McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
Industrial Finance Corporation of India (IFCI) was established in : |
| A. | 1946 |
| B. | 1947 |
| C. | 1948 |
| D. | 1949 |
| Answer» C. 1948 | |
| 2. |
”Development Banks” are |
| A. | Branches of commercial Banks whether in private or public sector, situated in rural area for upliftment of weaker sections of the society |
| B. | Financial sections which provide long term finance to industries |
| C. | Land development banks which provide development financing to agriculture |
| D. | None of these |
| Answer» B. Financial sections which provide long term finance to industries | |
| 3. |
Industrial Development of was established as a subsidiary of |
| A. | RBI |
| B. | SIDBI |
| C. | SBI |
| D. | Industrial credit & investment corporation of India |
| Answer» A. RBI | |
| 4. |
Which of the following is the first Development Bank of India |
| A. | IFCI |
| B. | SFC |
| C. | NABARD |
| D. | State Industrial Development corporations |
| Answer» A. IFCI | |
| 5. |
Which of the following is a development bank? |
| A. | HDFC |
| B. | NHB |
| C. | Axis Bank |
| D. | DCB |
| Answer» B. NHB | |
| 6. |
Which development financial institution integrated with a bank? |
| A. | IFCI Ltd |
| B. | ICICI LTD |
| C. | NHB |
| D. | IIFCL |
| Answer» B. ICICI LTD | |
| 7. |
Which is the financial development institution created specially for the small & medium enterprises |
| A. | SIDBI |
| B. | IDBI |
| C. | NABARD |
| D. | IFCI LTD |
| Answer» A. SIDBI | |
| 8. |
The premier export finance institution of the country is |
| A. | RBI |
| B. | SBI |
| C. | EXIM Bank |
| D. | IDBI |
| Answer» C. EXIM Bank | |
| 9. |
Which financial institution is helping commercial banks is lending to the infrastructure sector? |
| A. | IFCI Ltd |
| B. | IDBI |
| C. | IIFCL |
| D. | IIBI |
| Answer» C. IIFCL | |
| 10. |
The erstwhile Industrial Reconstruction Bank of India (IRBI) is now known as |
| A. | IFCI |
| B. | ICICI |
| C. | IDBI |
| D. | Industrial Investment Bank of India Ltd |
| Answer» D. Industrial Investment Bank of India Ltd | |
| 11. |
Which of the following is not correct about development banks in India? |
| A. | The Development Banks do not seek or accept deposits from the public |
| B. | They provide short term finance |
| C. | The development banks promote economic development by promoting investment & enterprise |
| D. | None of these |
| Answer» B. They provide short term finance | |
| 12. |
Which agency is exclusively concerned with the credit needs of all types agricultural and rural development? |
| A. | SBI |
| B. | IDBI |
| C. | RBI |
| D. | NABARD |
| Answer» D. NABARD | |
| 13. |
Which of the following is the apex institution which handles refinance for agriculture and rural development in India? |
| A. | RBI |
| B. | SIDBI |
| C. | NABARD |
| D. | SEBI |
| Answer» C. NABARD | |
| 14. |
Which among the following is the oldest development Financial Institution of India? |
| A. | UTI |
| B. | IDBI |
| C. | ICICI |
| D. | IFCI |
| Answer» D. IFCI | |
| 15. |
In India, the bank NABARD does not provide refinance to |
| A. | Scheduled commercial bank |
| B. | RRB |
| C. | EXIM bank |
| D. | state land development bank |
| Answer» D. state land development bank | |
| 16. |
Central Government’s contribution towards the capital of RRBs is made through |
| A. | NABARD |
| B. | RBI |
| C. | SBI |
| D. | Central cooperative Bank |
| Answer» A. NABARD | |
| 17. |
At present the RBI holds one percent of shareholding in |
| A. | SBI |
| B. | NHB |
| C. | NABARD |
| D. | RBI |
| Answer» C. NABARD | |
| 18. |
The headquarters of SIDBI is in |
| A. | Lucknow |
| B. | New Delhi |
| C. | Mumbai |
| D. | Kolkata |
| Answer» A. Lucknow | |
| 19. |
The Exim bank has been set up for the purpose of |
| A. | functioning as a specialized institution for providing comprehensive credits on international competitive terms for exports of capital goods, engineering goods, manufactured produced, projects and services |
| B. | offering advisory services to exporters for non –traditional exports |
| C. | Providing refinance facilities in regard to export financing by banks and other financial institutions. |
| D. | All of the above |
| Answer» D. All of the above | |
| 20. |
The Export-Import bank of India (Exim Bank) is a public sector financial institution created by an Act of parliament viz |
| A. | BR Act ,1949 |
| B. | The companies Act, 1956 |
| C. | Export-Import bank of India Act, 1981 |
| D. | The Exim Act, 1948 |
| Answer» C. Export-Import bank of India Act, 1981 | |
| 21. |
The headquarter of NABARD is situated in |
| A. | Delhi |
| B. | Mumbai |
| C. | Lucknow |
| D. | Kolkata |
| Answer» B. Mumbai | |
| 22. |
NABARD is a |
| A. | Board |
| B. | Bureau |
| C. | Bank |
| D. | Department |
| Answer» C. Bank | |
| 23. |
Which of these DFI was primarily set up for the development of the Micro, Small and Medium Enterprise (MSME) sector? |
| A. | NABARD |
| B. | IDBI |
| C. | SIDBI |
| D. | IFCI |
| Answer» C. SIDBI | |
| 24. |
When was the Industrial Finance Corporation of India setup in India? |
| A. | 1945 |
| B. | 1948 |
| C. | 1951 |
| D. | 1991 |
| Answer» B. 1948 | |
| 25. |
Co-operative development bank was set up by |
| A. | NABARD |
| B. | RBI |
| C. | SBI |
| D. | central Govt. |
| Answer» A. NABARD | |
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