Tag: history

Questions Related to history

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

Show answer
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

Show answer
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. $Rs. 500\ crores$

Show answer
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)

Show answer
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.

In order to control credit ______________.

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

  1. CRR should be increased and bank rate should be decreased

  2. CRR should be decreased and bank rate should be decreased

  3. CRR should be increased and bank rate should be increased

  4. CRR should be decreased and bank rate should be increased

Show answer
Correct Option: C
Explanation:

In order to control credit, CRR and bank rate should be increased and both will assist in control of credit.

Which of the following is not a function of a Rural Bank?

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

  1. To accept deposits

  2. To waive loans

  3. To grant advances

  4. To supply inputs to farmers

Show answer
Correct Option: D
Explanation:

The functions of the RRB are as follows:

(1) Granting of loans and advances to small and marginal farmers and agricultural labourers, whether individually or in groups, and to co-operative societies, agricultural processing societies, co-operative farming societies, primarily for agricultural purposes or for agricultural operations and other related purposes;

(2) Granting of loans and advances to artisans, small entrepreneurs and persons of small means engaged in trade, commerce and industry or other productive activities within its area of co-operation; and

(3) Accepting deposits.

but providing inputs to farmers is not its function 

Which of the following is the main regulatory authority for insurance companies in India?

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

  1. RBI

  2. SEBI

  3. LIC

  4. IRDA

Show answer
Correct Option: D
Explanation:

IRDA - Insurance Regulatory and Development Authority of India

It issues the registration certificates to insurance companies and regulates them. It protects the interest of policy holders. It provides license to insurance intermediaries such as agents and brokers after specifying the required qualifications and set norms/code of conduct for them.