Indian economy miscellaneous
- Which of the following institution deals with credit to agriculture and rural development ?
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National Bank for Agriculture and Rural Development (NABARD) deals with matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India. It was established on 12 July 1982 by a special Act of parliament for the upliftment of rural India.
Correct Option: C
National Bank for Agriculture and Rural Development (NABARD) deals with matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India. It was established on 12 July 1982 by a special Act of parliament for the upliftment of rural India.
- Corporate loans are given to:
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Corporate loans refers to a loan that is given to a company, rather than to a government organization or an individual person. These loans come in form of working capital finance facilities and term loans and are available to corporate bodies engaged in any legal activity with the object of making profit. Such bodies include the sole proprietorship firm, partnership firm, private limited company or a public limited company.
Correct Option: A
Corporate loans refers to a loan that is given to a company, rather than to a government organization or an individual person. These loans come in form of working capital finance facilities and term loans and are available to corporate bodies engaged in any legal activity with the object of making profit. Such bodies include the sole proprietorship firm, partnership firm, private limited company or a public limited company.
- Which one is not included in NonBanking Financial Institutions (NBFIs)?
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A non-bank financial institution is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NABARD, EXIM, SIDBI are examples of NBFIs. Bank of India (BoI) is a Mumbai-headquartered commercial bank that has been governmentowned since nationalization in 1969.
Correct Option: D
A non-bank financial institution is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NABARD, EXIM, SIDBI are examples of NBFIs. Bank of India (BoI) is a Mumbai-headquartered commercial bank that has been governmentowned since nationalization in 1969.
- What is the name of portal launched by RBI recently to check illegal money collection?
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The Reserve Bank of India (RBI), in August 2016, launched the Sachet portal to curb illegal collection of money by companies. This website will enable public to obtain information regarding entities who accept deposits, lodge complaints and also share information regarding illegal acceptance of deposits.
Correct Option: D
The Reserve Bank of India (RBI), in August 2016, launched the Sachet portal to curb illegal collection of money by companies. This website will enable public to obtain information regarding entities who accept deposits, lodge complaints and also share information regarding illegal acceptance of deposits.
- Which one of the following is not an instrument of Fiscal policy?
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Open market operations (OMO) refers to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system. A central bank (Reserve Bank of India) uses OMO as the primary means of implementing monetary policy.
Correct Option: A
Open market operations (OMO) refers to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system. A central bank (Reserve Bank of India) uses OMO as the primary means of implementing monetary policy.