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

Nationalisation of 14 major banks in India took place in ________.

  1. July 1969

  2. June 1970

  3. April 1980

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

On July 1969, fourteen major private commercial bank of India were nationalized which included Indian bank, Indian Overseas bank, Canara bank etc in order to increase the efficiency of public sector. 

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

SEBI approved which insurance company to launch its initial public offering(IPO) ?

  1. Aviva Life Insurance Co.

  2. AvegonLife Insurance Co.

  3. Bharti AXA Life Insurance Co.

  4. ICICI Prudential Life Insurance Co.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

ICICI Prudential Life Insurance Company was the first private sector life insurance company in India to launch an IPO, which was approved by SEBI.

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

Agriculture accounted for _________$\%$ of advances of banks just before nationlization.

  1. $2.2\%$
  2. $4.4\%$
  3. $6.6\%$
  4. $8.8\%$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Prior to the 1969 nationalization, the share of agriculture in total bank credit was very low, estimated at approximately 2.2 percent.

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

Nationalisation of Banks was done in _________.

  1. 1969

  2. 1959

  3. 1949

  4. 1979
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In 1969, fourteen major private commercial banks of India were nationalized which included Indian bank, Indian Overseas bank, Canara bank etc in order to increase the efficiency and effectively of public sector by bringing domestic competition in the sector so that it can compete with the international banking system.