Classical

Banking and Financial Institutions - Banking and Financial Institutions Questions

36:  
The ICICI has been established to achieve the objectives
A.
to assist in the formation, expansion and modernisation of industrial units in the private sector.
B.
to stimulate and promote the participation of private capital (both Indian and foreign) in such industrial units
C.

Both (a) and (b)

D.

None of these

 
 

Option: C

Explanation :


37:  

The functions of SFCs include

A.
Grant of loans and advances to or subscribe to debentures of industrial concerns repayable within a period not exceeding 20 years, with option of conversion into shares or stock of industrial concern.
B.
Guaranteeing loans raised by industrial concerns which are repayable within a period not exceeding 20 years.
C.

Both (a) and (b)

D.

None of these

 
 

Option: C

Explanation :


38:  

The main objective of IDBI is to

A.
Co-ordination, regulation and supervision of the working of other financial institutions such as IFCI, ICICI, UTI, LIC, Commercial Banks and SFCs.
B.
Supplementing the sources of other financial institution and thereby widening the scope of their assistance.
C.
Planning, promotion and development of key industries and diversifications of industrial growth.
D.

All of the above

 
 

Option: D

Explanation :


39:  

The main functions of UTI are

A.
To mobilise the savings of the community through sale of units.
B.
To invest the savings so mobilised in corporate securities such as shares and debentures etc.
C.
To serve unit holders along the length and breadth of the country.
D.

All of the above

 
 

Option: D

Explanation :


40:  

The main functions of IFCI are -

(i) Granting loans and advances for the establishment, expansion diversification and modernisation of industries in

corporate and co-operative sectors.
(ii) Guaranteeing loans raised by industrial concerns in the capital market, both in rupees and foreign currencies.
(iii) Subscribing or underwriting the issue of shares and debentures by industries. Such investment can be held up to 7 years.
(iv) Guaranteeing credit purchase of capital goods imported as well as purchased within the country
A.

(i) and (ii)

B.

(iii), (iv), and (ii)

C.

(i), (ii), and (iii)

D.

(i), (ii), (iii) and (iv)

 
 

Option: D

Explanation :




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