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Saturday, 23 March 2013
MARKETING APTITUDE
Friday, 22 March 2013
Financial inclusion plan main criteria for getting new bank licences: RBI
March 8th, 2013
The Reserve Bank of India (RBI) has said in its new banking
license guidelines that the important criteria for processing the
application would be the business model of the applicants and it should
provide for financial inclusion.As per these guidelines, new banks are
required to establish at least 25% of their branches in places with less
than 10,000 population.As per the new norms, private corporates and
public sector entities must have 10 years experience to be eligible to
apply for new licence. The initial paid-up capital for new banks has
been set at Rs 500 crore.Current Affairs 2013
Current Affairs 2013
U.K. company ‘Lagan Construction’ bags Maldives airport project
March 21st, 2013
Maldives has chosen U.K.-based Lagan Construction to develop the Addu International Airport.Maldives had last year cancelled a $511-million contract awarded to Indian infrastructure major GMR for upgrading and development of the Male International Airport.
The termination had led to a row with GMR taking the issue to an arbitration Court in Singapore. Currently, Maldives and GMR are in the process of working out a compensation package.
Infosys to assist India Post to build Rural Systems Integration (RSI) program
March 21st, 2013
Infosys has partnered with India Post to implement and manage a
platform that will transform the latter’s rural operations. Infosys will
facilitate India Post’s Rural Systems Integration (RSI) program.
This initiative is likely to penetrate the reach of postal services to the country’s rural population, streamlining the distribution of social benefits.
As a partner to the RSI programme, Infosys will develop a service delivery platform using its solutions such as mConnect, TruSync and Finacle. This will allow more than 130,000 rural post offices to offer online services. Besides, it will also connect and manage more than 130,000 handheld devices used by rural postal workers for distribution of social benefits under the National Rural Employment Guarantee Act and process electronic money orders.
Infosys is also assisting India Post to transform its financial services operations and end-user experience under the Financial Services System Integration program
This initiative is likely to penetrate the reach of postal services to the country’s rural population, streamlining the distribution of social benefits.
As a partner to the RSI programme, Infosys will develop a service delivery platform using its solutions such as mConnect, TruSync and Finacle. This will allow more than 130,000 rural post offices to offer online services. Besides, it will also connect and manage more than 130,000 handheld devices used by rural postal workers for distribution of social benefits under the National Rural Employment Guarantee Act and process electronic money orders.
Infosys is also assisting India Post to transform its financial services operations and end-user experience under the Financial Services System Integration program
Thursday, 21 March 2013
Tuesday, 19 March 2013
CURRENT AFFAIRS
REC Signed 250 Million US Dollars Bilateral Term-Loan Agreement with SBI
Rural Electrification Corporation Limited (REC) on 11 March 2013 signed a
bilateral term-loan agreement worth 250 million US Dollars or 1350
crore Rupees approximately, with the State Bank of India at Hong Kong.
G.K
Presidential Elections in India 2012 : Scrutinized Nominations
PRESIDENTIAL ELECTION, 2012Statement showing Valid Nomination Papers after Scrutiny held on Monday, the 2nd of July, 2012 and Tuesday, the 3rd of July, 2012
Monday, 18 March 2013
IMPORTANT ECONOMIC TERMS
IMPORTANT ECONOMIC
TERMS
Accepting house
: It is an institution specializing
in accepting or guaranteeing bills of exchange.
Account : It is a record for financial transaction in the form of stock or flows. It
is also an arrangement between a seller and a buyer under which a period of
credit is allowed before payment
Administered prices:
They are prices set by the
management decision rather than the negotiation between buyer and seller. The term
administered price. Is often used to refer to price fixing by a monopoly firm.
A cartel or government bodies some economist have argued that inflexible
administered price have been an important contribution cause of inflation.
Allotment-letter: it is a letter addressed to a subscribed to an issue of share
informing him of the number of shares that he has been allotted and- where
payment was not made with the application-the amount due.
Amortization : It
is the provision for the repayment of debit by means of accumulating a sinking
fund through regular payment which with accumulated interest , may be used to settle
the debit in installments over time or in a lump sum. The term is also used an
a synonym for depreciation.
CURRENT AFFAIR 2013
China became the World's Fifth-Largest Arms Exporter
A Swedish think tank, Stockholm International Peace Research Institute
in the Month of March 2013 mentioned China as the world's fifth largest
arms exporter.
The reason of China Being top most arms exporter is evident from the fact that the volume of Chinese weapons exports rose by 162 percent in the five years 2008-2012, compared to the previous five-year period.
The reason of China Being top most arms exporter is evident from the fact that the volume of Chinese weapons exports rose by 162 percent in the five years 2008-2012, compared to the previous five-year period.
Earlier the country was eighth in ranking and it climbed to fifth with an increase in international arms exports from 2 percent to 5 percent.
The report also revealed that the largest buyer of Chinese weapons was Pakistan, which accounted for 55 percent of the country's exports, followed by Myanmar with 8 percent and Bangladesh with 7 percent.
A number of recent deals indicate that China is establishing itself as a significant arms supplier to a growing number of important recipient states. Such deals include the sale of three frigates to Algeria, eight transport aircraft to Venezuela and 54 tanks to Morocco.
The US with 30 percent of global export volume remains the world's top arms exporter during the 2008-2012 periods. Russia stands in Second Position with 26 percent export while at third and fourth is Germany and France with 7 and 6 percent export volume.
Another major evident as per the report is that Asia dominated the global imports of weapons, with the top five importers all located in that region.
