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

Which one is not the objective of Nationalisation of banks?

  1. Removal of control of Banks by few

  2. Generation of more revenue

  3. Managing Banks professionally

  4. Provision of adequate credit for Agriculture and SSI units
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The primary objectives of bank nationalization were social welfare, financial inclusion, and directing credit to priority sectors like agriculture and small-scale industries. Generating revenue was not a primary objective of the government policy.

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

The full form of ICICI is :

  1. Investment Credit and Industrial Corporation of India

  2. Indian Credit and Investment Corporation of India

  3. Industrial Credit and Investment Corporation of India

  4. International Credit and Investment Corporation of India.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

ICICI stands for Industrial Credit and Investment Corporation of India. It was originally established as a development finance institution to provide medium and long-term project financing to Indian businesses.

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

The rate of interest at which the RBI lends to the commercial banks is called ___________.

  1. SLR

  2. CRR

  3. Bank rate

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

The Bank Rate is the rate at which the central bank (RBI) is prepared to buy or rediscount bills of exchange or other commercial paper eligible for purchase under the RBI Act. It serves as a tool for monetary policy.

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

Govt. of India has created a special India Micro finance Equity Fund of Rs. 100 Crores. The fund is maintained by _______.

  1. RBI

  2. SIDBI

  3. NABARD

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

Small Industrial Development Bank of India (SIDBI) is a development fiscal establishment in India, headquartered at Lucknow and having its offices all over the country. 

Its purpose is to provide refinance facilities and short term lends to industries and serves as the major financial institution in the Micro, Small and Medium Enterprises (MSME) sector. 

SIDBI also, coordinate the functions of institution occupied in similar activities. It was established on April 2, 1990, through an Act of Parliament. It is headquartered in Lucknow. SIDBI operates under the Department of Financial Services, Government of India.

Thus, the correct option is B.

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

The term 'Core Banking Solutions' is sometimes seen in the news. Which of the following statements best describes/ describe this term?
1. It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
2. It is an effort to increase RBI's control over commercial banks through computerization.
3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.
Select the correct answer using the code given below.

  1. $1$ only
  2. $2$ and $3$ only
  3. $1$ and $3$ only
  4. $1, 2$ and $3$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Core Banking Solutions (CBS) refers to the networking of bank branches, allowing customers to access their accounts from any branch. Statements 2 and 3 are incorrect descriptions of this technology.

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

Which Bank was merged with Punjab National Bank in 1993 ?

  1. New Bank of India

  2. Bank of Maharashtra

  3. Kashi Nath Bank

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

Punjab National Bank acquired New Bank of India in 1993. Thereafter, no other nationalized bank in India has been merged into another bank.

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

How many banks were nationalised in 1969?

  1. 16

  2. 14

  3. 15

  4. 20
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In a major process of nationalization, seven subsidiaries of the State Bank of India were nationalized via the State Bank of India (Subsidiary Banks) Act, 1959. In 1969, fourteen major private commercial banks were nationalized.