The Poverty Reduction and Growth Facility (PRGF)
Industrial. Reconstruction Bank of India (IRBI)
Industrial Investment Bank of India (IIBI)
Development Financial Institutions (DFI).
Finance Corporation of India (IFCI), Industrial Investment Bank of India (IIBI),
Industrial Credit and Investment Corporation of India (ICICI), Industrial Development Bank of India (IDBI),
Infrastructure Development Finance Company Ltd. (IDFC),Small Industries Development Bank of India (SIDBI),
State Industrial Development Corporations (SIDCs), and State Financial Corporations (SFCs), etc. Since these
institutions provide developmental finance, they are also known as Development Banks or Development Financial Institutions (DFI).
Industrial Finance Corporation of India (IFCI): It is the oldest SFI set up in 1948 with the primary objective of providing long-term and medium-term finance to large industrial enterprises
ICICI – setup in 1955
IDBI – setup in 1964
IIBI – 1997
SIDBI – 1990
LIC – 1956
EXIM bank – 1982
UTI – 1964
Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD) set up by the RBI under the Chairmanship of
Shri B Sivaraman in its report submitted to Governor, Reserve Bank of India on November 28, 1979 recommended the establishment of NABARD. The Parliament through the Act 61 of 81, approved its setting up.
Special Drawing Rights (SDRs) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF)
The term ________ refers to the act of a bank extending finance to the seller against a letter of credit.
Negotiation
Soft Loan Scheme for modernisation is provided by :- IFCI , ICICI , SIDBI
Charitable Trusts – Rajiv Gandhi Foundation
PSU – MTNL ,SAIL, KRC
Mutual Funds – UTI ,ICICI Prudential
Statutory Trusts – Port Trust
Under MIGA(Multilateral Investment Guarantee Agency) the World bank offers various forms of Political Insurance. – True
Commercial Papers are issued by :-Corporates
Investment on a monthly basis and repayment on due date is made in :-Recurring deposit
Issuance of CD attracts reserve requirements.False
State loans are much less liquid than GOI Securities.–True
IDBI was delinked from RBI and it became autonomous in the year :-
1976
One of the leading All India FI is :-SIDBI
The largest member of the IMF is the :-U.S.A.
The foreign currency account maintained by an authorised dealer with its correspondent abroad is :-
Nostro Account
As a banker to the Government, RBI accepts Government deposits at ________% interest.
0
The word ‘ Tranche ‘ is a French word which means :-
A Slice
Size of the Quota depended upon :-GNP
Small Savings – Chit Funds
Gen.Insurance – NICo of India Ltd.
Life Insurance – LIC of India Ltd
Mutual fund -UTI
CPs have to be compulsorily rated. – True
If the Bank allows a finance of Rs 95 against a Bill of Rs 100 the difference of Rs. 5 is known as the
iscount
IIBI (formerly known as IRBI )undertakes :-
Merchant Banking activities , Lease or hire purchase finance , Consultancy & managerial services
The loans under________ are based on Poverty Reduction Strategy Paper.
PRGF
Functions of a Bank’s H.O. include:-
Liaison with RBI , Evolve Policies , Vigilance & Control
DICGC also provides :-
Security to deposits
Insurance of all employees of a Firm – Group Insurance
Premium Throughout Life – Whole Life
Fixed Period Insurance – Endowment
Insurance of ocean Cargo – Marine Insurance
A Cheque is a Negotiable Instrument.-True
Which one of the following is not a deposit account? – Cash Credit account
The ________ does not collect Savings from the Public. – NIICO Ltd.
IMF articles were amended in 1978 to legalise the :- Floating exchange rates
__SDR______ is merely an asset created out of book entries.
Regional Rural Bank – Thane Gramin Bank
Public Sector Bank – Indian Bank
Private Sector Bank – Bank of Rajasthan Ltd
Foreign Bank – CITI BANK
Syndication of Loans Globally does not involve any funds as it is ________ activity.
