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Banking System
Which among the following is the oldest Development Financial Institution of India?
A) UTI
B) IDBI
C) ICICI
D) IFCI
Correct Answer:
D) IFCI
Part of solved Banking System questions and answers :
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1). Consider the following statements :
1. The National Housing Bank, the apex institution in 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?
A). 1 only
B). 2 only
C). Both 1 and 2
D). Neither 1 nor 2
-- View Answer
2). Regional rural banks :
1. have limited area of operation
2. have free access to liberal refinance facilities from NABARD
3. are required to lend only to weaker sections.
A). 1 and 3
B). 2 and 3
C). 1, 2 and 3
D). 1 and 2
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3). The arguments to support opening up of the Insurance sector in India were :
1. It will provide wider choice to customers
2. It will infuse competition and efficiency
3. It will widen the base of long term funds
4. It will improve balance of payments position
Choose the correct answer from:
A). 1, 2
B). 2, 3
C). 1, 2, 3
D). 1, 2, 3 and 4
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4). Match the following :
Institutions Year of Formation
A. National Stock Exchange 1. 1989
B. OTCEI 2. 1992
C. SEBI 3. 1993
D. CARE 4. 1988
A B C D
A). 1 2 3 4
B). 2 1 3 4
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5). The liabilities of a commercial bank are :
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2. security holdings
3. demand deposits
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A). 1, 2 and 3
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D). 1 and 3
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6). A tax which is paid by the person on whom the tax is incident is called a :
A). local tax
B). indirect tax
C). direct tax
D). rate
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7). Rate of growth of an economy is measured in terms of :
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C). number of people who have been lifted above the poverty line
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8). The standard of living in a country is represented by its :
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9). Which is the best measure of economic growth of a country?
A). GNP
B). GDP
C). Net revenue
D). None of the above
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10). Since 1951, in India :
A). (a) national income has increased but per capita income has decreased
B). (b) national and per capita incomes have both increased fast
C). (c ) national income has increased and per capita income has also increased
but at a slower rate
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-- View Answer