Banking Awareness Quiz (Financial Institutions)

1. Small Industries Development Bank, (SIDBI) was set up by an Act of parliament commenced operating on _____?

(a) January 1, 1990

(b) March 1, 1990

(c) April 1, 1990

(d) April 2, 1990

(e) None of the above

2. Small Industries Development Bank of India is wholly subsidiary of _____?

(a) RBI

(b) Exim Bank

(c) NABARD

(d) IDBI

(e) None of the above

3. The Industrial Finance Corporation of India was set up in _____?

(a) March 1948

(b) April 1948

(c) July 1948

(d) October 1948

(e) None of the above

4. The Industrial Finance Corporation of India provides loans to _____?

(a) Industries in public sector only

(b) Industries set up for export promotion

(c) Joint-stock companies in the public or private or joint sector or co-operative sector

(d) None of the above

(e) All the Above

5. Industrial Credit and Investment Corporation of India was set up in ______?

(a) 1948

(b) 1950

(c) 1951

(d) 1955

(e) None of the above

6. The State Financial Corporations have been set up under ______?

(a) State Financial Corporation Act, 1951

(b) Reserve Bank of India Act

(c) Banking Regulation Act

(d) Companies Act, 1956

(e) None of the above

7. The loans granted by SFC’s are refinanced by ______?

(a) IDBI

(b) SIDBI

(c) RBI

(d) both (a) and (b)

(e) None of the above

8. NABARD provides refinance to ______?

(a) Scheduled commercial banks

(b) Co-operative banks

(c) Regional rural banks

(d) All the above

(e) None of the above

9. NABARD provides refinance assistance for ______?

(a) Promotion of agriculture

(b) Promotion of small scale industries

(c) Cottage and village industries

(d) All the above

(e) None of the above

10. The Export-Import Bank of India was set up in ______?

(a) July 1969

(b) April 1970

(c) January 1982

(d) April 1982

(e) None of the Above

11. Exim Bank also provides ______?

(a) Refinance facilities

(b) Consultancy and technology services

(c) Services of finding foreign markets for exporters

(d) All the above

(e) None of these

12. Exim Bank concentrates on ______?

(a) Medium-term financing

(b) Short-term financing

(c) Short and medium-term financing

(d) Short and long-term financing

(e) None of the above

13. Exim Bank extends facility of _____?

(a) Rediscounting of foreign bills of commercial banks

(b) Advisory services to the exporters

(c) Research and market surveys

(d) All the above

(e) None of the above

14. Regional Rural Banks were set up vide _____?

(a) Reserve Bank of India Act

(b) Regional Rural Banks Act, 1976

(c) NABARD Act

(d) Banking Regulation Act, 1949

(e) None of the above

15. Regional Rural Banks carry on normal banking business as defined in _____?

(a) Reserve Bank of India Act

(b) Banking Regulation Act, 1949

(c) Regional Rural Bank Act, 1976

(d) Companies Act, 1956

(e) None of the above

Answers:

1. D
2. D
3. C
4. C
5. D
6. A
7. D
8. D
9. D
10. C
11. D
12. A
13. D
14. B
15. B