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Banking GK

Description: Banking General Knowledge Test Preparation and also Useful for UPSC, DSSB, Bank PO, SSC and Other Competitive Entrance Exams Preparation and Practice Material
Number of Questions: 25
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Tags: Bank. Commerce General Knowledge B.Ed Bank Placement Papers UPSC IQ Quiz SSC Railways RRB Bank PO Bank Clerical NDA CDS Civil Services MBA MCA MAT RRB ASM PCS General Awareness Static GK The Reserve Bank of India
Attempted 0/25 Correct 0 Score 0

At present (2015), the contribution of Government of India and Reserve Bank of India in the capital of NABARD is in the ratio

  1. 75 : 25

  2. 60 : 40

  3. 49 : 51

  4. 99 : 01

  5. None of these


Correct Option: D
Explanation:

Correct option is (4). NABARD was set up with an initial capital of 100 crore. Consequent to the revision in the composition of share capital between Government of India and RBI, the paid up capital as on 31 March 2015, stood at 5000 crore with Government of India holding 4,980 crore (99.60%) and Reserve Bank of India 20.00 crore (0.40%).

How many Local Area Banks are there in India?

  1. 3

  2. 5

  3. 8

  4. 12


Correct Option: A

When was 'NABARD' established?

  1. 12th July 1980

  2. 12th July 1982

  3. 12th July 1984

  4. 12th July 1986


Correct Option: B

Who is the chairperson of National Bank of Agriculture & Rural Development (NABARD)?

  1. Y S P Thorat

  2. K C Pant

  3. Bimal Jalan

  4. Ms Ranjana Kumar


Correct Option: A

NABARD provides refinance to commercial banks to the extent of…….............in connection with loans granted by them for dry land development and wasteland development.

  1. 70%

  2. 80%

  3. 90%

  4. 100%


Correct Option: D

What should be the minimum stake of promoter in the capital of a Local Area Bank?

  1. Rs. 1 crore

  2. Rs. 2 crore

  3. Rs. 5 crore

  4. None of the above


Correct Option: B

Which of the following statements is not correct in respect of Local Area Banks?

  1. It is registered under Indian Companies Act

  2. It is not included in second schedule of Reserve Bank of India

  3. Provisions that are applicable to RRBs are also applicable to Local Area Bank

  4. It is established wholly in private sector and it has no stake of Govt. in the capital


Correct Option: B

'National Bank of Agriculture & Rural Development' was established on the recommendations of�

  1. B Shivraman

  2. N L Dantwala

  3. D R Gadgil

  4. A D Gorewala


Correct Option: A

Which of the following committees is directly related to NABARD?

  1. Review Committee of Institutional Credit Arrangement for Agriculture and Rural Development

  2. Banking Services Committee for Agriculture and Rural Development

  3. Loan and Refinance Facility Committee for Agriculture and Rural Development

  4. None of these


Correct Option: A

Which of the following undertakings were merged to form 'National Bank of Agriculture and Rural Development'?1. Agriculture Credit Department of RBI

  1. Agriculture Refinance and Development Corporation
  2. Rural Planning and Credit Centre
  1. 1 and 2

  2. 1 and 3

  3. 2 and 3

  4. 1, 2 and 3


Correct Option: B

Which of the following is not a Local Area Bank out of three functioning at present?

  1. Coastal Local Area Bank, Vijayawada (Andhra Pradesh)

  2. Capital Local Area Bank, Nakodar (Punjab)

  3. Krishna Bhim Smridhi Local Area Bank, Mehbubnagar (Andhra Pradesh)

  4. Manipal Local Area Bank, Manipal (Karnataka)


Correct Option: D

Which of the following statements is correct regarding NABARD?

  1. It is an apex bank functioning for Agriculture and Rural Development.
  2. It provides refinance to commercial banks for all-round rural development.
  3. It cannot raise funds from abroad.
  1. 1 and 2

  2. 1 and 3

  3. 2 and 3

  4. 1, 2 and 3


Correct Option: B

NABARD has established a Rs 50000 crore ……………………….for agriculture and rural infrastructure.

  1. Prime Minister Rural Infrastructure Fund

  2. Ambedkar Agriculture and Rural Infrastructure Fund

  3. Loknayak Jaiprakash Narayan Fund

  4. Chaudhry Charan Singh Infrastructure Fund


Correct Option: C

What is the corpus of 'Micro Finance Development and Equity Fund' set up in NABARD?

  1. Rs. 100 crore

  2. Rs. 200 crore

  3. Rs. 500 crore

  4. Rs. 1 crore


Correct Option: B

On 1st January 2004, NABARD established……………………which is its wholly owned subsidiary.

  1. NABARD Construction Ltd

  2. NABARD Consultancy Services Ltd

  3. National Bank for Consultancy Services

  4. All the above


Correct Option: B

Export Import Bank (Exim Bank) was established on�

  1. 1st January 1980

  2. 1st January 1981

  3. 1st January 1982

  4. 1st January 1983


Correct Option: B

What is the rate of interest charged by NABARD on refinance provided to commercial banks in respect of loans for establishing Agriculture Business Centre or Agriculture Clinic?

  1. 5.50%

  2. 5.75%

  3. 6%

  4. 6.25%


Correct Option: A

The Head Office of Exim Bank is situated at�

  1. New Delhi

  2. Mumbai

  3. Kolkata

  4. Chennai


Correct Option: B

Authorised Capital of Exim Bank is�

  1. Rs 500 crore

  2. Rs 1 crore

  3. Rs 2000 crore

  4. None of the above


Correct Option: B

What is the new name of Micro Finance Development Fund established by NABARD?

  1. National Equity Fund

  2. Micro Finance Development and Equity Fund

  3. Rural Development Equity Fund

  4. Integrated Rural Development Fund


Correct Option: B

Paid up Capital of Exim Bank is�

  1. Rs 299.99 crore

  2. Rs 399.99 crore

  3. Rs 499.99 crore

  4. None of the above


Correct Option: C

What is the stake of Govt. of India in Paid up Capital of Exim Bank?

  1. 51%

  2. 55%

  3. 76%

  4. 100%


Correct Option: D

Which of the following statements is incorrect?

  1. Micro Management of RRBs is in the hands of NABARD

  2. Inspection of co-operative banks/RRBs is a regulatory function of NABARD

  3. Credit Card issued by NABARD is known as Kisan Credit Card

  4. Board of Directors of NABARD comprises of 15 members including Chairman


Correct Option: A

NABARD provides refinance facility for farm sector activities irrespective of location of the project. For non-farm sector activities, NABARD provides refinance in rural and other areas, where population does not exceed 50000. Which is not included in non-farm activities?

  1. SSI

  2. Road/Water Transport Operator

  3. Hospital

  4. Business Unit


Correct Option: D

Which of the following is not a function of Exim Bank?

  1. To provide loans to foreign Governments and banks in foreign countries.
  2. To provide financial assistance to exporters of Indian goods/services.
  3. To promote foreign buyers for buying Indian goods/services.
  1. Only 1

  2. Only 1 and 2

  3. Only 2 and 3

  4. 1, 2 and 3


Correct Option: A
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