The top 5 arms importers in 2008-2012 (share of international imports)
1. India -12 percent
2. China - 6 percent
3. Pakistan - 5 percent
4. South Korea -5 percent
5. Singapore -4 percent
NASA’s Swift Satellite Discovered one of the Youngest-known Supernova Remnants
NASA's Swift satellite in the Month of March 2013 discovered one of the youngest-known supernova remnants which is believed to be less than 2500 years old - in our Milky Way galaxy.Sunday, 17 March 2013
General Knowledge 2013
9-11: Noam Chomsky
Naari: Humavun Azad
Nai Duniya Ko Salam & Path or Ki Dewar: .Ali Sardar Jafri
Naivedyam (The Offering) : N. Balamai Amma
Naked Came the Stranger: Penelope Ashe
Naku Thanthi: D R. Bendre
Nana: Emile Zola
Natya Shastra: Bharat Muni
Neela Chand: Shiv Prasad Singh
Nehru and the Language Politics of India: Robert D. King
Nehru Family and Sikhs: Harbans Singh
Nehru–A Political Life: Prof. Judith Brown
Neither Here Nor There ~ Bill Bryson
Nelson Mandela–A Biography: Martin Meredith
Netaji Subhash–Ideology & Doctrine: Amlendu Guha
Netaji–Dead or Alive: Samar Guha
Never At Home: Dom Moraes
New Dimensions of India's Foreign Policy: Atal Bihari Vajpayee
Nice Guys Finish Second: B.K Nehru
Nicholas Nickelby : Charles Dickens
Nile Basin: Sir Richard Burton
Nine Days' Wonder: John Mansfield
Nineteen Eighty-Four (1984) : George Orwell
1999–Victory Without War: Richard Nixon
Nirbashita Narir Kabita : Taslima Nasreen
NirmaJa : Prem Chand
Nisheeth : Uma Shankar Joshi
Naari: Humavun Azad
Nai Duniya Ko Salam & Path or Ki Dewar: .Ali Sardar Jafri
Naivedyam (The Offering) : N. Balamai Amma
Naked Came the Stranger: Penelope Ashe
Naku Thanthi: D R. Bendre
Nana: Emile Zola
Natya Shastra: Bharat Muni
Neela Chand: Shiv Prasad Singh
Nehru and the Language Politics of India: Robert D. King
Nehru Family and Sikhs: Harbans Singh
Nehru–A Political Life: Prof. Judith Brown
Neither Here Nor There ~ Bill Bryson
Nelson Mandela–A Biography: Martin Meredith
Netaji Subhash–Ideology & Doctrine: Amlendu Guha
Netaji–Dead or Alive: Samar Guha
Never At Home: Dom Moraes
New Dimensions of India's Foreign Policy: Atal Bihari Vajpayee
Nice Guys Finish Second: B.K Nehru
Nicholas Nickelby : Charles Dickens
Nile Basin: Sir Richard Burton
Nine Days' Wonder: John Mansfield
Nineteen Eighty-Four (1984) : George Orwell
1999–Victory Without War: Richard Nixon
Nirbashita Narir Kabita : Taslima Nasreen
NirmaJa : Prem Chand
Nisheeth : Uma Shankar Joshi
Government Jobs
UCIL - Management Trainee - B.E./M.E, B.Tech/M.Tech, Diploma/ITI, B.Sc/M.Sc, CA/ICWA, M.Phil/Ph.D, Graduate
SAIL - Management Trainee - B.E./M.E, B.Tech/M.Tech, MBA/ PGDBM, CA/ICWA, BCA/MCA
Kendriya Vidyalaya - Teacher - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc, Diploma/ITI, B.Ed/M.Ed, MBBS, BCA/MCA, MBA/ PGDBM, M.A/M.Com
NBCC Ltd - Jr. Engineer - B.E./M.E, B.Tech/M.Tech, Diploma/ITI, Any Graduate
BARC - OCES/ DGFS - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc
ONGC - Asst. Technician / Jr. Assistant/ Technical Asst - B.E./M.E, B.Tech/M.Tech, Diploma/ITI, B.A/B.Com, M.A/M.Com, B.Sc/M.Sc, Post Graduate
Kerala Minerals and Metals Ltd - Executive Trainee - B.E./M.E, B.Tech/M.Tech, CA/ICWA
Instrumentation LTD - Engineer - B.E./M.E, B.Tech/M.Tech
UPSC - Administrative Officer/ Investigator/ Assistant Town and Country Planner - M.A/M.Com, B.Sc/M.Sc, Diploma/ITI, Post Graduate
Indian Coast Guard - MT Drivers/ Store Keeper/ Draughtsman Grade -III - Graduate, 10th/12th, Diploma/ITI
TERI University - Research Associate (Trainee)/ Business Development Executive - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc, MBA/ PGDBM
CCMB - Data Entry Operator - Graduate
IIT Roorkee - Project Fellow - B.E./M.E, B.Tech/M.Tech
IIT Bombay - Senior Research Engineer - B.E./M.E, B.Tech/M.Tech, M.Phil/Ph.D
IISER Mohali - Ph.D. Programme - B.E./M.E, B.Tech/M.Tech, MBBS, Master's Degree
IIT Hyderabad - Project Asst./ Sr. Project Asst./ Project Technician/ Sr. Project Technician - B.E./M.E, B.Tech/M.Tech, BCA/MCA, B.Sc/M.Sc
University of Delhi - Ph.D. Programme - MBA/ PGDBM, M.Phil/Ph.D, M.A/M.Com, B.Sc/M.Sc, Master's Degree
Chennai Mathematical Institute - Ph. D Programme - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc, BCA/MCA
University of Pune - Project Asst - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc
NIT Goa - Asst. Professor - B.Sc/M.Sc, M.A/M.Com, MBA/ PGDBM, B.E./M.E, B.Tech/M.Tech, M.Phil/Ph.D
NITIE Mumbai - Post Graduate Diploma in Industrial Engineering/ Fellow doctoral Programme - B.E./M.E, B.Tech/M.Tech, CA/ICWA, M.A/M.Com, Master's Degree
TERI University - Business Coordinator - B.E./M.E, B.Tech/M.Tech, MBA/ PGDBM
National Aerospace Laboratories - Technician - 10th/12th, Diploma/ITI
IIT Kharagpur - Assistant Librarian/ Assistant Registrar / Engineer / Executive Engineer - Master's Degree, B.E./M.E, B.Tech/M.Tech, BCA/MCA, B.Sc/M.Sc, M.A/M.Com, Bachelor Degree
CIMFR - Project Fellow - B.E./M.E, B.Tech/M.Tech, B.Sc/M.Sc
Tamil Nadu PSC - Assistant Statistical Investigator - Graduate
CBSE - Stenographer - Post Graduate, Bachelor Degree
Indian Ordnance Factories - Trade Apprenticeship Training - Diploma/ITI
Kendriya Vidyalaya Darjipura - TGT/ PRT/ Computer Instructor/ Nurse - B.E./M.E, B.Tech/M.Tech, BCA/MCA, B.Sc/M.Sc, Diploma/ITI, B.Ed/M.Ed
Mizoram PSC - Combined Competitive Examinations - Graduate
Bank Clerical Examination | Computer and Marketing Aptitude
Bank Clerical Examination | Computer and Marketing Aptitude
- 1. FDI stands for _
(a) Foreign Direct Investment
(b) Foreign Diverse Investment
(c) Frequent Direct Interest
(d) Follow-up Discreet Intent
2. The following is not a function of the DGFT
(a) DGFT entrusted with the responsibility of implementing various policies regarding trade for example, Foreign Trade Policy.