Non-fund based
Issuance of CD attracts reserve requirements.-False
The repayment holiday period is also known as ________ period.
Moratorium
Zero Coupon Bonds are issued at a
iscount to face value
DICGC does not insure the deposits :-
Of foreign Governments , Of State Cooperative Banks , Of the Central Government
Which one of the following is a Cooperative Bank?
COSMOS BANK
Liabilities of Insurance Cos are mostly :-
Long term
GIC raises funds to meet claims from ________.Premium collected
Issuance of CD attracts reserve requirements.
False
Investment on a monthly basis and repayment on due date
is made in :-Recurring deposit
A current account where the customer can withdraw more
than the balance is :- Overdraft
SIDBI commenced its operations from :-April 2,1990
NABARD – Rural Development
AFC Ltd – Consultancy
HUDCO – Housing
NCDC – Development of Cooperatives
The first long term industrial financing corporation set up in the country was :- -IFCI
The Capital of NABARD is subscribed by World Bank. – False
Financial institutions deal in :-Financial assets
In addition to sugar Industry IFCI has predominantly lent to :-
Textile sector
Other than Tourism, International funds remittances comprise of :-
Donations/Charity , Payments of Salaries , Payments of Royalty
NABARD provides Refinance for Marketing of Crops.-True
R B I conducts monetary control by way of O M O in :-
Treasury bills , State /central Government Securities
Development Financial institutions include :-
State financial institutions
NABARDs Criteria for Refinance covers Technical ________ of the project.
Feasibility
Banks do not invest in the GOI securities .
False
The unorganised financial system comprises of :-
Money lenders , Indigenous bankers , Lending pawn brokers
NHB at present has a ________ Capital of Rs. 350 crores.
Paid-up
One of the objectives of NHB is to augment the ________ resources for the housing sector.
Financial
CRR – Primary reserve requirement
Bankers Bank – Controlling the reserves of commercial banks
Exchange control – FEMA
OMO – Government securities
NABARD was established on the recommendations of :-
CRAFICARD
A member’s IMF Quota determines its :-
Financial commitment , Voting power , Drawing power
Credit Information report is also known as :-
Credit report , Banker’s report , Confidential report
Development financial institutions have been established to cater to ________ of the industrial sector. – Long term financial needs
Tourism promotes :-
Credit Card Business , International remittances , Travellers’ Cheques
Development financial institutions primarily lend to Agriculture sector.
False
The ________ is the apex institution in the field of foreign trade in India.
EXIM bank
Financial markets are the centres that provide facilities for buying and selling of ________.
Financial claims and services
Non bank financial institutions undertake fund and non fund based activities.
True
The CRAFICARD recommended the establishment of ________.NABARD
The price in financial markets is known as ________.
Rate of interest
Gramin banks are State Owned Banks. – True
A credit facility under which a borrower can withdraw up a certain limit subject to availability of adequate security is :-
Cash Credit account
Syndication involves ________ sanction.
In principle
Treasuries could be either those of the :-
Private Sector Cos. , Govt.bodies , PSUs
Treasury Bills are actually a class of :-
Govt.Securities
The ________ regulation makes the banks the largest investor in the GOI securities.
SLR
HDFC was set up by NHB. (by ICICI)
False
Initial Quantum of resources of IMF were contributed by members according to :-
Quotas fixed for members
Most of the Indian PS Banks practice retail banking.
True
The overdraft facility is also known as Cash credit facility.
True
CPs are issued by corporate entities.
True
PFC has been persuading State Governments restructuring of their power sector to make them viable.
True
The organised financial system includes :-
Commercial banks
EXIM Bank provides financial assistance to:-
Indian Companies , Commercial Banks , Foreign Governments
55% of HUDCO loans are earmarked for________& low income groups.
Weaker sections
Financial Services offered by PFC include :-
Term loans , lease finance , Loan Syndication
The currency notes issued by RBI are legal tender everywhere in India without any limit.
