Tag: nationalisation and privatisation of banks

Questions Related to nationalisation and privatisation of banks

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

Show answer
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.

Which of the following Committees/Task forces was set up to suggest reforms in Banking Sector?

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

  1. Task force on Infrastructure

  2. Narasimham Committee

  3. Rajinder Sachar Committee

  4. Swaminathan Committee

Show answer
Correct Option: B

Asia Bank is a _________________.

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

  1. Public Sector Bank

  2. Private Sector Bank

  3. Co-operative Bank

  4. Foreign Bank

Show answer
Correct Option: B

Regional Rural Banks _____________.

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

  1. have limited area of operation and access to refinance from NABARD.

  2. are required to lend only to weaker sections

  3. are mandated to do only narrow banking.

  4. can only extend agricultural loans.

Show answer
Correct Option: A

Fill in the blanks from the alternatives given.
The 20 - point programme was introduced by _________.

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

  1. Rajiv Gandhi

  2. Indira Gandhi

  3. Sonia Gandhi

  4. none of these

Show answer
Correct Option: B

Prior to 1955 SBI was known as ______.

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

  1. Important Bank of India

  2. Central Bank of India

  3. Imperial Bank of India

  4. Indigenous Bank of India

Show answer
Correct Option: C

 In 1969, banks with a deposit of Rs ______  or more were nationalized.

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

  1. Rs. 500 crore

  2. Rs. 100 crore

  3. Rs. 59 crore

  4. Rs. 5 crore

Show answer
Correct Option: B

SBI was established in ________.

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

  1. 1955

  2. 1947

  3. 1965

  4. 1910

Show answer
Correct Option: A

Nationalization of Banks took place in ________.

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

  1. July 1969

  2. February 1977

  3. Jan 1960

  4. April 1989

Show answer
Correct Option: A