(b) DGFT is the licensing authority for exporters, importers, and export and import business.
(c) DGFT can prohibit, restrict and regulate exports and imports
(d) DGFT acts as market regulator controlling foreign company stocks
3. What is Rupee depreciation?
(a) Rupee depreciation means that rupee has become less valuable with respect to dolllar
(b) Rupee depreciation means dollar has become less valuable than rupee
(c) Rupee depreciation means a situation when value of rupee is same as euro
(d) Rupee depreciation happens when the combined value of dollar and euro is more than rupee
4. Directorate General of Foreign Trade (DGFT) notified that the Commerce Ministry on on 11 January 2012 lowered the minimum export price of onions by $100 a tonne to $150 a tonne.What was the purpose
(a) To enhance import
(b) To boost export
(c) To lower prices in the domestic market
(d) To facilitate crop clearance
5. Indirect tax does not include _
(a) Customs
(b) Central Excise
(c) Sales Tax
(d) Service Tax
6. Telecom Commission, the decision-making body of the Department of Telecommunications recommended a uniform licence fee of what per cent of adjusted gross revenues (AGR) as against the prevalent rate of 6-8 per cent?
(a) 10%
(b) 8%
(c) 5.2%
(d) 9.3%
7. What is the current repo rate (as on January 2012) fixed by the RBI?
(a) 8%
(b) 8.5%
(c) 7.5%
(d) 7%
8. CRISIL is a _
(a) Credit rating agency
(b) Employment exchange watchdog
(c) Infrastructure sector guide
(d) Market regulator
9. A committee on mutual funds, constituted by SEBI in december 2011 recommended to the regulator’s board to break down the bifurcation within the fee structure known as expense ratio. Which of the following facts are not true with regard to the above statement?
A. Currently mutual funds are allowed to charge up to 2.25% as expense ratio. fund houses are allowed to accept only 1.25% as asset management charges
B. Funds with large corpuses currently charge 1.55% as expenses charges
C. SEBI was suggested to keep overall scheme expenses unchanged at 2.25% for schemes with assets under management not exceeding Rs 400 crore
D. Expense ratio is more than important in debt schemes where the rate of return is not hig.
(a) 1 & 2
(b) 3 & 4
(c) 1 & 3
(d) Only 2
(e) None of the above
10. The Centre for Development of Telematics (C-DoT) on 5 December 2011 transferred indigenously-developed Gigabit Passive Optical Network (GPON) technology to seven telecom equipment manufacturers. Which of the following facts about the technology is not true?
A. The GPON technology is a pivotal component required for broadband connectivity over optical fibre.
B. C-DOT indigenously designed and developed GPON technology, which can be used to provide triple play (voice, video and data) through fibre-based networks
C. The GPON technology was tested, validated, field-evaluated and made operational in MTNL's/VSNL’s network in Ajmer (Rajasthan)
D. The technology will help fulfil requirements of major national programmes like the National Optical Fibre Network and the State Wide Area Network
(a) Only 2
(b) Only 3
(c) Only 4
(d) 1 & 2
11. By Public Sector we mean
(a) Government ownership on commerce and trade
(b) Capitalist ownership on commerce and trade
(c) Private ownership on trade
(d) None of these
12. IN which list does Economic Planning belong to
(a) Union list
(b) State list
(c) Concurrent list
(d) Not any specified list
13. _ forms a part of the Interest Rate Policy
(a) Fiscal Policy
(b) Industrial Policy
(c) Monetary Policy
(d) None of these
14. The share of road transport in total transport of the country is–
(a) 20%
(b) 40%
(c) 60%
(d) 80%
15. Which percentage of Central Taxes have been recommended by the 12th Finance Commission to be transferred to States ?
(a) 28.5%
(b) 29.5%
(c) 30.5%
(d) 31.5%
16. 'Customisation' means __
(a) Tailor-made products for each customer
(b) Customers selling goods
(c) Tailor-made products for each staff
(d) A selling process
(e) None of these
17. A Marketing Survey is required for __
(a) deciding marketing strategies
(b) deciding Product strategies
(c) deciding pricing strategies
(d) All of these
(e) None of these
18. Cross-selling means __
(a) Selling with a cross face
(b) Cross country marketing
(c) Selling other products to existing customers
(d) Selling to friends
19. Credit cards are used for -
(a) Cash withdrawals
(b) Purchase of air tickets
(c) Purchase of consumable items from retail outlets
(d) All of these
(e) None of these
Saturday, 16 March 2013
TCP PIPS RELIANCE TO BECOME LARGEST COMPANY BY M-CAP
India's biggest software service firm tata consultancy services has pipped reliance industries to become the largest company by market capitalization on the last day of trading in 2011. Market capitalization in the total worth of company in the term of the share is its equal to the share price multiplied by the total no of the shares. Reliance industries lost its position as the country most valued company to tata group of firm TCS as the shares of billionaires Mukesh Ambani-led corporate gaint fell sharply in a weak market.
PRIME MINISTER ADDRESSES THE UN GENERAL ASSEMBLY
Prime Minister Dr. Manmohan Singh addressed the 66th session of the UN General Assembly in Newyork USA on september 24, 2011 . Dr. Singh expressed concern over the deepening world economic crisis which poses serious threat to the global financial system.
India's biggest software service firm tata consultancy services has pipped reliance industries to become the largest company by market capitalization on the last day of trading in 2011. Market capitalization in the total worth of company in the term of the share is its equal to the share price multiplied by the total no of the shares. Reliance industries lost its position as the country most valued company to tata group of firm TCS as the shares of billionaires Mukesh Ambani-led corporate gaint fell sharply in a weak market.
PRIME MINISTER ADDRESSES THE UN GENERAL ASSEMBLY
Prime Minister Dr. Manmohan Singh addressed the 66th session of the UN General Assembly in Newyork USA on september 24, 2011 . Dr. Singh expressed concern over the deepening world economic crisis which poses serious threat to the global financial system.
Thursday, 14 March 2013
120.The Reserve Bank of India (RBI)
was nationalized on
(1) 1 January, 1949 (2) 1 July, 1955
(3) 19 July, 1969 (4) 15 April, 1980
(5) None of the above
121.Which of the following acts govern the RBI functions?
