Tag: industrial sector

Questions Related to industrial sector

Which of the following is the main regulatory authority for insurance companies in India?

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

  1. RBI

  2. SEBI

  3. LIC

  4. IRDA

Show answer
Correct Option: D
Explanation:

IRDA - Insurance Regulatory and Development Authority of India

It issues the registration certificates to insurance companies and regulates them. It protects the interest of policy holders. It provides license to insurance intermediaries such as agents and brokers after specifying the required qualifications and set norms/code of conduct for them.

Which of the following types of banks/organisations are now allowed to accept Foreign Currency Deposits from NRI and Persons of Indian origin?

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

  1. Post offices

  2. Nationalised banks

  3. Regional rural banks

  4. Non-banking finance companies

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Correct Option: B

Every now and then we read in newspapers that the RBI bank revised/changed various rates like SLR, CRR, Bank Rate, etc. The purpose of revision in various Rates/Ratios is to ________.
A. Influence demand deposit creating the power of commercial banks.
B. Control Inflation in the economy.
C. Provoke commercial banks to lower their fee-based income.

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

  1. Only (B)

  2. Both (A) and (B)

  3. Only (C)

  4. Both (A) and (C)

Show answer
Correct Option: B

Very often we read in newspapers/magazines about "Sovereign Wealth Funds". Which of the following is/are the correct description of the same?
A. These are the funds or the reserves of a government or central bank of a country which are invested further to earn profitable returns.
B. These are the funds which were accumulated by some people over the years but were not put in active circulation as they retain them as Black Money for several years.
C. The funds which are created to be used as relief funds or bailout packages are known as sovereign funds.

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

  1. Both (B) and (C) only

  2. Only (B)

  3. Only (C)

  4. Only (A)

Show answer
Correct Option: D

RBI has asked banks to make a plan to provide banking services to all villages having a population up to 2000. This directive issued by the RBI will fall in which of the following categories?

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

  1. Plan for Financial Inclusion

  2. Efforts to meet the targets of Priority Sector Lending

  3. Extension of Relief Packages to the Farmers

  4. Plan for opening more rural branches

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Correct Option: A

National Housing Bank (NHB), the apex institution of housing finance in India, provides loan to
A. Housing finance companies
B. Commercial banks
C. Co-operative sector banks
Choose the correct option.

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

  1. Only (A)

  2. Only (A) and (B)

  3. All (B) and (C)

  4. Only (A) and (C)

Show answer
Correct Option: C

The Reserve Bank of India (RBI) was nationalized in the year _______.

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

  1. 1949

  2. 1969

  3. 1935

  4. 1980

Show answer
Correct Option: A
Explanation:

The Reserve Bank of India was nationalised with effect from 1st January, 1949 on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948. All shares in the capital of the Bank were deemed transferred to the Central Government on payment of a suitable compensation.

The Committee on Financial Sector Assessment (CFSA) set up by the Reserve Bank of India has also recommended several reforms in which of the following existing laws in India?

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

  1. Taxation Laws

  2. Commercial Laws

  3. Banking Regulation Laws

  4. All of these

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Correct Option: D

Which of the following Acts helps a bank in its day-to-day activities?

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

  1. Competition Act

  2. Negotiable Instruments Act

  3. Hindu Marriage Act

  4. Hindu Succession Act

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Correct Option: B

Nationalisations of banks aimed at all of the following except _____________.

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

  1. provision of adequate credit for agriculture, SME and exports

  2. removal of control by a few capitalists

  3. provision of credit to big industries only

  4. access of banking to masses

Show answer
Correct Option: C
Explanation:

Nationalisation of banks aimed at all of the provision of adequate credit, for agriculture and small industry and export only, but not big industries.