Match the items of List – I with List – II : Identify the correct combination : Codes : a b c dList – I List – II a. RBI Nationalization i. 1964 b. Imperial Bank Nationalization ii. 1949 c. Nationalization of 14 Commercial Banks iii. 1955 d. Establishment of IDBI iv. 1969
ii iii iv i
The Reserve Bank of India began operations in 1935 as a shareholders' bank and was nationalised with effect from 1 January 1949 under the Reserve Bank (Transfer to Public Ownership) Act, 1948: a matches with ii.
The Imperial Bank of India was nationalised and converted into the State Bank of India on 1 July 1955 under the State Bank of India Act, 1955, on the recommendation of the All India Rural Credit Survey Committee: b matches with iii.
Fourteen major commercial banks, each with deposits of 50 crore rupees or more, were nationalised on 19 July 1969 (a further six were nationalised in 1980): c matches with iv.
The Industrial Development Bank of India was established on 1 July 1964 as a wholly owned subsidiary of the RBI to act as the apex institution for industrial finance: d matches with i.
The correct code is a-ii, b-iii, c-iv, d-i.
Hence, ii iii iv i.
Similar Questions
Match the items of List - I with List - II in terms of functions of a bank :
List - I List - II (Activities) (Functions) (a) Underwriting (i) Primary Functions (b) Transfer of funds (ii) Granting Advances (c) Overdraft (iii) Utility Functions (d) Recurring Deposits (iv) Agency Functions Codes :
(a) (b) (c) (d)
Interest earned by a depositor against a deposit with a commercial bank for custodial service :
Assertion (A) : Taking of deposits and granting of loans single out banks.
Reasoning (R) : Banks act as intermediaries when they mobilize savings from surplus units to shortage units in order to finance productive activities.
Codes :
The profitability of public-sector banks is low due to
(i) Over-cautions approach to lending
(ii) Reserve Bank Policies
(iii) High Overhead Costs
(iv) Social-sector lending
Identify the correct code :
Codes :
According to the recent guidelines (2013) of the Reserve Bank of India the Private Sector Banks are required to have a minimum paid up equity capital of
According to the FDI Policy of the Government of India (2012), the FDI in banks is limited to
Select the major principles which banks strive to incorporate in their working from the following :
(a) Profitability
(b) Labour welfare
(c) Social welfare
(d) Safety
(e) HRD
(f) Liquidity
Codes :
Important Questions from Commercial Banks
Which of the following banks is the largest commercial bank in India?
Which one of the following is a primary function of commercial banks?
Which of the following is/are function(s) of a commercial bank?
- Accepting deposits
- Giving loans
- Payments and settlements
Imposition of price _______ below the equilibrium price leads to excess _______.
- Which of the following are liabilities of commercial banks ?
I. Capital and reserves
II. Cash and balances with RBI
III. Investments
IV. Borrowings
Codes :
