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Banking & Financial Sector

52 questions in Indian Economy.

Asked in 2012, 2011, 2010, 2009, 2007, 2006, 2005, 2004, 2003, 2002, 2001, 2000, 1999, 1998, 1997, 1995

2012 · Q80Indian EconomyBanking & Financial Sectoreasy

The basic aim of Lead Bank Scheme is that

  1. (a)big banks should try to open offices in each district
  2. (b)there should be stiff competition among the various nationalized banks
  3. (c)individual banks should adopt particular districts for intensive development
  4. (d)all the banks should make intensive efforts to mobilize deposits
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Official answer(c) individual banks should adopt particular districts for intensive development

2011 · Q80Indian EconomyBanking & Financial Sectormoderate

Why is the offering of "teaser loans" by commercial banks a cause of economic concern? 1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future. 2. In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units. Which of the statements given above is/are correct?

  1. (a)1 only
  2. (b)2 only
  3. (c)Both 1 and 2
  4. (d)Neither 1 nor 2
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Official answer(a) 1 only

2010 · Q137Indian EconomyBanking & Financial Sectormoderate

With reference to the institution of Banking Ombudsman in India, which one of the statements is not correct ?

  1. (a)The Banking Ombudsman is appointed by the Reserve Bank of India
  2. (b)The Banking Ombudsman can consider complaints from Non-Resident Indians having accounts in India
  3. (c)The orders passed by the Banking Ombudsman are final and binding on the parties concerned
  4. (d)The service provided by the Banking Ombudsman is free of any fee
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Official answer(c) The orders passed by the Banking Ombudsman are final and binding on the parties concerned

2006 · Q105Indian EconomyBanking & Financial Sectormoderate

Consider the following statements: 1. Life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United India Insurance Company Limited are located at Chennai. Which of the statements given above are correct?

  1. (a)1, 2 and 3
  2. (b)1 and 2, only
  3. (c)2 and 3, only
  4. (d)1 and 3, only
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Official answer(c) 2 and 3, only

2005 · Q140Indian EconomyBanking & Financial Sectormoderate

Consider the following statements: 1. Global Trust Bank has been amalgamated with the Punjab National Bank. 2. The second report of the Kelkar Committee dealing with direct and indirect taxes has maintained its original recommendations, including the abolition of exemptions relating to housing loans. Which of the statements given above is/are correct?

  1. (a)1 only
  2. (b)2 only
  3. (c)Both 1 and 2
  4. (d)Neither 1 nor 2
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Official answer(d) Neither 1 nor 2

2004 · Q47Indian EconomyBanking & Financial Sectormoderate

Consider the following statements: 1. The National Housing Bank, the apex institution of housing finance in India, was set up as a wholly-owned subsidiary of the Reserve Bank of India. 2. The Small Industries Development Bank of India was established as a wholly-owned subsidiary of the Industrial Development Bank of India. Which of the statements given above is/are correct?

  1. (a)1 only
  2. (b)2 only
  3. (c)Both 1 and 2
  4. (d)Neither 1 nor 2
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Official answer(c) Both 1 and 2

2003 · Q96Indian EconomyBanking & Financial Sectormoderate

Consider the following statements: 1. The maximum limit of shareholding of Indian promoters in private sector banks in India is 49 per cent of the paid-up capital. 2. Foreign Direct Investment up to 49 per cent from all sources is permitted in private sector banks in India under the automatic route. Which of these statements is/are correct?

  1. (a)Only 1
  2. (b)Only 2
  3. (c)Both 1 and 2
  4. (d)Neither 1 nor 2
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Official answer(c) Both 1 and 2

2002 · Q122Indian EconomyBanking & Financial Sectormoderate

Consider the following financial institutions of India: 1. Industrial Finance Corporation of India (IFCI) 2. Industrial Credit and Investment Corporation of India (ICICI) 3. Industrial Development Bank of India (IDBI) 4. National Bank for Agriculture and Rural Development (NABARD) The correct chronological sequence of the establishment of these institutions is

  1. (a)1, 2, 3, 4
  2. (b)2, 3, 4, 1
  3. (c)3, 4, 1, 2
  4. (d)4, 1, 2, 3
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Official answer(a) 1, 2, 3, 4

2001 · Q54Indian EconomyBanking & Financial Sectoreasy

Consider the following statements regarding Reserve Bank of India: I. It is a banker to the Central Government. II. It formulates and administers monetary policy. III. It acts as an agent of the Government in respect of India’s membership of IMF. IV. It handles the borrowing programme of Government of India. Which of these statements are correct?

  1. (a)I and II
  2. (b)II, III and IV
  3. (c)I, II, III and IV
  4. (d)III and IV
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Official answer(c) I, II, III and IV

1997 · Q29Indian EconomyBanking & Financial Sectormoderate

Match List I with List II and select the correct answer by using the codes given below the lists: List I (Committees) I. Disinvestment of shares in Public Sector Enterprises II. Industrial Sickness III. Tax Reforms IV. Reforms in Insurance Sector List II (Chaired by) A) Rajah Chelliah B) Onkar Goswami C) R. N. Malhotra D) C. Rangarajan Codes:

  1. (a)I–A, II–D, III–B, IV–C
  2. (b)I–D, II–B, III–A, IV–C
  3. (c)I–D, II–A, III–B, IV–C
  4. (d)I–A, II–C, III–D, IV–B
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Official answer(b) I–D, II–B, III–A, IV–C

1995 · Q27Indian EconomyBanking & Financial Sectormoderate

As part of the liberalisation programme and with a view to attracting foreign exchange, the Government and the RBI have devised two schemes known as FCNR-‘A’ and FCNR-‘B’. Which of the following is/are true regarding these two schemes? I. Under scheme ‘A’ RBI bears exchange rate fluctuations. II. Under scheme ‘B’, other banks are to meet out the difference in exchange rate fluctuations. III. Both the schemes stand withdrawn now. IV. Only scheme ‘A’ has been withdrawn. Select the correct answer from the codes given below:

  1. (a)III only
  2. (b)I and II
  3. (c)I, II and III
  4. (d)I, II and IV
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Official answer(d) I, II and IV