Tag: industrial sector

Questions Related to industrial sector

IDBI was initially set up as a ________.

  1. Development Financial Institution

  2. rural bank

  3. co-operative bank

  4. sahakari bank


Correct Option: A

Nationalisation of 14 major banks in India took place in ________.

  1. July 1969

  2. June 1970

  3. April 1980

  4. February 1990


Correct Option: A
Explanation:

On July 1969, fourteen major private commercial bank of India were nationalized which included Indian bank, Indian Overseas bank, Canara bank etc in order to increase the efficiency of public sector. 

Which of the following is not matched correctly?

  1. IBRD established: 1945

  2. IFC established: 1947

  3. IDA established: 1960

  4. MIGA established: 1988


Correct Option: B
Explanation:

IFC was established on July 20 1956.

SEBI approved which insurance company to launch its initial public offering(IPO) ?

  1. Aviva Life Insurance Co.

  2. AvegonLife Insurance Co.

  3. Bharti AXA Life Insurance Co.

  4. ICICI Prudential Life Insurance Co.


Correct Option: D

Agriculture accounted for _________$\%$ of advances of banks just before nationlization.

  1. $2.2\%$

  2. $4.4\%$

  3. $6.6\%$

  4. $8.8\%$


Correct Option: A

Nationalisation of Banks was done in _________.

  1. 1969

  2. 1959

  3. 1949

  4. 1979


Correct Option: A
Explanation:

In 1969, fourteen major private commercial banks of India were nationalized which included Indian bank, Indian Overseas bank, Canara bank etc in order to increase the efficiency and effectively of public sector by bringing domestic competition in the sector so that it can compete with the international banking system.