(1) RBI Act,1934 (2)
Banking Regulation Act, 1949
(3) Companies Act, 1956
(4) Foreign Exchange Regulation Act, 1973
(5) Foreign Exchange Management Act,
122. The RBI is not expected to perform the function of
(1) the banker to the government
(2) accepting deposit from Commercial
Banks
(3) accepting deposits from general public
(4) issuer of currency
(5) None of the above
123. Headquarters of Reserve Bank of India is in
(1) New Delhi (2) Mumbai (3)
Kolkata
(4) Chennai (5) Hyderabad
124. The first Governor of the Reserve Bank of India
from 1
April1935 to 30 June, 1937 was
(1) Sir Osborne Smth (2) Sir James
Taylor
(3) C.D. Deshmukh
(4) Sir Benegal Rama Rao (5) KG. Ambegaonkar
125.22nd and Current Governor of Reserve Bank of
India is
(1) Manmohan Singh (2) C. Rangarajan
(3) Bimal Jalan (4) Y.V. Reddy
(5) D. Subbarao
126.Which of the following rates is not decided by RBI?
(1) Bank Rate (2) Repo Rate (3) Reverse
Repo Rate
(4) Prime Lending Rate (5) Cash Reserve
Ratio
127 .The Reserve Bank of India was set up on the recommendations of the
(1) Narasimham Committee
(2) Hilton-Young Commission
(3) Mahalanobis Committee
(4) Fazal Ali Commission (5) None of the
above
128. Which of the following formulates. implements
and
monitors the monetary policy?
(1) Ministry of Finance (2) RBI
(3) SBI (4) ICICI Bank (5) None of the
above
129.Which of the following is th central banking institution India?
(1) State Bank of India (2) Ministry of
Finance
(3) Reserve Bank of India
(4) Finance Commission of India
(5) None of the above
130. The Reserve Bank of India had divested its stake
in State Bank of
India to
(1) IDBI Bank (2) LIC (3) ICICI Bank
(4) Government of India (5) None of the above
131. At Present the RBI holds one per cent of shareholding in?
(1) State Bank of India
(2) National Housing Bank
(3) State Bank of Hyderabad
(4) National Bank for Agriculture and Rural
Development (NABARD)
(5) None of the above
132. The number of regional offices of RBI is
(1) 20 (2) 21 (3) 22 (4) 23
(5) None of these
133. In India, the RBI prescribes the minimum SLR level for Scheduled
Commercial Banks in India in specified assets as a percentage of Bank’s
(1) Net Demand and Time Liabilities
(2) Demand Liabilities (3) Time Liability
(4) None of the above (5) All of the above
134 . CRR refers to the share of that banks Rural have
to maintain with
RBI of their net demand and time liabilities.
1) Liquid cash (2) forex reserves
(3) gold (4) liquid cash (5) None
of the above
135.The RBI has adopted _____ Model in which mobile banking and is
promoted through business correspondents of banks.
1) Bank Led (2) Band Mobile (3)
Mobile
(4) All of these S) None of these
136. Services offered to government departments include all the above except
(1) payments of salaries and pensions
(2) distributing RBI bonds to government
departments
(3) direct and indirect tax collections
(4) remittance facilities (5) None of the
above
137. Which of the following is/are known as Banker’s Bank?
(1) SBI (2) NABARD (3) RBI
(4) All of these (5) None of these
138. Which of the following is the central bank of the country?
(1) RBI (2) SBI (3) RRB
(4) NABARD (5) None of these
139 . RBI was established on
(1) April 1, 1935 (2) March 1, 1935
(3) April 1, 1934 (4) March 1, 1934
(5) None of these
140. Which of the following is/are functions of the RBI?
(I) Acts as the currency authority
(ii) Controls money supply and credit
(iii) Manages foreign exchange
(iv) Serves as a banker to the government
(1) (i) and (Ill) (2) (ii) and (iii)
(3) (i), (ii) and (iii) (4) (i), (ii), (iii) and (iv)
(5) None of these
141. Central Bank
(1) creates (2) controls (3) restricts
(4) all of these (5) None of these
142 credit investment.
(1) Dear (2) Cheap (3) Restricted
(4) Green (5) None of these
143. Quantitative instrument of RBI can be
(1) bank rate policy (2) cash reserve ratio
(3) statutory liquidity ratio (4) All of
the above
(5) None of the above
144. Objective of monetary policy of RBI is to
(1) control inflation
(2) discourage loarding of commodities
(3) encourage flow of credit into neglected
sector
(4) All of the above (5) None of the
above
145. When RBI is lender of last resort, what does it mean?
(1) RBI advances necessary credit against
eligible
securities
(2) Commercial Banks give fund to the RBI
(3) RBI advances money to public whenever
there is any
emergency
(4) All of the above (5) None of the above
146. When RBI acts as a banker to the government, what does it do?
(1) RBl keeps bank accounts of the government
(2) RBI carries out government transactions
(3) RBI advises the government on all
financial and
monetary matters
(4) All of the above (5) None of the above
147. The merit of issuing notes with RBI can be seen is
(1) uniformity (2) stability in currency
(3) control of credit (4) All of the above
(5) None of the above
148. Which of the following is not an objective of financial sector reform in India?
(1) Creating an efficient, productive and
profitable financial sector industry
(2) Preparing the financial system for
increasing international competition
(3) Opening the external sector in a
calibrated fashion
(4) Reducing the fiscal deficit
(5) Promote the maintenance of financial
stability even in the face of domestic and
external environment
external environment
149. The Narsimham Committee-I was set up in
(1) 1990 (2) 1991 (3) 1992
(4) 1998 (5) 2000
150. The Narsimham Committee-I was set up to suggest some recommendations for
improvement in the
(1) efficiency and productivity of the
financial institution
(2) banking reform process (3) export of
IT sector
(4) fiscal reform process (5) None of the
above
151. The Narsimham Committee-Il was set up to suggest some recommendations for
improvement in the
(1) efficiency and productivity of the
financial institution
(2) banking reform process (3) export of IT
sector
(4) fiscal reform process (5) None of the
above
152. The Narsimham Committee, 1991 has given which
of the
following major recommendations
(i) Reduction in the SLR and CRR.
(ii) Phasing out Directed Credit Programme.
(iii) The determination of the interest rate
should be on the grounds of market forces
such as the demand for and the supply of fund.
such as the demand for and the supply of fund.
(iv) The actual numbers of public sector banks
need to be reduced.
(v) ‘Narrow Banking Concept’ where weak banks
will be allowed to place their funds
only in short-term and risk free assets.
only in short-term and risk free assets.
Select the correct answer using the following
codes
(1) i,ii and v (2) i, iii, iv and v (3)
i,ii,iii and v
(4) ii, iii, iv and v (5) i, ii, iii and iv
153. Which of the following is not correct about the recommendations of
Narsimham Committee Report, 1998?
