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Current Affairs January 2024

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4

Which of the following are under the purview of Industrial Development Bank of India?
1. Unit Trust of India
2. Life Insurance Corporation of India
3. Export-Import Bank
4. State Finance Corporation of India

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 3 and4

D. 1, 2 and 4

Correct Answer :

B. 2, 3 and 4


Related Questions

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4

As per the reports published- in various journals and newspapers the 'small borrowers' in rural areas still prefer to take informal route for their credit needs. Which of the following is the 'informal route' of credit in financial sector? [Punjab & Sindh Bank 2011]

A. Credit cards

B. Loan against gold from financial institute

C. Debit cards

D. Money lender

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4

In order to be scheduled to the Reserve Bank of India, a bank should have capital and reserve of not less than:

A. 1 lakh

B. 5 lakhs

C. 10 lakhs

D. 50 Iakhs

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4

Which one of the following Indian banks is not a nationalized bank? [IAS 2006]

A. Corporation Bank

B. Dena Bank

C. Federal bank

D. Vijaya Bank

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4

According to the RBI directions, a NBFC (Non-Banking Finance Company) must possess a Net-owned Fund of the amount:

A. minimum Rs.5 lakh

B. minimum Rs. 10 lakh

C. minimum Rs. 25 lakh

D. minimum Rs. 50 lakh

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4

Which of the following constitute short-term sources of finance for small scale industries?
1. Private money lenders
2. Loans by commercial banks
3. Credit Guarantee schemes
4. National Small Industries Corporation

A. 1, 2 and 3

B. 1 only

C. 1, 2 and 4

D. 1, 2, 3 and 4

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4

'Repo rate' is the rate at which: [CDS 2004]

A. the Reserve Bank of India lends to State Government

B. the international aid agencies lend to Reserve Bank of India

C. the Reserve Bank of India lends to banks

D. the banks lend to Reserve Bank of India

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4

Regional Rural Banks are designed to work in which of the following ideals? [IAS 1988]

A. Work on basics of commercial banks

B. Help the targetted groups

C. Keep lending rates lower than cooperative institutions

D. Work on innovative and adaptive ideals

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4

Private Sector Mutual Funds in India were permitted in [UP PCS 2011]

A. 1964

B. 1993

C. 1994

D. 2001

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4

EXIM Bank was set-up in :

A. 1980

B. 1982

C. 1985

D. 1986

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4

If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation?

A. Decrease

B. Increase

C. No change

D. None of these

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4

In some parts of India, farmers face acute distress because of heavy burden of debt from non-institutional renders. Who can be called a non-institutional lender? [RBI Grade B Officer 2011]

A. Small Banks

B. Grameen Banks

C. Credit Cooperative Societies

D. Money Lenders

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4

Which of the following combinations is correct? [IFS 1989]

A. NABARD-Industrial Loans

B. IDBI-Short term loans

C. RBI-Long term finance

D. RRB-Agricultural finance

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4

Bank rate is the rate at which:

A. a bank lends to the public

B. the Reserve Bank of India lends to the public

C. the Government of India lends to other countries

D. the Reserve Bank of India gives credit to commercial banks

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4

Which of the following is at the apex of Industrial Finance in India? [UDC 1995]

A. Industrial Finance Corporation

B. Reserve Bank of India

C. Industrial Development Bank of India

D. Industrial Credit and Investment Corporation of India

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4

In 1921, the Presidency Banks of Bengal, Madras and Bombay were nationalised to give birth to:

A. Punjab National Bank

B. Syndicate Bank

C. State Bank of India

D. Punjab and Sindh Bank

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4

Which of the following organisations in India is mainly' working to meet the credit needs of all types of agricultural and rural development activities?

A. FCI

B. IDBI

C. NABARD

D. ICAR

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4

Which of the following are under the purview of Industrial Development Bank of India?
1. Unit Trust of India
2. Life Insurance Corporation of India
3. Export-Import Bank
4. State Finance Corporation of India

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 3 and4

D. 1, 2 and 4

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4

Which two of the following nationalized banks have been merged as per the recommendation of the Narsimhan Committee? [NDA 1995]

A. New Bank of India and Bank of India

B. Central Bank of India and Corporation Bank

C. Parur Bank of India and Bank of India

D. Punjab National Bank and New Bank of India

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4

Which of the following activities would Small Industries Development Bank of India (SIDBI) undertake under the new rural industrialisation programme? [Bank PO 1994]
1. Consultation in erecting the project
2. Providing marketing assistance and refinance facilities at later stage
3. Running the project during initial stage

A. Only 1and 2

B. Only 2 and 3

C. Only 2

D. Only 1

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4

Consider the following events:
1. Conversion of Imperial Bank of India into S.B.I.
2. Establishment of NABARD
3. Setting up of RRBs
4. Nationalisation of R.B.I.
The correct chronological sequence of these events is : [CDS 1999]

A. 4, 1, 2, 3

B. 4, 1, 3, 2

C. 1, 4, 3, 2

D. 1, 4, 2, 3

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4

The arguments to support opening up of the Insurance sector in India were:
1. It will provide wider choice to customers
2. It will infuse competition and efficiency
3. It will widen the base of long term funds
4. It will improve balance of payments position
Choose the correct answer from:

A. 1, 2

B. 2, 3

C. 1, 2, 3

D. 1, 2, 3 and 4

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4

What are gilt-edged securities?

A. Securities issued by the multinationals

B. Securities issued by the government

C. Securities issued by the private sectors

D. Securities issued by the joint venture companies

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4

Nationalisation of banks was done with the purpose of:

A. financing the industries

B. improving credit facilities

C. consolidating the economy

D. improving security of deposits

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4

The main function of the Exim Bank is:

A. to help RBI in the regulation of foreign exchange

B. to prevent unlicensed transaction

C. to promote exports and curtail imports

D. to conserve foreign exchange

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4

A Scheduled Bank is one which is included in the: [CPO SI 2002]

A. II Schedule of Banking Regulation Act

B. II Schedule of Constitution

C. II Schedule of Reserve Bank of India Act

D. None of the above

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4

The basic regulatory authority for mutual funds and stock markets lies with the:

A. Government of India

B. Reserve Bank of India

C. Securities and Exchange Board of India

D. Stock Exchanges

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4

The oldest stock exchange of India is :

A. Bombay Stock Exchange

B. Ahmedabad Stock Exchange

C. Bangalore Stock Exchange

D. Hyderabad Stock Exchange

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4

In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities? [CSAT 2011]

A. Commercial Banks

B. Cooperative Banks

C. Regional Rural Banks

D. Microfinance Institutions

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4

Which of the following is the Banker of the Banks? [Railways 1995]

A. IDBI

B. SBI

C. RBI

D. SBI and RBI

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4

The Imperial Bank of India, after nationalisation was given the name of:

A. Reserve Bank of India

B. Bank of India

C. State Bank of India

D. Indian Overseas Bank