Tag: growth of banks in india

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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 Acts helps a bank in its day-to-day activities?

  1. Competition Act

  2. Negotiable Instruments Act

  3. Hindu Marriage Act

  4. Hindu Succession Act
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Negotiable Instruments Act, 1881, is fundamental to banking as it governs instruments like cheques, bills of exchange, and promissory notes, which are essential for day-to-day banking transactions.

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

Nationalisations of banks aimed at all of the following except _____________.

  1. provision of adequate credit for agriculture, SME and exports

  2. removal of control by a few capitalists

  3. provision of credit to big industries only

  4. access of banking to masses
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Nationalisation of banks aimed at all of the provision of adequate credit, for agriculture and small industry and export only, but not big industries.

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 Committees/Task forces was set up to suggest reforms in Banking Sector?

  1. Task force on Infrastructure

  2. Narasimham Committee

  3. Rajinder Sachar Committee

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

The Narasimham Committee (I and II) was specifically appointed to suggest comprehensive reforms in the Indian banking sector, including structural changes, capital adequacy, and asset classification.

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.

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

Regional Rural Banks _____________.

  1. have limited area of operation and access to refinance from NABARD.

  2. are required to lend only to weaker sections

  3. are mandated to do only narrow banking.

  4. can only extend agricultural loans.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Regional Rural Banks (RRBs) are designed to operate in specific rural areas and are supported by sponsor banks and NABARD for refinance facilities to serve rural credit needs.

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

Fill in the blanks from the alternatives given.
The 20 - point programme was introduced by _________.

  1. Rajiv Gandhi

  2. Indira Gandhi

  3. Sonia Gandhi

  4. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The 20-Point Programme was first launched by Prime Minister Indira Gandhi in 1975, aimed at poverty alleviation and improving the quality of life for the poor.

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

Prior to 1955 SBI was known as ______.

  1. Important Bank of India

  2. Central Bank of India

  3. Imperial Bank of India

  4. Indigenous Bank of India
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The State Bank of India (SBI) was formed by the nationalization of the Imperial Bank of India in 1955. The other options are incorrect as they do not represent the predecessor institution.