True
The unorganised financial system includes :-
Indigenous bankers
Money Markets Satisfy the needs of :-
Short term nature
The financial Assistance provided by the IMF enables member countries to :-
Rebuild resources , Stabilise currencies , Pay for imports
NGOs
CASP, CRY, PLAN
DFI
IDBI, IFCI, ICICI
PSUs
NTPC, NHPC, Coal India
Corporates
RIL, HPCL
CRR and SLR are ________ reserves. – Statutory
SIDBI provides :-
Refinance , Rediscounting of Bills , Financial support to SSIDC
Mutual Funds provide the benefits of ________.
Portfolio management
Syndication involves ________ sanction. — In principle
In addition to IFCI and ________ the Soft Loan Scheme for modernisation is also undertaken by IDBI.
ICICI
NABARD has taken over the entire functions of :-
ARDC , ACD of RBI , RPCD of RBI
Instruments issued by DFIs and Banks carry :-
Highest credit ratings
Other than Tourism, International funds remittances comprise of :-
Donations/Charity , Payments of Salaries , Payments of Royalty
Money Markets Satisfy the needs of :-
Short term nature
Development Financial Institutions provide finance to the needy
Corporates & govt. institutions
NABARD does not provide Refinance for stocking & distribution of Chemical Fertilisers.
False
The SFCs also borrow from SIDBI & IDBI. – True
A major part of the credit of SFCs went to :- SSI units
Mortgage Loans are loans against property. – True
The unorganised financial system includes :-
Indigenous bankers
HDFCs loans were linked up with________.
Planned Savings
Initial Quantum of resources of IMF were contributed by members according to :-
Quotas fixed for members
CPs are issued by corporate entities. – True
EXIM Bank provides financial assistance to:-
Indian Companies , Commercial Banks , Foreign Governments
Functions of R.O. do not cover :-
SLR/CRR maintenance , Liaison with RBI/IBA , Issuing Lending Policy
Inter Bank Call Money Markets – BRs, Call Money Receipts
Money Market Instuments – CP, CD ,T- Bills
Capital Market Instruments – Shares
Debt Market Instruments – GOI Securities ,Bonds
Which of the following statements are not prepared on a daily basis in branch?
Cash Book , Trial Balance , P/L statement
Interest on advances is generally calculated on ________ products.
Daily
IDBI has helped in the establishment of :-
EXIM Bank
Under Project Finance Scheme IDBI provides assistance for :-
New Projects , Renovation , Modernisation
Deposits per depositor per bank are secured by DICGC up to a sum of :-Rs. one lac.
SCICI provides domestic & foreign loans for capital equipment and________ services.
Technical
The main objective of ICICI was :-
To augment export finance in India , To channelise World Bank’s funds to industries in India , To help in building up a Capital Market in India
Functions of NIDHIs include :-
Accepting Deposits , Granting loans , Encourage thrift
IDBI was initially set up as :-
Subsidy of RBI
For its long term operations NABARD raises funds by :-
Floating Bonds in open market , Drawing from the Central Govt. , Drawing from National Rural credit Funds
Financial markets are the centres that provide facilities for buying and selling of ________.
Financial claims and services
IDA does not lend to countries that are not in a position to borrow from IBRD. – False
General insurance policies are generally issued for ________ year.
One
SCICI is a member of the OTCEI. – True
The deposit account offering cheque withdrawal facility is known as :-
Current account
CRR – Primary reserve requirement
Bankers Bank – Controlling the reserves of commercial banks
FEMA – Exchange control
FEMA – Controlling the reserves of commercial banks
The loans of finance companies are generally :-
At high interest , Unsecured , Based on borrowers worth
The apex institution in the field of Industrial Development is :- – IDBI
A member’s IMF Quota determines its :-
Financial commitment , Voting power , Drawing power
CP is a usance promissory note hence it can be negotiated by endorsement & delivery. – True
The objective of ICICI was to assist the
rivate sector
NABARD provides short term refinance for procurement activities also.- True
Period of Holiday Insurance is _Six months or less_.