Tag: industrial sector

Quizzes (10) Questions (117)

Questions Related to industrial sector

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

A bank requiring a higher interest rate on an automobile loan than on a home mortgage loan is demonstrating the core principle that says __________.

  1. "Time has value."

  2. "Markets determine prices and allocate resoucers."

  3. "Risks requires compensation."

  4. "Information is the basis for decisions."
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Banks charge higher interest rates on riskier loans to compensate for the higher probability of default. This is a fundamental principle of finance where higher risk requires a higher potential return.

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

In 1969, Government announced the nationalization of ______ number of major of commercial banks. 

  1. 12

  2. 14

  3. 16

  4. 18
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In 1969, the Indian government nationalized 14 major commercial banks to bring them under state control and align them with national development goals.

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

In 1969, Government announced the nationalization of ________ number of major Commercial Banks.

  1. 12

  2. 14

  3. 16

  4. 18
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In 1969, the Government of India nationalized 14 major commercial banks through an ordinance. This was the first major wave of bank nationalization, bringing banks with deposits over Rs. 50 crores under public ownership. This question duplicates the factual information from question 497255.

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

Before nationalisation, commercial banks in India were lending primarily to ____________.

  1. Agriculture

  2. Industry and Commerce

  3. Export Trade

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

Before nationalization, commercial banks were primarily owned by private industrial houses and focused their lending on large-scale industry and commerce, often neglecting agriculture and rural areas.

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

Which of the following was a cause for nationalization of Commercial Banks?

  1. Encouragement of speculative activities

  2. Neglect of Agricultural Sector

  3. Violation of Banking Norms

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

Nationalization was driven by multiple factors, including the neglect of the agricultural sector, the concentration of economic power, and the general failure of private banks to follow social welfare norms.

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

Which of the following was a cause for nationalization of Commercial Banks?

  1. Concentration of economic power

  2. Neglect of Priority Sectors

  3. Urban bias

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

The decision to nationalize banks was based on several issues, including the concentration of wealth in a few hands, the urban bias of banking services, and the neglect of priority sectors like agriculture.

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

Before nationalisation, Commercial Banks in India were having their branches in _________.

  1. urban areas

  2. rural areas

  3. semi-urban areas

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

Prior to nationalization, private commercial banks were heavily concentrated in urban areas where industrial and commercial activity was highest, leading to a lack of banking services in rural regions.