(1) Reduced CRR and SLR
(2) Deregulation of Interest Rate
(3) Establishment of the ARE Tribunal
(4) Fixing Prudential Norms (5) Capital
Adequacy Norms
154. Basel I, which was issued in 1988, focuses on the
(1) capital adequacy of financial institutions
(2) improvement of the banking sectors ability
to deal with financial and economic stress
(3) technology up gradation
(4) training of banking staff
(5) professionalism in banking
155. In 1991, SLR was as high as
(1) 25% (2) 30% (3) 38.5%
(4) 39.5% (5) 40%
156. Narsimham Committee recommended to reduce
SLR and
CRR to
(1) 25% and 3.5% respectively
(2) 24% and 3.5% respectively
(3) 25% and 3% respectively
(4) 20% and 5% respectively
(5) 25% and 5% respectively
157. Which of the following is not a recommendation of the Narsimham Committee, 1991?
(1) Reduction of CRR and SLR
(2) Phasing out directed credit
programme
(3) Reduction of Capital Adequacy Ratio
(4) Establishment of ARE Fund
(5) Autonomy to Public Sector Bank
158. Which of the following guidelines were issued by Reserve Bank of India in
January 1993 for the entry of Private Sector Banks in the wake of Narasimham
Committee recommendation
(1) The new bank, upon being granted license
under the Banking Regulation Act by RBI,
Shall be registered as a public limited company under the Companies Act, 1956
Shall be registered as a public limited company under the Companies Act, 1956
(2) Its inclusion in the Second Schedule to
the Reserve Bank of India Act, 1934 shall be
sunject to Reserve Bank’s decision
sunject to Reserve Bank’s decision
(3) Preference would be given to those banks
the headquarters of which are proposed to be located in the centre which does not have the
headquarters of any other bank
(4) (1) and (3) (5) All of these
159. The RBI has prescribed that a new Private Sector Bank
(1) shall be subject to prudential norms in
regard to income recognition,
asset classification and provisioning, capital adequacy, etc.
(2) shall have to observe priority sector
lending targets as applicable to
other domestic banks
(3) will be required to open rural and
semi-urban branches also as may
be laid down by RBI
(4) None of the above (5) All of above
160. A new Private Sector Bank
(1) would be governed by existing branch
licensing policy where by banks
could open branches including at urban/
metro centres without prior approval of RBI once capital adequacy and prudential accounting norms
were satisfied
(2) will be governed by the provisions of the
RBI Act, 1934 the Banking
Regulation Act, 1949 and other relevant
statutes
(3) would be subject to the directives,
guidelines and advices given by
the Reserve Bank of India
(4) None of the above (5) All of the above
161. To create a strong and competitive banking system, reform measures were initiated in early 1990s. The thrust of these reforms was on
(1) increasing operation efficiency
(2) strengthening supervision over banks
(3) developing technological and
institutional infrastructure
(4) All of the above (5) None of the above
162. What does EBT stands for?
(1) Electronic Belated Transfer
(2) Electric Beginners Transaction
(3) Electronic Benefit Transfer
(4) Electronic Beginning Transaction
(5) None of the above
163. On the recommendations of which of the following committee Regional Rural Banks were established?
(1) Tarpore Committee
(2) Narasimham Committee
(3) Karmakar Committee
(4) Kelker Committee
(5) Jha Committee
164. RRBs were set up on
(1) 1975 (2) 1985 (2) 1991
(4) 2001 (5) 1965
165. The total authorized capital of RRBs was originally fixed at 1 crore which has since been raised to
(1) Rs. 2crore (2) Rs. 3 crore (3) Rs. 5 crore
(4) Rs. 7 crore (5) Rs. 10 crore
166. At present, the formula for subscription to RRBs
capital
has been fixed at
(1) Central Government 50%, State Government
35% and Sponsor Bank
15%
(2) Central Government 60%, State Government
20% and Sponsor Bank 20%
(3) Central Government 30%, State Government
30% and Sponsor Bank
40%
(4) Central Government 35%, State Government
35% and
Sponsor Bank: 30%
(5) Central Government 50%, State Government
25% and Sponsor Bank: 25%
167. Central Government’s contribution towards the
capital
of RRBs is made through
(1) NABARD (2) RBI (3) SBI
(4) Central Cooperative Bank (5) State
Cooperative Bank
168. The Sponsor Bank helps and aids the RRB sponsored by it by
(i) Subscribing to its share capital.
(ii) Training its personnel.
(iii) Providing managerial and financial
assistance during the
first five years or extended period.
Select the correct answer by using the
following codes
(1 ) i and ii (2) ii and
iii (3) i and ii
(4) i, ii, and iii (5) None of these
169. The Sponsor Banks are empowered
(1) to monitor the progress of RRBs
(2) to conduct inspection and internal
audit
(3) to suggest corrective measures
(4) All of the above (5) None of the above
170. Each of the RRBs covers districts ranging from
(1) 1 to 15 (2) 2 to25 (3) 3 to
25
(4) 2 to 15 (5) 1 to 5
171. The main resources of RRBs are
(1) share capital
(2) deposits from the public
(3) borrowing from Sponsor Banks
(4) refinance from NABARD (5) All of the above
172. RRBS are refinanced at
(1) 2% below the bank rate (2) 1% below
the bank rate (3) 2% below the repo rate
(4) 1% below the repo rate
(5) repo rate
173. RRBs are owned by
(1) Central Government
(2) State Government
(3) Sponsor Bank
(4) jointly by all of the above
(5) None of the above
174. The main resources of RRBs are
(i) share capital.
(ii) deposits from the public.
(iii) borrowing from Sponsor Banks.
(iv) refinance from NABARD.
Select
the correct answer
(1) i and ii (2) i, ii and iii (3) iii and iv
(4) ii, iii and iv (5) i, ii, iii and iv
175. The number of directors on the boards of RRBs has been raised to
(1) 14 (2) 15 (3) 16
(4) 17 (5) 18
176. The issued/paid-up capital of a Regional Rural Bank should be
(1) Rs. 60 lac
(2) minimum Rs. 25 lac and maximum Rs. 100 lac
(3) Rs. 80 lac (4) Rs. 90 lac (5) None of the
above
177. Under which category will Ofl classify Regional
Rural
Banks?
