MCQs with answers on Banking in India - Part III
1. The performance of which scheme does the National Housing Bank monitor?a) Liberalized Finance Scheme
b) Golden Jubilee Rural Housing Finance Scheme
c) Energy Efficient Housing Finance Scheme
d) Finance scheme for indirect loans
View Answer / Hide AnswerANSWER: b) Golden Jubilee Rural Housing Finance Scheme
The National Housing Bank monitors the performance of the Golden Jubilee Rural Housing Finance Scheme implemented through the scheduled banks of HDFC and the Cooperative Sector Institutions. During 2009-10, 3.9 lakh dwelling units were successfully financed against a target of 3.5 lakh units.
a) July, 1982
b) July, 1969
c) June, 1951
d) June, 1961
View Answer / Hide AnswerANSWER: a) July, 1982
In the field of rural credit and agricultural development, establishment of NABARD is a major event. The National bank of Agriculture and Rural Development as an apex body with the responsibility for the overall development, policy, planning and financial support for agriculture and rural development was established on 12th July 1982.
a) May, 2008
b) June, 2008
c) August, 2008
d) March, 2009
View Answer / Hide AnswerANSWER: b) June, 2008
In June, 2008 the government acquired 72.5 percentage of RBI's shareholding in NABARD.
a) daily
b) weekly
c) monthly
d) yearly
View Answer / Hide AnswerANSWER: d) yearly
RIDF was set up in NABARD in 1995-96 to boost public sector investment in agriculture and rural infrastructure. The fund is raised yearly from the commercial banks to the extent of their shortfall in agricultural lending. The corpus of RIDF I-XV amounted to Rs. 1,03,718 crore by March 31, 2010.
a) January, 1982
b) January, 1993
c) March, 1971
d) June, 1969
View Answer / Hide AnswerANSWER: a) January, 1982
In January, 1982 recognising the importance of exports in India's development programmes, the Government of India set up the Export-Import Bank of India as a statutory corporation owned completely by the Union Government.
(i) to ensure an integrated and coordinated approach to solving the problems of exporters
(ii) to provide special attention to capital goods export and export of technical services
(iii) to tap domestic and overseas markets for resources, undertake development and finance activities in the areas of exports.
(iv) to provide financial assistance to the exporters and importers and act as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports.
(v) to provide refinance facilities to commercial banks and financial institutions against their export-import financing activities
(a) both (i) and (ii)
(b) only (iii), (iv), and (v)
(c) All the above
(d) None of the above
View Answer / Hide AnswerANSWER: (c) All the above
The main objectives of the Export-Import Bank (EXIM Bank) are to ensure an integrated and coordinated approach to solving the problems of exporters, providing special attention to capital goods export and export of technical services, and to tap domestic and overseas markets for resources, undertaking development and financing activities in the areas of exports. The EXIM Bank provides financial assistance to the exporters and importers and acts as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports. It also provides refinance facilities to commercial banks and financial institutions against their export-import financing activities.
a) Bank of Baroda
b) Bank of India
c) State Bank of India
d) Union Bank of India
View Answer / Hide AnswerANSWER: a) Bank of Baroda
Bank of Baroda had the highest concentrations of operations with 46 branches, 8 subsidiaries, 3 representative offices and 1 joint venture bank, followed by State Bank of India with 42 branches, 5 subsidiaries, 4 joint ventures and 8 representative offices, and Bank of India with 24 branches, 3 subsidiaries, 1 joint venture bank and 5 representative offices.
a) May, 2006
b) April, 1998
c) December, 1997
d) September, 2005
View Answer / Hide AnswerANSWER: c) December, 1997
In December, 1997, the Government of India appointed a committee under the chairmanship of Shri M.Narasimham to strengthen the banking system which submitted its report in April, 1998. The government accepted some of its recommendations, viz. prudential accounting norms, and classification of government-guaranteed advances.
