Questions Related to long term sources of finance

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

Industrial banks are also known as___________.

  1. NABARD

  2. RRB's

  3. Morris bank

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

Just as investment banks, industrial banks sell certificates that are labelled as investment share. This helps public to invest in such bonds and certificates through industrial banks. Hence, Industrial banks are also known as investment banks.

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

Mixed banking system is found in _________.

  1. India

  2. U.S.A.

  3. Germany

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

German banking system is the best example of mixed banking system. German banks perform large variety of functions which includes functions of a commercial bank as well as investment bank. These banks can also be called as universal banks.

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

Unit Banking system was originated in __________.

  1. USA

  2. England

  3. India

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

Unit Banking System refers to a single and usually small banks providing financial services to local people. Such banks do not have any connecting branches. The concept of Unit Banking System was originated in USA.

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

The reserve bank staff college is located at __________.

  1. Pune

  2. Chennai

  3. Mumbai

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

RBI stands for Reserve Bank of India, RBI commenced with its operations from 1st April 1935. The Reserve Bank Staff college was set up by RBI  for training their existing staff with specified banking skills. 

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

The Industrial Finance Corporation of India was set up in _____.

  1. 1948

  2. 1964

  3. 1985

  4. 1990
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The IFCI was the first development bank owned by government of India post independence. The main focus  was to cater to the long term financial needs of the industrial sector. 

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

Indira Gandhi Institute of Development Research was set up by the _________.

  1. RBI

  2. NABARD

  3. IBRD

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

Indira Gandhi Institute of Development Research is located in Mumbai. It was established by RBI in 1987 on the occasion of its golden jubilee . It is an advanced research institution.

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

The Apex institution with regard to rural credit is __________.

  1. Agricultural Refinance and Development Corporation

  2. Regional Rural Banks

  3. Reserve Bank of India

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

NABARD is an apex development financial institution of India. It was established in 1982 with regards to policy, planning and operations in the field of credit for agriculture and other economic activities in rural parts of India.

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

NABARD stands for ____________.

  1. National Bank for Agricultural and Refinance Development

  2. National Bank for Agricultural and Rural Development

  3. National Board of Agriculture and Rural Development

  4. National Bureau for Agriculture and Rural Development
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

National Bank of Agricultural and Rural Development was established in 1982 and has been entrusted with planning, policy and operations in the field of credit for agriculture and other economic activities in rural areas 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 Reserve Bank of India was nationalised on __________.

  1. January 1, 1947

  2. January 1, 1949

  3. January 1, 1951

  4. January 1, 1955
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Reserve Bank of India was nationalized on the basis of Reserve Bank of India (Transfer to public ownership)act, 1948. After the nationalization, all shares in the capital of the bank was deemed transferred to the central government on payment of suitable compensation.