Banking And Financial Institutions - Study Mode
[#516] Which one of the following is not the function of the Reserve Bank of lndia?
Correct Answer
(C) Accepting deposits and advancing loans to public
[#517] The Industrial Development Bank of India (IDBI) was established in
Correct Answer
(B) 1 st July, 1964
[#518] Assertion (A): International Finance Corporation (IFC) contributes to increase sustainable agriculture opportunities, improve health and education and increase access to financing for micro finance and business client. Reason (R): The IFC has focused on a set of development goals to ensure that its projects are expected to achieve the target.
Correct Answer
(B) Both (A) and (R) are correct and (R) is the correct explanation of (A)
[#519] Which among the following is not true with regard to merchant banker? 1. It can accept deposits. 2. It can advance loans. 3. It can do other banking activities. 4. It can be managed to a public issue. Select the correct answer:
Correct Answer
(A) 1, 2 and 3
[#520] With a view to encourage newer classes of entrepreneurs and bringing about wider dispersal of ownership and control of industrial undertakings, IDBI operates a special scheme for supplementing the equity contribution to projects made by small and new entrepreneurs. This scheme is known as
Correct Answer
(D) Seed Capital Assistance Scheme