Banking sector - Money Supply and Banks - MCQs with answers - Part 2
1. Which of the following banks were nationalized in 1980?a. Andhra Bank
b. Vijaya Bank
c. Corporation Bank
d. All the above
View Answer / Hide AnswerANSWER: d. All the above
The other 3 banks are Punjab and Sind Bank, New bank of India and Oriental Bank of Commerce.
i. Post nationalization, banks were supposed to open more branches in rural and semi-urban areas
ii. Banks had to provide credit facilities to areas that come under priority sector.
a. i only
b. ii only
c. both
d. none
View Answer / Hide AnswerANSWER: c. both
Post nationalization, banks were supposed to open more branches in rural and semi-urban areas in order to collect savings from these areas.
i. The lead bank scheme owes its origin to Nariman Committee
ii. Under this scheme, SBI and its subsidiaries only were given the responsibility of development of districts
a. i only
b. ii only
c. both
d. none
View Answer / Hide AnswerANSWER: a. I only
Under this scheme, SBI and its subsidiaries, 14 nationalised banks as well as 3 private banks were given the responsibility of development of districts.
a. Hobli level
b. Taluk level
c. District level
d. All levels
View Answer / Hide AnswerANSWER: c. District level
The SBI and its subsidiaries, 14 nationalised banks as well as 3 private banks were given the responsibility of development of districts.
a. State Bank of Hyderabad
b. State Bank of Mysore
c. State Bank of Patiala
d. All the above
View Answer / Hide AnswerANSWER: d. All the above
SBI has 5 subsidiaries now. The other 2 are State Bank of Bikaner and Jaipur and State Bank of Travancore.
a. Initial paid-up capital should be 200 crore rupees
b. Share of promoters in paid-up capital should not be less than 40%
c. Big corporate houses are not allowed to promote any bank
d. All the above
View Answer / Hide AnswerANSWER: d. All the above
The paid up capital should be increased to 300 crore rupees in 3 years of operation.
a. NBFCs with minimum CAR of 12% and with good track record will be allowed to open private banks
b. New banks have to open minimum 25% of branches in rural and semi-urban areas
c. They have to provide minimum 40%of loans to priority sector
d. All the above
View Answer / Hide AnswerANSWER: d. All the above
New banks are supposed to keep minimum 10% of CAR from the beginning.
a. HDFC Bank Limited
b. YES Bank Limited
c. ICICI Bank Limited
d. All the above
View Answer / Hide AnswerANSWER: b. YES Bank Limited
In 2001, RBI issued a set of guidelines for private sector. Accordingly only 2 banks were given licence then- YES Bank and Kotak Mahindra Bank.
