Classical

Banking and Financial Institutions - Banking and Financial Institutions Questions Multiple Choice Questions

31:  
SlDBI was set up in ___ as a wholly owned subsidiary of
A.

1985 - EXlM

B.

1969 - RRBI

C.

1975 - IFCI

D.

1990 - lDBI

 
 

Option: D

Explanation :


32:  

Which of the following is not a function of a Bank

A.

To accept deposits

B.

To waive loans

C.

To grant advances

D.

To supply input to farmers

 
 

Option: D

Explanation :


33:  

Which of the following sentence is false

A.
Nationalisation of commercial banks has achieved its objectives.
B.
Prior to nationalisalion, commercial bank in India were generally concerned with profit maximisation only.
C.
Nationalisation has enhanced the efficiency of commercial banks.
D.
Bank nationalisation in India was promoted by the necessity of credit facilities reaching the rural sector and weaker section of the society.
 
 

Option: A

Explanation :


34:  

The Commercial Banks in India are governed by

A.

Reserve Bank of India Act, 1934

B.

Indian Companies Act, 1956

C.

Indian Banking Regulation Act, 1949

D.
Securities and Exchange Board of India Act, 1993
 
 

Option: C

Explanation :


35:  

"Repo Rate" refers to the rate at which

A.
RBI borrows short term money from the markets
B.

Banks keeps the money with RBI

C.

Bills are discounted by RBI

D.

Forex purchased by RBI

 
 

Option: C

Explanation :




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