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Banking, Currency Mcq Questions

General Knowledge
13. What is NABARD's primary role?
 
  • A. To act as refinance institution
  • B. To provide term loans to State Cooperative Banks
  • C. To assist State Government for share capital contribution
  • D. All of the above
Answer: B.
To provide term loans to State Cooperative Banks
 
14. What is Schedule Bank?
 
  • A. A bank is having Rs. 10 crore deposits
  • B. A bank included in the Second Schedule of RBI Act
  • C. A bank having Rs. 100 crore deposits
  • D. A bank having Rs. 1000 crore deposits
Answer: B.
A bank included in the Second Schedule of RBI Act
 
 
15. India nationalised 14 major commercial banks in 1969 with deposits not less than
 
  • A. Rs. 50 crores
  • B. Rs. 100 crores
  • C. Rs. 125 crores
  • D. Rs. 200 crores
Answer: A.
Rs. 50 crores
 
16. Credit Rationing in India is done by
 
  • A. RBI
  • B. SBI
  • C. UTI
  • D. LIC
Answer: A.
RBI