Tag: nationalisation and privatisation of banks

Questions Related to nationalisation and privatisation of banks

The start-up scheme provides loans to entrepreneurs of the Scheduled Caste and Scheduled Tribes as well as women. Such loans range from _____________.

  1. Rs. 1 lakh to Rs.10 lakh

  2. Rs. 10 lakh to Rs.1 Crore

  3. Rs. 10 lakh to Rs.50 lakh

  4. Rs. 10 lakh to Rs.1.5 Crore


Correct Option: B
Explanation:

The start-up scheme provides loans to entrepreneurs of the Scheduled Caste and Scheduled Tribes as well as women. Such loans range from Rs 10 lakh to Rs 1 crore.Globally India ranks in third position with 42000 start ups. The start-up helps to promote the culture of innovation and entrepreneurship in India. It also promotes economic growth and development.

Land development banks provide loans for a period of  _____.

  1. 1 year

  2. 2 to 5 years

  3. 5 to 7 years

  4. 15 to 20 years


Correct Option: D

Nationalization of banks aimed at all of following except ________.

  1. removal of control by few

  2. provisions of credit to big industrial organizations

  3. provisions of adequate credit for agricultural

  4. encouragement of new class of entrepreneurs


Correct Option: B

A bank requiring a higher interest rate on an automobile loan than on a home mortgage loan is demonstrating the core principle that says __________.

  1. "Time has value."

  2. "Markets determine prices and allocate resoucers."

  3. "Risks requires compensation."

  4. "Information is the basis for decisions."


Correct Option: C

In 1969, Government announced the nationalization of ______ number of major of commercial banks. 

  1. 12

  2. 14

  3. 16

  4. 18


Correct Option: B

In 1980, Government announced the nationalization of ______ number of major of commercial banks. 

  1. 5

  2. 6

  3. 7

  4. 8


Correct Option: B

Nationalisation of Banks was done in ___________.

  1. 1969

  2. 1980

  3. Both (a) and (b)

  4. None of the above.


Correct Option: C

In 1969, Government announced the nationalization of ________ number of major Commercial Banks.

  1. 12

  2. 14

  3. 16

  4. 18


Correct Option: B

Before nationalisation, commercial banks in India were lending primarily to ____________.

  1. Agriculture

  2. Industry and Commerce

  3. Export Trade

  4. All of the above


Correct Option: B