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

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. 

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

In the accounts of banks "loans and advances" are

  1. High interest income

  2. Loans given to customer

  3. Liabilities of bank

  4. Both a & b
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Loans and advances are assets for a bank because they represent money lent to customers that will be repaid with interest. Since they are loans given to customers, both the description of them as assets and the nature of the transaction are relevant.

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

________ Indian Aspriation Fund was launched by _______ in August 2015 to boost the start-up funds ecosystem in the country. 

  1. Rs. 5,000 Crore; IDBI

  2. Rs. 2,000 Crore; SIDBI

  3. Rs. 2,000 Crore; RBI

  4. Rs. 3,500 Crore; ICICI
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Rs 2000 crore Indian Aspriation Fund was launched by SIDBI in August 2015 to boost the start-up funds ecosystem in the country. It helps to promote the culture of innovation and entrepreneurship in India at a larger extent. As a consequence it helps to uplift the economic development in India.

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

Digital India programme has been launched ____________.

  1. to increase the outreach of government services to the citizens of India by increasing the number of internet users.

  2. to provide broadband connectivity to poor people in India.

  3. to bring down the high rate of internet charges

  4. to provide broadband connectivity to students studying in college
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Digital India programme was launched by the Government of India to ensure that government services are made available to citizens electronically by improving online infrastructure and increasing internet connectivity.

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

SETU means _________________________.

  1. Small Employment & Talent Utilization

  2. Self Enrolment & Talent Utilization

  3. Self Employment & Talent Utilization

  4. Self Employment & Talent Utility
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

SETU means Self Employment & Talent Utilization. SETU helps to support new start-ups and finance small businesses in India. It helps to promote culture of innovation and entrepreneurship.

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

The start-up scheme provides loans to entrepreneurs of ________________________.

  1. the Scheduled Caste

  2. the Scheduled Caste and Scheduled Tribes

  3. the Scheduled Caste and Scheduled Tribes as well as women

  4. the Scheduled Caste, Scheduled Tribes as well as women & men.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The start-up schemes provide loans to entrepreneurs of the Scheduled Caste and Scheduled Tribes as well as women. The start-up helps to promote the culture of innovation and entrepreneurship in India. It also promotes economic growth and development.

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

National Skill Development Corporation (NSDC) operates through partnership with the _________________________.

  1. Private Sector

  2. Central Ministers

  3. State Government

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

National Skill Development Corporation (NSDC) operates through partnership with the private sector, Central Ministers and State Government.Over 5.2 million students are trained by NSDC. The main objective of the NSDC is to upgrade skill to international standards through significant industry involvement and develop necessary frameworks for standards, curriculum and quality assurance. The National Skill Development Corporation India (NSDC) was setup as a one of its kind, Public Private Partnership Company with the primary mandate of catalyzing the skills landscape in India.