Tag: public and private sectors

Quizzes (9) Questions (3)

Questions Related to public and private sectors

Multiple choice history public and private sectors growth of banks in india nationalisation and privatisation of banks private sector anddifference between public and private sector

In Maharashtra, Academy of Development Science (ADS) has facilitated a network of NGOs for setting up _____ in different regions.

  1. Milk banks

  2. Money banks

  3. Cloth banks

  4. Ration banks

  5. Grain banks
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Academy of Development Science located in Maharashtra is a Network of NGOs which sets up grain banks. Previously rural and tribal people used to cure diseases by plants and their products. But deforestation in present day caused damage to those plants. This is the reason why the NGO distributes grains and seeds to rural and tribal people so that they can plant such ayurvedic and rare species.

Multiple choice history public and private sectors growth of banks in india nationalisation and privatisation of banks private sector anddifference between public and private sector

According to the recent guidelines, $(2013)$ of the Reserve Bank of India the Private Sector Banks are required to have a minimum paid up equity capital of __________.

  1. $Rs. 300\ crores$
  2. $Rs. 200\ crores$
  3. $Rs. 400\ crores$
  4. $Rs. 500\ crores$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

According to the RBI guidelines issued in 2013 for licensing new banks in the private sector, the minimum paid-up equity capital requirement was set at Rs. 500 crores.

Multiple choice history public and private sectors growth of banks in india nationalisation and privatisation of banks private sector anddifference between public and private sector

Asia Bank is a _________________.

  1. Public Sector Bank

  2. Private Sector Bank

  3. Co-operative Bank

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

Asia Bank (often referring to entities like City Union Bank or similar regional private entities) is categorized as a private sector bank in the Indian banking landscape.