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Current Affairs January 2024

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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

Correct Answer :

C. NABARD


Related Questions

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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

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

Which of the following provides the largest part of the demand for loanable funds in India?

A. Farmers

B. Private-house purchasers

C. Corporate businesses

D. Hire-purchase borrowers

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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

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

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

Participatory Notes (PNs) are associated with which one of the following?

A. Consolidated Fund of India

B. Foreign Institutional Investors

C. United Nations Development Programme

D. Kyoto Protocol

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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

The Securities and Exchange Board of India has been set up to :
1. protect the interests of investors
2. to regulate the activities of brokers in the stock market
3. to ensure transparency in operation in the stock market.
4. to encourage a healthy growth of the stock market
Choose your answer from:

A. 1 and 2

B. 1, 2 and 4

C. 1, 2 and 3

D. 1, 2, 3 and 4

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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

EXIM Bank was set-up in :

A. 1980

B. 1982

C. 1985

D. 1986

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4

Who amongst the following has never held post of the Governor of the RBI? [RBI Grade B Officer 2011]

A. C. Rangarajan

B. L.K. Jha

C. Manmohan Singh

D. Usha Thorat

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4

Which of the following statements is/are correct?
1. NIFTY is based upon 50 firms in India.
2. NIFTY is governed and regulated by the Reserve Bank of India.
3. NIFTY does not trade in mutual funds
Select the correct answer using the code given below: [CDS 2012]

A. 1 only

B. 2 only

C. 3 only

D. 1 and 3

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4

Which of the following is not true about the Reserve Bank of India?

A. It regulates the currency and credit system of India

B. It maintains the exchange value of the rupee

C. Foreign exchange reserves are kept by RBI

D. One rupee notes and coins are issued by RBI

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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

The primary objective of Unit Trust of India is:

A. to assist the industries in financial difficulties

B. to diffuse the benefit of development among the masses

C. to accumulate funds for public investment expenditure

D. to promote the investment habit among those who have not been able to diversify investment risk

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4

Which of the following is not an affiliate of the Reserve Bank of India?

A. Unit Trust of India

B. The Industrial Development Bank of India

C. Agricultural Refinance Corporation

D. Deposit Insurance Corporation

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4

Which among the following is the oldest Development Financial Institution of India?

A. UTI

B. IDBI

C. ICICI

D. IFCI

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4

Which of the following best defines the term 'Letter of Credit' as used frequently in bank transactions? [SBI PO 1991]

A. An order from a bank to another bank abroad authorising the payment of a particular amount to a person named in the letter

B. An unconditional undertaking given by a bank ensuring the payment of a particular amount to the drawee at a given date

C. Letter by a bank to a person stating the terms and conditions of the loan sanctioned to him by the bank

D. Statement showing outstanding- deposits and credits of a bank for a particular period

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4

The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called: [IAS 1998]

A. SBRC (Statutory Bank Ratio)

B. SLR (Statutory Liquid Ratio)

C. CBR (Central Bank Reserve)

D. CLR (Central Liquid Reserve)

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4

In the world of commodity exchanges-the' concept of A standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price is known as [UBI PO 2010]

A. Future contract

B. Forward contract

C. Market contract

D. None of these

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4

Who is responsible for the collection and publication of monetary and financial information?

A. Finance Commission

B. Finance Ministry

C. Reserve Bank of India

D. Auditor and Comptroller General of India

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4

For regulation of the Insurance Trade in the country the Government has formed: [UP PCS 2002]

A. SEBI

B. Reserve Bank of India

C. Insurance Regulatory and Development Authority

D. General Insurance Corporation

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4

Which one of the following statements is not correct? [CDS 2009]

A. The National Association of Securities Dealers Automated Quotations known as NASDAQ, is an American stock exchange

B. Nikkei is the stock market index for the Tokyo Stock Exchange

C. S and P CNX Nifty is the index for 50 large companies on the Bombay Stock Exchange

D. Hang Seng Indexes record daily changes of the largest companies of the Hong Kong stock market

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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

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

The main difference between shares and debentures is :

A. debentures can only be issued after shares

B. shareholders receive dividend on shares whereas debenture holders receive interest on debentures

C. debentures can be partly converted into shares whereas shares cannot be converted into debentures

D. shareholders are the owners of the company whereas debenture holders are the creditors of the company

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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

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

Which amidst the following rural banks has been named after a river? [NDA 2002]

A. Prathama Bank

B. Varada Grameen Bank

C. Thar Anchalik Grameen Bank

D. Aravali Kshetriya Grameen Bank