Lender of last resort is:
(A) SBI
(B) IDBI
(C) NABARD
(D) RBI
A lender of last resort is one you go to when you need money urgently and have exhausted all your other options. Banks generally turn to their lender as a last resort when they cannot get the funds they require for their daily business.
The period of Twelfth Five Year Plan is:
(A) From January 1, 2012 to December 31, 2017
(B) From April 1, 2011 to March 31, 2016
(C) From January 1, 2011 to December 31, 2016
(D) From April 1, 2012 to March 31, 2017
In the Twelfth Plan, a target of 8 percent growth has been set for a period of five years i.e. from 2012-13 to 2016-17. With a growth rate of only 5 per cent in the first year and possibly 6.5 per cent in the second year, the growth rate will have to accelerate significantly in subsequent years to achieve an average of 8 per cent over the entire plan period.
In which year was the Imperial Bank formed?
(A) 1930
(B) 1935
(C) 1955
(D) 1921
27 January 1921
Which five year plan had a duration of only four years?
(A) 3rd
(B) 4th
(C) 5th
(D) 7th
The fifth five year plan was for only four years.
In which year was the Minimum Support Price for food grains started:
(A) 1944
(B) 1964
(C) 1974
(D) 1954
The correct answer is 1966. On October 19, 1965, the then Secretary to the Government of India, B. Sivaraman gave formal approval to the committee's proposal. Subsequently, for the first time, in 1966–67, the Minimum Support Price (MSP) of wheat and paddy was fixed.
In India, the interest rate on savings accounts in all nationalized commercial banks is determined by:
(A) Finance Minister of India
(B) Central Finance Commission
(C) Indian Bank Association
(D) Reserve Bank of India
The interest charged on savings account deposits generally ranges from 2.70% to 7.75% per annum.
Which of the following distributes long-term loans to private industry in India?
(A) Food Corporation of India
(B) Life Insurance Corporation of India
(C) Primary Credit Society
(D) Land Development Bank
IFCI: IFCI (Industrial Finance Corporation of India) is the first most developmental financial institution established by the Government of India on July 1, 1948. IFCI is a public sector non-banking financial company. The main objective of IFCI was to provide long-term finance to the manufacturing and industrial sector of the country.
Agriculture should serve as a means of income, livelihood and opportunities for the local community – This statement was given by:
(A) Dr. Madhavan Nair
(B) Dr. Manmohan Singh
(C) Dr. Abdul Kalam
(D) Dr. M.S. Swaminathan
For the first time in India, in 1960-61, a program called Intensive Agriculture District Program was run in 7 selected districts of the country. Pali of Rajasthan was also involved in this. The objective of this program was to provide loans, seeds, fertilizers, tools etc. to the farmers and to create a framework for intensive farming in other areas through central efforts.
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs was the focus of the Brundtland Commission.
(A) Sustainable development
(B) Mitigation
(C) Disaster management
(D) Capacity building
The Brundtland Report clarified the generally accepted definition of sustainable development: "Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs".
SEBI was established by:
(A) 1992
(B) 1980
(C) 1984
(D) 1988
It was established as an executive body on 12 April 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992.
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