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INdian financial services

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

____________ allocates saving efficiently in an economy to ultimate users either for investment in real assets or for consumption.

a)

Economic system

b)

Banking system

c)

Financial system

d)

Market system

2.

____________is the first development financial institution in India.

a)

IDBI

b)

ICICI

c)

IFCI

d)

RBI

3.

With whom does the ownership of Public sector banks rest?

a)

Government of India

b)

ntly with Government of India and share-holders from the public

c)

Jointly with Government of India and State Bank of India

d)

Jointly with Government of India and Reserve Bank of India

4.

Co-operative Societies Act was enacted in which year?

a)

1912

b)

1949

c)

1935

d)

1913

5.

Which is the largest commercial bank in India?

a)

Bank of India

b)

Axis Bank

c)

State Bank of India

d)

HDFC

6.

“Scheduled bank” in India means a bank _____.

a)

Incorporated under the Companies Act, 1956

b)

Authorized to the Banking business

c)

Governed by the Banking Regulation Act, 1949

d)

Included in the Second schedule to the Reserve Bank of India Act 1934

7.

Which of the following is the apex institution which handles refinance for agriculture and rural development in India? a) RBI b) SIDBI

a)

RBI

b)

SIDBI

c)

NABARD

d)

IFCI

8.

When did the National Bank of Agriculture and Rural Development establish? a) July, 1982 b) July, 1969 c) June, 1951 d) June, 1961

a)

July 1982

b)

July 1969

c)

June, 1951

d)

June, 1961

9.

Which of the following combinations is correct?

a)

NABARD--------Industrial Loan

b)

RBI---------------Long term Finance

c)

RRB---------------Agriculture Finance

d)

IDBI---------------Short Term Loans

10.

In which year was the Banking Regulation Act passed? a) 1949 b) 1955 c) 1959 d) 1969

a)

1949

b)

1955

c)

1959

d)

1969

11.

Which of the following is not an asset held by Commercial Banks?

a)

Bills of Exchange

b)

Current Account Deposits

c)

Money Lent at short Notice

d)

Credit Balances with the Reserve Bank