Important Banking Awareness Quizzes (Topic Wise) Day-184

Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS/SBI Exams 2018 can make use of it.

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1. The erstwhile Industrial Reconstruction Bank of India (IRBI) is now known as

1.   Industrial Finance Corporation of India
2.   Industrial Credit and Investment Corporation of India
3.   Industrial Development Bank of India
4.   State Industrial Development Corporations
5.   Industrial Investment Bank of India Ltd

2. Industrial Finance Corporation of India gives loans for a maximum period of ________.

1.   15 years
2.   18 years
3.   25 years
4.   30 years
5.   20 years

3. Which of the following is not correct about development banks in India?

1.   The development banks promote economic development by promoting investment and enterprise
2.   The Development Banks do not seek or accept deposits from the public
3.   They provide short term finance
4.   Development banks are those banks engaged in the promotion and development of industry, agriculture, exports and other key sectors
5.   All of the above

4. National Housing Bank was established in ________.

1.   1980
2.   1988
3.   1985
4.   1990
5.   1975

5. Industrial Development Bank of India was established as a subsidiary of ________.

1.   State Bank of India
2.   Reserve Bank of India
3.   Industrial Credit and Investment Corporation of India
4.   State Industrial Development Corporations
5.   Small Industries Development Corporation Bank of India (SIDBI) was established in 1989

6. Which of the following is the first Development Bank of India?

1.   National Bank for Agriculture and Rural Development
2.   Industrial Finance Corporation of India
3.   State Finance Corporation
4.   Industrial Credit and Investment Corporation of India
5.   State Industrial Development Corporations

7. Which of the following is an investment institution?

1.   LIC of India
2.   IDBI Bank
3.   ICICI Bank
4.   All of the above
5.   None of the above

8. In terms of Section 6(1)(0) of the Banking Regulation Act, as notified by the Government of India from time to time, Commercial Banks are permitted to undertake the business of ______.

1.   Mutual funds
2.   None of these
3.   Leasing, hire purchase and factoring
4.   All of the above
5.   Insurance

9. The Small Industries Development Bank of India was established in

1.   1989
2.   1980
3.   1975
4.   1982
5.   1990

10. Which of the following is not an objective of SIDBI?

1.   To facilitate the marketing of the products of the small scale sector in India and abroad
2.   To provide special aid to labour intensive industries to enable them to provide more employment
3.   To give loans both to the private as well as public sector undertakings in the field of commodity production, mining and services such as hotels and transport
4.   To initiate the process of modernisation and technical upgradation of the present units
5.   To provide refinancing, factoring, leasing services to the small sector

11. ‘Development Banks’ are

1.   financial institutions which provide long term finance to industries
2.   branches of Commercial Banks, whether in private or public sector, situated in rural areas for upliftment of weaker sections of the society
3.   land development banks which provide developmental financing to agriculture
4.   Both (b) and (c)
5.   None of the above

12. Which one of the following states was the first to establish State Finance Corporation?

1.   Bihar
2.   Punjab
3.   Karnataka
4.   Maharashtra
5.   Gujarat

13. Which financial institution is helping commercial banks in lending to the infrastructure sector?

1.   IDBI
2.   IIFCL
3.   IIBI
4.   IFCI Ltd
5.   None of these

14. The premier export finance institution of the country is ______.

1.   EXIM Bank
2.   RBI
3.   SBI
4.   IDBI
5.   None of these

15. Which of the following is not correctly matched?

1.   NHB-1988
2.   IDBI-1964
3.   IFCI-1948
4.   SIDBI-1999
5.   None of these

Answers:

1. Correct Answer is: e)
2. IFCI Granting loans on subscribing to debentures repayable within a period not exceeding 25 years.

Correct Answer is: c)

3. Correct Answer is: c)
4. Correct Answer is: b)
5. Correct Answer is: b)
6. Correct Answer is: b)
7. Correct answer is: d)
8. This permits banks to set up insurance joint ventures on risk participation basis and also to undertake insurance business as agents of insurance companies on fee basis, without any risk participation by banks and their subsidiaries, consequent to the notification of Government of India specifying “Insurance” as a permissible form of business that could be undertaken by banks under Section 6(1)(o) of the Banking Regulation Act,1949.

Correct Answer is: e)

9. Correct Answer is: e)
10. Correct Answer is: e)
11. Correct Answer is: e)
12. Government of India has passed State Finance Corporation Act in 1951 and advised the state governments to start financial corporation, the first SFC was established at Punjab in the year 1953.

Correct Answer is: b)

13. IIFCL is a wholly-owned Government of India company set up in 2006 to provide long-term finance to viable infrastructure projects through the Scheme for Financing Viable Infrastructure Projects through a Special Purpose Vehicle called India Infrastructure Finance Company Ltd (IIFCL).

Correct Answer is: b)

14. Export–Import Bank of India is the premier export finance institution in India, established in 1982 under Export-Import Bank of India Act 1981. Since its inception, Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment.

Correct Answer is: a)

15. Small Industries Development Bank of India:, is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. Set up on April 2, 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.

Correct Answer is: d)

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