(1) Scheduled Commercial Banks
(2) Co-operative banks
(3) Private sector banks
(4) Development banks
(5) None of the above
178. Paid-up share capital of Region Rural Bank is contributed by
(1) Central Government only
(2) State Government only
(3) Central Government, State Government
and the sponsor commercial
bank in the ratio of 50: 15: 35 respectively
(4) NABARD, the concerned Government and the
sponsor commercial
bank in the ratio of 60:20 :20 respectively
(5) All of the above
179. Regional Rural Banks are empowered to transact
the business of
banking as defined under
(1) Banking Regulation Act, 1949
(2) Negotiable Instruments Act, 1881
(3) Regional Rural Banks Act, 1976
(4) The Banking Companies (Acquisition and
Transfer of Undertakings)
Act, 1970
(5) None of the above
180. RRBs are permitted to undertake corporate agency business, without risk participation, for distribution of all types of insurance products, including health and animal insurance subject to the condition that
(1) The bank should comply with the Insurance
Regulatory and
Development Authority (IRDA) regulations for acting as ‘composite corporate agent’
(2) The bank should not adopt any restrictive
practice of forcing
its customers to go in only for a particular insurance company in
respect of assets financed by
the bank
(3) The risks, if any, involved in insurance
agency should not
get transferred to the business of the bank
(4) Only (2) and (3) (5) All of the
above
181. Regional Rural Banks are managed by
(1) Reserve Bank of India
(2) a board of directors
(3) the sponsor bank
(4) the State Government
(5) All of the above
182. Deposits with Regional Rural Banks are insured by
(1) Life Insurance Corporation of India
(2) General Insurance Corporation
(3) Deposit Insurance and Credit Guarantee
Corporation
(4) None of the above (5) All of the above
183. For opening a new branch, a Regional Rural Bank requires
(1) permission of NABARD
(2) permission of Director, Institutional
Finance
(3) RBI license (4) All of the above
(5) approval of DRDA
184. Regional Rural Banks are classified as
(1) scheduled commercial banks
(2) subsidiaries of the sponsor banks
(3) subsidiaries of NABARD (4) All of the
above
(5) None of the above
185. For the purpose of Income Tax Act, 1961, the regional rural banks are treated as
(1) scheduled commercial banks
(2) non-scheduled banks (3) nationalised
banks
(4) co-operative banks (5) None of the
above
186. On the current account balances maintained by the Regional Rural Banks with them, the commercial banks may
(1) pay interest up to 9 per cent
(2) waive incidental charges
(3) pay interest as applicable to savings
accounts
(4) pay interest at such rates as may be
mutually agreed to
(5) All of the above
187. All regional rural banks (RRBs) are required to
maintain their
entire statutory liquidity ratio (SLR) in
(1) government and other approved securities
(2) current accounts with sponsor banks
(3) time deposits with sponsor banks
(4) gold holdings only (5) All of the above
188. Which of the following statements about Regional Rural Banks are correct?
(1) Sponsor banks’ travellers cheques can be
issued by RRBs
(2) RRBs can enter into arrangements with the
sponsor banks for
providing remittance facilities to its customers
(3) Where RRBs can afford the investment, they
can install lockers
also
(4) Only (1) and (2) (5) All of the above
189.Reserve Bank has permitted RRBs for opening/
maintaining Non-Residents (Ordinary /External)
accounts
in rupees and for acceptance of FCNR (B)
deposits
subject to the condition that
(1) The bank should have a positive net-worth
and earned net profit
during the preceding year
(2) The bank should not have defaulted in
maintenance of CRR/SLR
requirements on more than three occasions during the preceding two years
(3) Net NPA level of the bank should not
exceed five per cent of
the outstanding advances as on March 31 of the preceding year
(4) Only (2) and (3) (5) All of the above
190. The Regulatory Authority Regional Rural Banks is
(1) Sponsor bank (2) Central Government
(3) State Government (4) RB land NABARD
(5) All of the above
191. Which of the following are the recommendations of the Internal Group (Chairman : Shri A V Sardesai) set up by RBI in regard to strengthening and viability of RRBs?
(1) merger/amalgamation of RRBs to improve
operational viability
(2) change of sponsor banks to enhance
competitiveness.
(3) governance and management and scope for
improving profitability
(4) None of the above (5) All of the above
192. Which of the-following measure have been taken to enlarge resources available to RRI3s?
(1) Lines of credit at a reasonable rate of
interest from sponsor
banks
(2) Access to inter-RRB term money/ borrowings
(3) Access to repo / CBLO markets
(4) All of the above (5) None of the
above
193. With a view to increase their resource base, RRBs
have been
permitted to
(1) issue of credit/debit cards and setting-up
of ATMs
(2) open Currency Chests
(3) handle pension and other government
business as sub- agents of
those banks which are authorised to conduct government business
(4) Only (1) and (2) (5) All of the above
194. Which of the following conditions are required to be fulfilled by a Regional Rural Bank to be eligible for opening of new branches?
(1) It should not have defaulted in
maintenance of SLR and CRR
during the last two years
(2) It should be making operational profits
(3) Its net worth should show improvement and
its net NPA ratio
should not exceed 8 per cent
(4) Only (1) and (2) (5) All of the above
195. Co-operative Banks in India are registered under
(i) Banking Laws (Cooperative Societies) Act,
1965.
(ii) Banking Regulations Act, 1949.
(iii) Companies Act, 1956.
Select the
correct answer using the following codes
(1) only i (2) i and ii (3) ii and
iii
(4) i, ii and iii (5) i, and iii
196. Co-operative Development Bank was set up by
(1) NABARD (2) RB! (3) SB!
(4) Central Government (5) None of the above
197. Co-operative banks in India do not finance rural
areas
under
(1) Farming (2) Cattle (3) Milk
(4)Small scale units (5) Personal finance
198. Which of the following is not a negotiable
instrument? (2) semi-negotiable instrument?
