Tag: nationalisation and privatisation of banks

Questions Related to nationalisation and privatisation of banks

NABARD is a __________.

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

  1. bank

  2. board

  3. department

  4. all of the above

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Correct Option: A

Which one is not the objective of Nationalisation of banks?

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

  1. Removal of control of Banks by few

  2. Generation of more revenue

  3. Managing Banks professionally

  4. Provision of adequate credit for Agriculture and SSI units

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Correct Option: B

The full form of ICICI is :

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

  1. Investment Credit and Industrial Corporation of India

  2. Indian Credit and Investment Corporation of India

  3. Industrial Credit and Investment Corporation of India

  4. International Credit and Investment Corporation of India.

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Correct Option: C

The rate of interest at which the RBI lends to the commercial banks is called ___________.

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

  1. SLR

  2. CRR

  3. Bank rate

  4. OMO

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Correct Option: C

Govt. of India has created a special India Micro finance Equity Fund of Rs. 100 Crores. The fund is maintained by _______.

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

  1. RBI

  2. SIDBI

  3. NABARD

  4. SEBI

Show answer
Correct Option: B
Explanation:

Small Industrial Development Bank of India (SIDBI) is a development fiscal establishment in India, headquartered at Lucknow and having its offices all over the country. 

Its purpose is to provide refinance facilities and short term lends to industries and serves as the major financial institution in the Micro, Small and Medium Enterprises (MSME) sector. 

SIDBI also, coordinate the functions of institution occupied in similar activities. It was established on April 2, 1990, through an Act of Parliament. It is headquartered in Lucknow. SIDBI operates under the Department of Financial Services, Government of India.

Thus, the correct option is B.

The term 'Core Banking Solutions' is sometimes seen in the news. Which of the following statements best describes/ describe this term?
1. It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
2. It is an effort to increase RBI's control over commercial banks through computerization.
3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.
Select the correct answer using the code given below.

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

  1. $1$ only

  2. $2$ and $3$ only

  3. $1$ and $3$ only

  4. $1, 2$ and $3$

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Correct Option: A

When did the first nationalization of Banks take place?

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

  1. 1969

  2. 1966

  3. 1965

  4. 1967

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Correct Option: A
Explanation:

The government through the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969 and nationalized the 14 largest commercial banks on 19 July 1969. 

The present chairman of State Bank of India is ______.

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

  1. Pratip Chaudhuri

  2. Chanda Kochhar

  3. U.K Singh

  4. None of the above

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Correct Option: D
Explanation:

D. None of the above

Rajnish Kumar is the new chairman of SBI after Arundhati Bhattacharya.

Which Bank was merged with Punjab National Bank in 1993 ?

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

  1. New Bank of India

  2. Bank of Maharashtra

  3. Kashi Nath Bank

  4. Indus Bank

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Correct Option: A
Explanation:

Punjab National Bank acquired New Bank of India in 1993. Thereafter, no other nationalized bank in India has been merged into another bank.

How many banks were nationalised in 1969?

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

  1. 16

  2. 14

  3. 15

  4. 20

Show answer
Correct Option: B
Explanation:

In a major process of nationalization, seven subsidiaries of the State Bank of India were nationalized via the State Bank of India (Subsidiary Banks) Act, 1959. In 1969, fourteen major private commercial banks were nationalized.