Deck 4: Cooperative and Development Banks in India

Question 1

Accounting equation is base of

A)Single entry system
B)Dual concept
C)Double entry system
D)Costing measurement system

Answer 1

Double entry system

Question 2

Which of the following can change money supply

A)National Assembly
B)Supreme Court
C)Government
D)State Bank

Answer 2

State Bank

Question 3

Which of the following increase money supply in the country?

A)Purchase of bonds by State Bank
B)Sale of bonds by State Bank
C)Increase in discount rate
D)Decrease in taxes

Answer 3

Purchase of bonds by State Bank

Question 4

'One man one vote' principle in Co-operative Society was recommended by

A)Gorwala Committee
B)Mac Lagan Committee
C)Minto Morley Committee
D)Montaque Chelmsford Committee

Question 5

The structure of cooperative banking system in India is federal and pyramid type of

A)four-tier
B)three-tier
C)two-tier
D)five-tier

Question 6

Co-operative movement originated first in

A)Germany
B)England
C)France
D)Spain

Question 7

Interest rate of Deposit of cooperative credit societies are fixed by

A)Registrar
B)Government
C)RBI
D)General Body

Question 8

The land mortgage banks grant _______________ to the farmers against the conveyance of land as security.

A)short term loans
B)medium term loans
C)long term loans
D)short& medium term loans

Question 9

Co-operative banks

A)cannot create credit
B)are of 'unit banking type'
C)cannotmobilizem\ deposit
D)both (a) and (b)

Question 10

Development banks provide

A)short-term credit only
B)both short-term and medium-term credits
C)both medium-term and long-term credits
D)long-term credit only

Question 11

What is the apex organisation of Industrial Finance in India?

A)Industrial Finance Corporation of India
B)Industrial Credit and Investment corporation of India
C)Industrial Development Bank of India
D)Life Insurance Corporation of India

Question 12

Which of the following is not an affiliate of the Reserve Bank of India?

A)Deposit Insurance Corporation
B)Agriculture Refinance Corporation
C)Industrial Development Bank of India
D)Unit Trust of India

Question 13

The National Housing Bank was set up in India as wholly-owned subsidiary of which one of the following?

A)ICICI Bank
B)State Bank of India
C)Reserve Bank of India
D)Life Insurance Corporation of India

Question 14

Which of the following organizations in India is mainly working to meet the credit needs of all types of agricultural and rural development?

A)FCI
B)NABARD
C)IDBI
D)UTI

Question 15

The Industrial Development Banks of India (IDBI) was set up in

A)June 1960
B)July 1964
C)March 1963
D)July 1961

Question 16

The Industrial Reconstruction Corporation of India (IRCI) was set up in

A)1971
B)1961
C)1981
D)1951

Question 17

The Industrial Reconstruction Corporation of India (IRCI) was converted into a statutory corporation called the Industrial Reconstruction Bank of India (IRBI) in

A)March 1982
B)March 1983
C)March 1984
D)March 1985

Question 18

The National Small Industries Corporation (NSIC) was set up by Government of India in

A)1954
B)1955
C)1956
D)1957

Question 19

Changing the role and growth of Financial institutions, in recent years, Select Financial Institutions viz.,IDBI, ICICI Ltd., EXIM Bank, SIDBI and NABARD have been brought under the supervisory purview of the

A)Reserve Bank of India (RBI
B)Securities and Exchange Board of India (SEBI
C)Ministry of Finance
D)All of the above