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RRB ALP – Paper
Important National Organizations Quiz 03
Question
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Q1. Small industries development bank of India (SIDBI) was established –
A.
Under the private sector
B.
By State Bank of India
C.
Under an Act of Parliament
D.
By Reserve Bank of India
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
SIDBI was established on April 2, 1990, under an Act of Parliament as a statutory body.
Q2. Which of the following is the apex regulatory body in India for overall regulation and licensing of microfinance institutions in India?
A.
SEBI
B.
RBI
C.
TRAI
D.
SIDBI
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The RBI is the regulator for microfinance institutions that are registered as NBFCs.
Q3. Full form of SIDBI is ____
A.
Social and Industrial Bureau of India
B.
Small Industries Development Bank of India
C.
Security and Infrastructure Development Board of India
D.
Small Industries Development Bureau of India
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
SIDBI is the principal financial institution for the promotion and development of the MSME sector.
Q4. Small Industries Development Bank of India (SIDBI) was established in which year?
A.
1980
B.
1988
C.
1990
D.
1994
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
SIDBI commenced its operations on April 2, 1990.
Q5. The headquarters of the SIDBI is located in which city?
A.
Kanpur
B.
Delhi
C.
Mumbai
D.
Lucknow
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
Unlike many financial institutions in Mumbai, SIDBI is headquartered in Lucknow, Uttar Pradesh.
Q6. National Housing Bank in India was established as a fully owned subsidiary of which of the following
A.
State Bank of India
B.
Reserve Bank of India
C.
ICICI Bank
D.
Life Insurance Corporation of India
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
NHB was set up as a wholly-owned subsidiary of RBI, though the government later took over the stake.
Q7. National Housing Bank was set up in the year:
A.
1984
B.
1985
C.
1988
D.
1994
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
The NHB was established on July 9, 1988, under the National Housing Bank Act, 1987.
Q8. NABARD stands for:
A.
National Bank and Association for Rural Development
B.
National Association for Banking and Rural Development
C.
National Bank for Agriculture and Rural Development
D.
National agricultural Bank for Regional Development
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
NABARD is the apex development finance institution for agricultural and rural credit.
Q9. Headquarter of NABARD is in:
A.
New Delhi
B.
Chennai
C.
Mumbai
D.
Kanpur
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
The head office of NABARD is located in Mumbai, Maharashtra.
Q10. Which bank gives long term loan to farmers?
A.
NABARD
B.
Land development bank
C.
RBI
D.
Rural bank
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
Land Development Banks (LDBs) provide long-term credit to farmers for land improvements and machinery.
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