The Industrial Policy Resolution of 1956 divided industries into how many categories or schedules?
Correct answer C. Three
Subject / 150 questions
Indian Economy and Banking MCQs
Page 6 of Indian Economy and Banking multiple-choice questions with answers. Tap an option to check yourself.
Page 6 of 8
Which Article of the Constitution provides for the Finance Commission?
Correct answer C. Article 280
On which date were 14 major commercial banks nationalised in India?
Correct answer B. 19 July 1969
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In the 1969 nationalisation, banks above what level of deposits were taken over?
Correct answer A. Rs 50 crore
How many banks were nationalised in the second round of nationalisation in 1980?
Correct answer B. Six
The State Bank of India was created in 1955 by taking over which bank?
Correct answer C. Imperial Bank of India
The Imperial Bank of India, formed in 1921, was created by amalgamating which banks?
Correct answer C. The three Presidency Banks of Bengal, Bombay and Madras
Which committee recommended creating the State Bank of India to expand rural credit?
Correct answer A. All India Rural Credit Survey Committee
NABARD was established in 1982 on the recommendation of which committee?
Correct answer C. CRAFICARD, chaired by B. Sivaraman
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Where is the head office of the Small Industries Development Bank of India (SIDBI)?
Correct answer B. Lucknow
The Export-Import Bank of India was established under an Act passed in which year?
Correct answer D. 1981
The National Housing Bank was set up under an Act passed in which year?
Correct answer C. 1987
Which of the following activities is a payments bank NOT allowed to undertake?
Correct answer C. Lending money to customers
The idea of payments banks in India came from which RBI committee?
Correct answer C. Nachiket Mor Committee
On which date did India Post Payments Bank launch its services nationwide?
Correct answer C. 1 September 2018
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Small finance banks must lend what minimum share of their adjusted net bank credit to priority sectors?
Correct answer D. 75 per cent
Who was the first chairman of the Planning Commission of India?
Correct answer B. Jawaharlal Nehru
On which date did NITI Aayog replace the Planning Commission?
Correct answer C. 1 January 2015
Who is the ex officio chairperson of NITI Aayog?
Correct answer D. The Prime Minister
Which body of NITI Aayog includes the Chief Ministers of all states and of Union Territories with legislatures?
Correct answer C. Governing Council