Tag: specialised financial institutions

Quizzes (1) Questions (76)

Questions Related to specialised financial institutions

Multiple choice organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

Indira Gandhi Institute of Development Research was set up by the _________.

  1. RBI

  2. NABARD

  3. IBRD

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

Indira Gandhi Institute of Development Research is located in Mumbai. It was established by RBI in 1987 on the occasion of its golden jubilee . It is an advanced research institution.

Multiple choice organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

The Apex institution with regard to rural credit is __________.

  1. Agricultural Refinance and Development Corporation

  2. Regional Rural Banks

  3. Reserve Bank of India

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

NABARD is an apex development financial institution of India. It was established in 1982 with regards to policy, planning and operations in the field of credit for agriculture and other economic activities in rural parts of India.

Multiple choice organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

NABARD stands for ____________.

  1. National Bank for Agricultural and Refinance Development

  2. National Bank for Agricultural and Rural Development

  3. National Board of Agriculture and Rural Development

  4. National Bureau for Agriculture and Rural Development
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

National Bank of Agricultural and Rural Development was established in 1982 and has been entrusted with planning, policy and operations in the field of credit for agriculture and other economic activities in rural areas of India.

Multiple choice organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

The Reserve Bank of India was nationalised on __________.

  1. January 1, 1947

  2. January 1, 1949

  3. January 1, 1951

  4. January 1, 1955
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Reserve Bank of India was nationalized on the basis of Reserve Bank of India (Transfer to public ownership)act, 1948. After the nationalization, all shares in the capital of the bank was deemed transferred to the central government on payment of suitable compensation.

Multiple choice organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

Indira Gandhi Institute of Development Research was setup in the year ______.

  1. 1985

  2. 1987

  3. 1990

  4. 1995
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Indira Gandhi Institute of Development Research is located in Mumbai and was established by RBI. The reason for establishing this institution is to research on developmental issues. It also contains one of the largest social sciences library in Asia.

Multiple choice organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

The college of agricultural banking is located at ___________.

  1. Chennai

  2. Pune

  3. New Delhi

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

The College of Agricultural Banking was set up by RBI  in the Pune city of Maharashtra to educate rural people regarding agricultural banking and other related fields.

Multiple choice organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

Banking Ombudsman Scheme was announced in ______.

  1. 1947

  2. 1950

  3. 1995

  4. 1965
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The banking ombudsman scheme was introduced by RBI under section 35 A of the Banking Regulation Act, 1949 with effect from 1995. Under this scheme, a banking ombudsman who is a senior official is appointed. He/she handles and redresses the customer complaints against deficiency in certain banking services. 

Multiple choice organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

Every regional bank is sponsored by _________.

  1. Central Bank

  2. RBI

  3. Nationalised Bank

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

Nationalized bank are the public sector banks. All the regional rural banks are owned by either central government or state government.

Nationalized banks sponsor Regional Banks for greater rural development and availability of basic banking activities in rural areas.