Tag: private sector anddifference between public and private sector

Quizzes (0) Questions (120)

Questions Related to private sector anddifference between public and private sector

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

Who was the Prime Minister when $14$ banks were nationalised?

  1. Mrs Indira Gandhi

  2. Morarji Desai

  3. Lal Bahadur Sastri

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

Indira Gandhi nationalised 14 major banks through an Ordinance on July 19, 1969. These banks held 70-85 per cent of total deposits in banks at the time.

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 has recommended that a part of foreign exchange reserves should be used for infrastructural development?

  1. Parekh Committee

  2. Rakesh Mohan Committee

  3. Mehta Committee

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

The Parekh Committee (headed by Deepak Parekh) recommended that a portion of India's foreign exchange reserves could be utilized for financing infrastructure projects, given the large size of the reserves at the time.

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 is the abbreviated name of the assets reconstruction company created specifically for small and medium sectors?

  1. CGTMSE

  2. CARE

  3. APITCO

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

ISARC stands for India SME Asset Reconstruction Company. It was specifically set up to address the issue of non-performing assets in the small and medium enterprise (SME) sector.

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 housing schemes was/were launched by HUDCO to give special emphasis on the development of rural areas of the country?
(A) Indira Awas Yojana
(B) Adarsh Gram/Adarsh Basti Yojana
(C) Pradhan Mantri Gram Sadak Yojana.

  1. Only (A)

  2. Only (B)

  3. Only (C)

  4. All (A), (B) and (C)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

HUDCO started its rural housing activity from 1977-78 by extending loan assistance on affordable terms for construction of rural houses.

Indira Awaas Yojana (IAY) is the biggest and most comprehensive rural housing programme ever taken up in the country. 
There shall an Empowered Committee chaired by Secretary(RD)/Additional Secretary(RD) consisting the of following members
 i. Joint Secretary (Rural Housing) 
ii. Adviser (Planning Commission) 
iii. Representative of HUDCO
 iv. The representative of Knowledge Network 
v. Representatives of two eminent NGOs from the field of building construction
 vi. Secretary dealing with Rural Housing, of the state concerned
 vii. Representative of I.F.D 

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 is not a programme/agency of the Union Ministry of Finance?

  1. Investor Education and Protection Fund (IEPF)

  2. National Foundation for Corporate Governance (NFCG)

  3. Serious Frauds Investigation Officer (SFIO)

  4. Central Rural Sanitation programme
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Central Rural Sanitation Programme is a scheme under the Ministry of Drinking Water and Sanitation (now part of the Ministry of Jal Shakti), not the Ministry of Finance.

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 is not a social assistance programme launched by the Government of India?

  1. National Old Age Pension Scheme

  2. Annapurna Scheme

  3. National Family Benefit Scheme

  4. All are social assistance programmes
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All the listed programs (National Old Age Pension Scheme, Annapurna Scheme, and National Family Benefit Scheme) are components of the National Social Assistance Programme (NSAP) launched by the Government of India.

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

Generally, the lead bank in a district is the bank which is ________.

  1. having government business

  2. having the largest deposits in the district

  3. identified to coordinate implementation of the district credit plan

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The lead bank of a district is that bank which forms the basic day to day policies of that district and which is identified to coordinate implementation of the district credit plan which refers to the credit creation plans of the banks. 

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

According to the recent guidelines, $(2013)$ of the Reserve Bank of India the Private Sector Banks are required to have a minimum paid up equity capital of __________.

  1. $Rs. 300\ crores$
  2. $Rs. 200\ crores$
  3. $Rs. 400\ crores$
  4. $Rs. 500\ crores$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

According to the RBI guidelines issued in 2013 for licensing new banks in the private sector, the minimum paid-up equity capital requirement was set at Rs. 500 crores.

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

The profitability of public-sector banks is low due to:
(i) Over-cautions approach to lending
(ii) Reserve Bank Policies
(iii) High Overhead Costs
(iv) Social-sector lending
Identify the correct code.

  1. (i) and (ii)

  2. (i) and (iv)

  3. (i), (iii) and (iv)

  4. (ii) and (iii)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The profitability of public sector banks is often constrained by high overhead costs, the requirement for social-sector lending (priority sector), and an over-cautious approach to lending due to risk aversion or bureaucratic processes.

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

The nationalized New Bank of India was later merged with ________.

  1. central bank of India

  2. bank of Baroda

  3. Punjab national bank

  4. canara bank
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Government of India nationalized New Bank of India in 1980. Punjab National Bank acquired New Bank of India in 1993.