(1) Promissory note (2) Bill of
exchange
(3) Cheque (4) Bank Draft (5) Share
certificate
199. Those instruments which can be transferred by endorsement and delivery, but the transferee does not get a better title than that of the transferor is called
(1) negotiable instruments
(2) semi-negotiable instruments
(3) non-negotiable instruments
(4) All of the above (5) None of the above
200. Transfer of any instrument to another person by signing on its back or face or on a slip of paper attached to it is known as :
(1) promissory note (2) bill of lading
(3) bill of exchange (4) endorsement
(5) None of the above
201. Which of the following is not a prerequisite for a promissory note?
(1) drawn on a specified banker
(2) It should be unconditional
(3) It should be in writing
(4) It should be made and signed by the debtor
(5) It should be payable in the currency of
the country
202. A bill of exchange in which a bank orders its branch or another bank, as the case may be, to pay a specified amount to a specified person or to the order of the specified person is called
(1) cheque (2) bank draft (3) promissory
note
(4) bill of exchange (5) None of the above
203. Which of the following is not a party of bill of exchange?
(1) The Drawer (2) The Drawee (3) The Payee
(4) The Endorser (5) None of the above
204. Which of the following is/are the right(s) of customer towards his banker?
(1) To receive a statement of his account from
a banker
(2) To sue the bank for any loss and damages
(3) To sue the banker for not maintaining the
secrecy of his account
(4) All of the above (5) None of the above
205. When an endorser waives presentment and notice of dishonour he increases his liability. His endorsement is:
(1) facultative endorsement
(2) qualified endorsement
(3) alternative endorsement
(4) restrictive endorsement
(5) None of the above
206. All of the following are examples of Quasi Negotiable Instruments, under the Negotiable Instrument Act, 1881, except
(1) Dividend Warrants (2) Share Warrants
(3) Bearer Debentures (4) Promissory Note
(5) None of the above
207. Section 131 of Negotiable Instrument Act, 1881
extends
protection to the
(1) Paying Banker (2) Collecting Banker
(3) Advising Banker (4) Issuing Banker
(5) All of the above
208. Which of the following is not considered as
negotiable instrument
under the Negotiable
Instruments Act,
1881?
(1) Bill of exchange (2) Promissory note
(3) Share certificate
(4) Cheque payable to bearer
(5) Cheque with ‘not negotiable’ crossing
209. Which of the following is not considered as an instrument negotiable by custom or usage?
(1) Delivery orders for goods
(2) Railway receipts for goods
(3) Hundi
(4) Government promissory notes (5)
Cheques
210. Under the Negotiable Instrument Act, 1881, an instrument which is incomplete in some respects, is called a/an
(1) Foreign instrument
(2) Inland instrument
(3) Inchoate instrument
(4) Ambiguous instrument
(5) Fictitious instrument
211. Which of the following is an example of ‘restrictive crossing’?
(1) Not Negotiable (2) State Bank of
India
(3) A/c Payee
(4) Company
(5) Two transverse parallel lines simply drawn
across the face of
the cheque
212. Which of the following is not a payment in due
course?
(1) Payment made in accordance with the
apparent tenor of the
instrument
(2) A payment is made on an instrument before
the date of maturity
(3) Payment is made to a person who is in
possession of the
instrument either as a holder or a person authorised to receive payment on behalf of
holder
(4) Payment made in good faith and without
negligence
(5) Payment made to a person in possession of
an instrument payable to
bearer or one that is, endorsed in blank
213. When a bill is drawn, accepted or indorsed for consideration, it is called a/an
(1) Accommodation bill
(2) Genuine trade bill
(3) Escrow
(4) Ambiguous instrument
(5) Inchoate instrument
214. Which of the following is a prerequisites for transfer of a negotiable instrument?
(1) Crossing
(2) Acceptance
(3) Noting with a Notary (4) Blank indorsement
(5) Mere delivery or indorsement and delivery
215. Which of the following statements is correct about promissory note?
(1) It need not be in writing
(2) An implied promise is enough to constitute
a valid promissory
note
(3) The promise to pay must be definite and
unconditional
(4) The name of the pyee need not be mentioned
(5) The payment can be in kind
216. The legal relationship between a bank and its
customer
is a kind of
(i) Debtor and Creditor
(ii) Principal and Agent
(iii) Pledgor and Pledgee
(iv) Mortgagor and Mortgagee
Select the correct answer by using the
following codes
(1) i and ii (2) i, iii and iv (3) i, ii, iii
and iv
(4) i and ii (5) i, ii and iii
217. Since, acceptance of deposits and granting of loans are the two general functions of a bank, the relationship arising out of these two main activities is known as
(1) principal and agent relationship
(2) financer and finance relationship
(3) bailor and bailee relationship
(4) general relationship (5)
specific relationship
218. Which of the following is not an obligation of bank towards its customer?
(1) Pay bills as per the instructions of the
customer
(2) Act as per the directions given by the
customer
(3) Submit periodical statements, i.e.,
informing customers of
the state of the account
(4) Not to set off a debt owed to him by a
creditor from the credit
balances held in other accounts of the borrower
(5) Maintain secrecy of accounts
219. Which of the following statement is not correct regarding a minor?
(1) A minor is a person who has not attained
the age of 18
(2) Minor does not have legal capacity to
enter into a contract
(3) A current account in the name of minor can
be opened when
guardian of the minor operates this account
(4) A minor’s account should never be allowed
to
be overdrawn
(5) In the event of death of a minor, the
money will be payable to
the guardian
220. Money deposited with the bank becomes a debt due
(1) from the banker (2) from the
customer
(3) to the customer (4) Either 1 or 2
(5) None of the above
221. KYC means
(1) Know your customer very well
(2) Know your existing customer very well
(3) Know your prospective customer very well
(4) Satisfy yourselves about the customer’s
identity and activities
(5) All of the above
222. Mahesh and Suresh are friends aged 14 and 15 respectively. They want to open a joint account in your bank. You will
(1) allow them to open a joint account to be
operated jointly
(2) allow them to open a joint account with
operating
instructions either or survivor
(3) allow them to open a joint account with
operating
instructions former or survivor
(4) allow them to open a joint account with
operating
instructions any one or survivor
(5) None of the above
223. NABARD was set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of
(1) agriculture
(2) small-scale industries
(3) cottage and village industries
(4) handicrafts and other rural crafts
(5) All of the above
224. On the recommendation of which committee
NABARD
was established?
(1) The Committee to Review Arrangements for
Institutional Credit
for Agriculture and Rural Development
(2) Narshimham Committee (3) Chelliaha
Committee
(4) Kelkar Committee
(5) None of the above
225. NABARD was set up with an initial capital of ‘Rs.
100 crore, which
was enhanced to
(1) Rs. 1,000 crore (2) Rs. 2000 crore
(3) Rs. 3000 crore (4) Rs. 4000 crore
(5) Rs. 5000 crore
226. On the recommendations of which committee, the NABARD was established?
(1) Shivaraman Committee (2) Basel Norms
(3) Narasimham Committee (4) All of the
above
(5) None of the above
227. Which of the following statements is not correct
about NBFCs?
(1) An NBFC cannot accept demand deposits
(2) These institutions trade in the capital
market in a variety of
assets and liabilities
(3) An NBFC can issue cheques drawn on itself
(4) Deposit insurance facility of Deposit
Insurance and Credit
Guarantee Corporation is not available for NBFC depositors
(5) NBFIs act as brokers of loanable funds and
in this
capacity they intermediate between the ultimate saver and the ultimate investor.
