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Major Institutions

Description: Major Institution (E)
Number of Questions: 15
Created by:
Tags: Major Institution (E) Economic Scenario Indian Economy
Attempted 0/15 Correct 0 Score 0

The headquarters of SIDBI are in

  1. Bangalore

  2. Mumbai

  3. Lucknow

  4. New Delhi


Correct Option: C
Explanation:

The headquarters of SIDBI are at Ashok Marg, Lucknow

The apex organisation of industrial finance in India is

  1. IDBI

  2. ICICI

  3. RBI

  4. IFCI


Correct Option: A
Explanation:

IDBI is the apex organisation of industrial finance in India.

Which of the following parts of the divided UTI is/are working as Mutual Fund(s) under SEBI rules?

  1. UTI-I

  2. UTI-II

  3. Both (1) and (2)

  4. Neither (1) nor (2)


Correct Option: B
Explanation:

Correct Answer: UTI-II

What was the field of Sundararajan Committee?

  1. Power

  2. Small Industry

  3. Education

  4. Petroleum


Correct Option: D

In which year was the National Stock Exchange established?

  1. 1992

  2. 1993

  3. 1988

  4. 1989


Correct Option: A
Explanation:

The National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai. NSE was established in 1992 as the first demutualised electronic exchange in the country.

Which of the following is the main function of CRISIL?

  1. To evaluate the credit documents of a company

  2. To provide financial assistance to industries

  3. To provide finances for rural areas

  4. To promote exports


Correct Option: A
Explanation:

Option (1) is the correct answer. 

Which of the following institutions provide(s) long term finance to industries?

  1. GIC

  2. LIC

  3. UTI

  4. All of the above


Correct Option: D
Explanation:

General Insurance Corporation of India, Life Insurance Corporation of India and UTI provide long term finance to industries.

The first share market in India was established in

  1. Mumbai

  2. Delhi

  3. Chennai

  4. Kolkata


Correct Option: A

Which pair is not correct?

  1. Rangrajan Committee - Balance of Payment

  2. Rekhi Committee - Simplification of Export and Import

  3. A. C. Shah Committee - NBFC

  4. Goiporia Committee - Banking Service Improvements


Correct Option: B

Which of the following is not affiliated to the Reserve Bank of India?

  1. Deposit Insurance Corporation

  2. IDBI

  3. Unit Trust of India

  4. NABARD

  5. None of these


Correct Option: C
Explanation:

Unit Trust of India is not affiliated to the Reserve Bank of India.

The Planning Commission is

  1. an advisory body

  2. a ministry

  3. a government department

  4. None of these


Correct Option: A
Explanation:

The Planning Commission is an institution in the Government of India, which formulates India's Five Year Plans, among other functions.

Who was the first Deputy Chairman of the Planning Commission of India?

  1. D. R. Gadgil

  2. Shri V. T. Krishnamachari

  3. Gulzari Lal Nanda

  4. Ashok Mehta


Correct Option: C
Explanation:

Correct Answer: Gulzari Lal Nanda

LIC of India was founded in

  1. 1949

  2. 1950

  3. 1956

  4. 1965


Correct Option: C
Explanation:

The company was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation.

Which of the following is the highest body that approves a Five-Year Plan?

  1. Ministry of Finance

  2. Lok Sabha

  3. Rajya Sabha

  4. National Development Council

  5. None of these


Correct Option: D
Explanation:

Option (4) is correct.

Which of the following agencies regulates the commodity market in India?

  1. FMC

  2. SEBI

  3. NCDEX

  4. None of these


Correct Option: A
Explanation:

The Forward Market Commission (FMC) is the chief regulator of commodity future markets in India. It is headquartered in Mumbai and this financial regulatory agency is overseen by the Ministry of Finance.

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