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

EXIM Bank is authorised to raise loan from _________.

  1. RBI

  2. government of India

  3. international market

  4. all the three
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Export-Import Bank of India (EXIM Bank) is authorized to raise funds from multiple sources, including the Reserve Bank of India, the Government of India, and international markets, to support its operations.

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

Industrial Investment Bank of India was initially set up as _____  during 1971.

  1. Industrial Reconstruction Corporation Ltd.

  2. Indian Reconstruction Bank Ltd.

  3. Industrial Reconstruction Bank of India

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

The Industrial Investment Bank of India was originally established in 1971 as the Industrial Reconstruction Corporation of India (IRCI) to assist sick industrial units.

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 these are not duties of EXIM Bank?

  1. Lending / Guarantee

  2. Advisory

  3. Promotional

  4. Trading activities
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

EXIM Bank is a development financial institution focused on financing and promoting foreign trade. It does not engage in direct commercial trading activities.

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

One of the important function of IFCI is to ________.

  1. provide medium and long term credit to industrial undertaking and help them create industrial estate.

  2. provide bank guarantee to large and medium sector industrial undertakings.

  3. provide bridge loan to small and medium enterprises.

  4. provide soft loan to sick units.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The primary objective of IFCI is to provide medium and long-term financial assistance to industrial undertakings in India to foster industrial development.

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

Industrial Reconstruction Bank of India (RBI) was so renamed in place of Industrial Reconstruction Corporation Ltd. on ________.

  1. 15th August 1990

  2. 20th March 1985

  3. 2nd October 1987

  4. December 1990
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Industrial Reconstruction Corporation of India was renamed the Industrial Reconstruction Bank of India (IRBI) on March 20, 1985, following the enactment of the IRBI Act.

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

EXIM Bank was set up to _________.

  1. extend loan advances to small and medium sector enterprises.

  2. promote cross border trade and investment

  3. to promote import substitution

  4. all the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The primary mandate of the EXIM Bank is to provide financial assistance to exporters and importers, thereby promoting India's cross-border trade and investment.