228. The working and operations of NBFCs are regulated by
(1) SEBI (2) RBI
(3) Finance Ministry, Gol
(4) IRDA (5) None of the above
229. Which of the following is a kind of non-banking financial institutions?
(1) Equipment leasing company
(2) Hire purchase company (3) Loan company
(4) Investment company (5) All of the
above
230. Which of the following is not correct about the acceptance of deposits by the NBFCs?
(1) They are allowed to accept/renew public
deposits for a minimum
period of 12 months and maximum period of 60 months
(2) They cannot accept deposits repayable on
demand
(3) They should have minimum investment grade
credit rating
(4) Their deposits are not insured
(5) The repayment of deposits by
NBFCs is guaranteed by RBI
231. Any financial intermediary whose principal business is that of buying and selling of securities is called
(1) equipment leasing company
(2) hire purchase company (3) loan company
(4) investment company (5) None of the above
232. Life Insurance in its modern form came to India from England in the year
(1) 1818 (2) 1896 (3) 1905
(4) 1907 (5) 1919
233. Which of the following statements about insurance business in India is not correct?
(1) Oriental Life Insurance Company was the
first life
insurance company on Indian Soil
(2) Bombay Mutual Life Assurance Society was
the first Indian
life insurance company
(3) The Life Insurance Companies Act and the
Provident Fund Act
were passed 1949
(4) The Insurance Regulatory and Development
Authority was
established in the year 1999
(5) From March 21, 2003 GIC ceased to be a
holding company of
its subsidiaries
234. In which year had the Insurance Regulatory and Development Authority come into force?
(1) 1999 (2) 2000 (3) 2001
(4) 1991 (5) 1993
235. By taking out insurance cover an individual
(1) reduces the cost of an accident
(2) reduces the risk of an accident
(3) transfers the risk to someone else
(4) converts the possibility of large loss to
certainty of a small
one
(5) reduces the certainty of major loss
236. Which of the following is an example of NBFCs?
(1) Unit Trust of India
(2) Life Insurance Corporation
(3) General Insurance Corporation
(4) All of the above (5) None of the above
237. A company which pools money from investors and
invests in stocks, bonds, shares is called
(1) A bank
(2) An insurance company
(3) Bank assurance
(4) Mutual fund
(5) None of the above
238. Bank assurance is
(1) an insurance scheme to insure bank
deposits
(2) an insurance scheme to insure bank
advances
(3) a composite financial service offering
both bank and insurance
products
(4) a bank deposit scheme exclusively for
employees of insurance
companies
(5) None of the above
239. Which was the first mutual fund started in India?
(1) SBI Mutual Fund
(2) Indian Bank Mutual Fund
(3) Kotak Pioneer Mutual Fund
(4) Unit Trust of India (5) None of the
above
240. The regulator of mutual fund in India is
240. The regulator of mutual fund in India is
(1) FIMMDA (2) AMFI (3) RBI
(4) SEBI (5) None of these
241. FIMMDA’s general principles and procedures are applicable to
(1) Fixed income markets (2) Money markets
(3) Derivative markets (4) All of the above
(5) None of the above
242. Which is the principal institution for promotion, financing and development of small scale industries in the country?
(1) RBI (2) SBI (3) IDBI (4) SIDBI
(5) None of these
243. The UTI was established in
(1) 1956 (2) 1964 (3) 1972
(4) 1976 (5) None of these
244. Which of the following mobiise/s the savings of the public to specifically invest in the industrial securities?
(1) UTI (2) LIC (3) GIC
(4) All of these (5) None of these
245. Whcih of the following is/are ‘Term Deposits’?
(1) Fixed deposits
(2) Re-investment deposits
(3) Recurring deposits
(4) None of the above
(5) All of the above
246. Which of the following is not correct about Non- Banking Financial Companies (NBFCs)?
(1) NBFC can not accept demand deposits
(2) NBFC is not a part of the payment and
settlement system
(3) NBFC can issue cheques drawn on itself
(4) NBFCs are fast emerging segment of Indian
financial system
(5) None of these
247. The working and operations of NBFCs are regulated by
(1) SBl (2) RBI (3) Finance
Ministry
(4) All of these (5) None of these
248. Which of the following is not correct about
Development Banks in India?
(1) The Development Banks do not seek or
accept deposits from
the public
(2) They provide short term finance
(3) The Development Banks promote
economic development
by promoting investment and enterprise
(4) Development Banks are those banks engaged
in the promotion and
development of industry, agriculture,
exports and other key sectors.
(5) All of the above
249. Which of the following is the first Development
Bankof India?
(1) Industrial Finance Corporation of India
(2) State Finance Corporation
(3) Industrial Credit and Investment
Corporation of India
(4) State Industrial Development Corporations
(5) National Bank for Agriculture and Rural
Development
250. The Small Industries Development Bank of India
was established
in
(1) 1975 (2) 1980 (3) 1982
(4) 1989 (5) 1990
251. The erstwhile Industrial Reconstruction Bank of
India (IRBI) is
now known as
(1) Industrial Finance Corporation of India
(2) Industrial Credit and Investment
(3) Corporation of India Industrial
Development Bank of India
(4) State Industrial Development Corporations
(5) Industrial Investment Bank of India LTD
252. National Housing Bank was established in
(1) 1975 (2) 1980 (3) 1985
(4) 1988 (5) 1990
253. Industrial Development Bank of India was established as a subsidiary of
(1) Reserve Bank of India
(2) State Bank of India
(3) Industrial Credit and Investment
Corporation of India
(4) State Industrial Development Corporations
(5) Small Industries Development Corporation
Bank of India (SIDBI)
was established in 1989
254. Which of the following is not an objectives of SIDBI?
(1) To initiate the process of modernisation
and technical
upgradation of the present units
(2) To facilitate the marketing of the
products of the small
scale sector in India and abroad
(3) to give loans both to the private as well
as public sector undertakings
in the field of commodity production,
mining and services such as hotels and transport
(4) to provide special aid to labour intensive
industries to enable
them to provide more employment
(5) To provide refinancing factoring, leasing
services to the small
sector
255. ‘Development Banks’ are
(1) branches of Commercial Banks, whether in
private or public
sector, situated in rural areas for upliftment of weaker sections of the society
(2) financial institutions which provide long
term finance to industries
(3) land development banks which provide
developmental financing
to agriculture
(4) (2) and (3) (5) None of the above
256. SEBI was established in
(1) 1993 (2) 1992 (3) 1988
(4) 1990 (5) 1994
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