Tag: nationalisation and privatisation of banks

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Questions Related to nationalisation and privatisation of banks

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 the Scheduled Caste and Scheduled Tribes as well as women. Such loans range from _____________.

  1. Rs. 1 lakh to Rs.10 lakh

  2. Rs. 10 lakh to Rs.1 Crore

  3. Rs. 10 lakh to Rs.50 lakh

  4. Rs. 10 lakh to Rs.1.5 Crore
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The start-up scheme provides loans to entrepreneurs of the Scheduled Caste and Scheduled Tribes as well as women. Such loans range from Rs 10 lakh to Rs 1 crore.Globally India ranks in third position with 42000 start ups. 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

Land development banks provide loans for a period of  _____.

  1. 1 year

  2. 2 to 5 years

  3. 5 to 7 years

  4. 15 to 20 years
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Land development banks are specialized institutions designed to provide long-term credit to farmers for land improvement and agricultural development, typically ranging from 15 to 20 years.

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

Nationalization of banks aimed at all of following except ________.

  1. removal of control by few

  2. provisions of credit to big industrial organizations

  3. provisions of adequate credit for agricultural

  4. encouragement of new class of entrepreneurs
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Nationalization aimed to shift credit away from large industrial houses toward priority sectors like agriculture and small-scale industries. Therefore, providing credit to big industrial organizations was not an aim, but rather a practice the government sought to curb.

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.