Tag: institutional sources

Questions Related to institutional sources

Indira Gandhi Institute of Development Research was set up by the _________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. RBI

  2. NABARD

  3. IBRD

  4. SBI

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Correct Option: A
Explanation:

Indira Gandhi Institute of Development Research is located in Mumbai. It was established by RBI in 1987 on the occasion of its golden jubilee . It is an advanced research institution.

The bankers training college is located at _________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. Mumbai

  2. Chennai

  3. Pune

  4. New Delhi

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Correct Option: A
Explanation:

The Bankers Training college was set up by RBI to provide better banking and economic knowledge to aspiring bankers. It is located in Mumbai.

The Apex institution with regard to rural credit is __________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. Agricultural Refinance and Development Corporation

  2. Regional Rural Banks

  3. Reserve Bank of India

  4. NABARD

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Correct Option: D
Explanation:

NABARD is an apex development financial institution of India. It was established in 1982 with regards to policy, planning and operations in the field of credit for agriculture and other economic activities in rural parts of India.

NABARD stands for ____________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. National Bank for Agricultural and Refinance Development

  2. National Bank for Agricultural and Rural Development

  3. National Board of Agriculture and Rural Development

  4. National Bureau for Agriculture and Rural Development

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Correct Option: B
Explanation:

National Bank of Agricultural and Rural Development was established in 1982 and has been entrusted with planning, policy and operations in the field of credit for agriculture and other economic activities in rural areas of India.

The Reserve Bank of India was nationalised on __________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. January 1, 1947

  2. January 1, 1949

  3. January 1, 1951

  4. January 1, 1955

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Correct Option: B
Explanation:

The Reserve Bank of India was nationalized on the basis of Reserve Bank of India (Transfer to public ownership)act, 1948. After the nationalization, all shares in the capital of the bank was deemed transferred to the central government on payment of suitable compensation.

The RBI set up an Industrial Credit Department in ______.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. 1935

  2. 1942

  3. 1947

  4. 1957

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Correct Option: D
Explanation:

Industrial Credit Department was set up to administer the Credit Guarantee Scheme for small scale industries. This step was taken by RBI to promote industrial Finance.

Indira Gandhi Institute of Development Research was setup in the year ______.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. 1985

  2. 1987

  3. 1990

  4. 1995

Show answer
Correct Option: B
Explanation:

Indira Gandhi Institute of Development Research is located in Mumbai and was established by RBI. The reason for establishing this institution is to research on developmental issues. It also contains one of the largest social sciences library in Asia.

The college of agricultural banking is located at ___________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. Chennai

  2. Pune

  3. New Delhi

  4. Mumbai

Show answer
Correct Option: B
Explanation:

The College of Agricultural Banking was set up by RBI  in the Pune city of Maharashtra to educate rural people regarding agricultural banking and other related fields.

Banking Ombudsman Scheme was announced in ______.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. 1947

  2. 1950

  3. 1995

  4. 1965

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Correct Option: C
Explanation:

The banking ombudsman scheme was introduced by RBI under section 35 A of the Banking Regulation Act, 1949 with effect from 1995. Under this scheme, a banking ombudsman who is a senior official is appointed. He/she handles and redresses the customer complaints against deficiency in certain banking services. 

Every regional bank is sponsored by _________.

organisation of commerce and management specialised financial institutions institutional sources long term sources of finance sources of business finance - 2

  1. Central Bank

  2. RBI

  3. Nationalised Bank

  4. NABARD

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Correct Option: C
Explanation:

Nationalized bank are the public sector banks. All the regional rural banks are owned by either central government or state government.

Nationalized banks sponsor Regional Banks for greater rural development and availability of basic banking activities in rural areas.