Tag: nationalisation and privatisation of banks

Questions Related to nationalisation and privatisation of banks

Who was the Prime Minister when $14$ banks were nationalised?

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

  1. Mrs Indira Gandhi

  2. Morarji Desai

  3. Lal Bahadur Sastri

  4. Charan Singh

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Correct Option: A
Explanation:

Indira Gandhi nationalised 14 major banks through an Ordinance on July 19, 1969. These banks held 70-85 per cent of total deposits in banks at the time.

Which of the following committees has recommended that a part of foreign exchange reserves should be used for infrastructural development?

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

  1. Parekh Committee

  2. Rakesh Mohan Committee

  3. Mehta Committee

  4. Rangarajan Committee

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Correct Option: A

Which of the following is the abbreviated name of the assets reconstruction company created specifically for small and medium sectors?

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

  1. CGTMSE

  2. CARE

  3. APITCO

  4. ISARC

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Correct Option: D

Which of the following housing schemes was/were launched by HUDCO to give special emphasis on the development of rural areas of the country?
(A) Indira Awas Yojana
(B) Adarsh Gram/Adarsh Basti Yojana
(C) Pradhan Mantri Gram Sadak Yojana.

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 (B)

  3. Only (C)

  4. All (A), (B) and (C)

Show answer
Correct Option: A
Explanation:

HUDCO started its rural housing activity from 1977-78 by extending loan assistance on affordable terms for construction of rural houses.

Indira Awaas Yojana (IAY) is the biggest and most comprehensive rural housing programme ever taken up in the country. 
There shall an Empowered Committee chaired by Secretary(RD)/Additional Secretary(RD) consisting the of following members
 i. Joint Secretary (Rural Housing) 
ii. Adviser (Planning Commission) 
iii. Representative of HUDCO
 iv. The representative of Knowledge Network 
v. Representatives of two eminent NGOs from the field of building construction
 vi. Secretary dealing with Rural Housing, of the state concerned
 vii. Representative of I.F.D 

Which of the following is not a programme/agency of the Union Ministry of Finance?

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

  1. Investor Education and Protection Fund (IEPF)

  2. National Foundation for Corporate Governance (NFCG)

  3. Serious Frauds Investigation Officer (SFIO)

  4. Central Rural Sanitation programme

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Correct Option: D

Which of the following is not a social assistance programme launched by the Government of India?

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

  1. National Old Age Pension Scheme

  2. Annapurna Scheme

  3. National Family Benefit Scheme

  4. All are social assistance programmes

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Correct Option: D

Generally, the lead bank in a district is the bank which is ________.

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

  1. having government business

  2. having the largest deposits in the district

  3. identified to coordinate implementation of the district credit plan

  4. none of the above

Show answer
Correct Option: C
Explanation:

The lead bank of a district is that bank which forms the basic day to day policies of that district and which is identified to coordinate implementation of the district credit plan which refers to the credit creation plans of the banks. 

According to the recent guidelines, $(2013)$ of the Reserve Bank of India the Private Sector Banks are required to have a minimum paid up equity capital of __________.

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

  1. $Rs. 300\ crores$

  2. $Rs. 200\ crores$

  3. $Rs. 400\ crores$

  4. $Rs. 500\ crores$

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Correct Option: D

The profitability of public-sector banks is low due to:
(i) Over-cautions approach to lending
(ii) Reserve Bank Policies
(iii) High Overhead Costs
(iv) Social-sector lending
Identify the correct code.

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

  1. (i) and (ii)

  2. (i) and (iv)

  3. (i), (iii) and (iv)

  4. (ii) and (iii)

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Correct Option: C

The nationalized New Bank of India was later merged with ________.

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

  1. central bank of India

  2. bank of Baroda

  3. Punjab national bank

  4. canara bank

Show answer
Correct Option: C
Explanation:

The Government of India nationalized New Bank of India in 1980. Punjab National Bank acquired New Bank of India in 1993.