Class 12 Finance MCQ Chapter 4 Role of the RBI in the Economic Development of India Solutions in English Medium to each chapter is provided in the list so that you can easily browse through different chapters Class 12 Finance MCQ Chapter 4 Role of the RBI in the Economic Development of India Question Answer and select need one. Class 12 Finance MCQ Chapter 4 Role of the RBI in the Economic Development of India Solutions Download PDF. AHSEC Class 12 Banking Multiple Choice Solutions.
Class 12 Finance MCQ Chapter 4 Role of the RBI in the Economic Development of India
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. AHSEC Class 12 Finance Objective Type Solutions are part of All Subject Solutions. Here we have given HS 1st Year Banking Multiple Choice Question and Answer, HS First Year Banking MCQs Solutions for All Chapters, You can practice these here.
Role of the RBI in the Economic Development of India
Chapter: 4
| MCQ |
1. What is the role of the Reserve Bank of India in promoting the banking habit?
(i) Providing licenses to open bank branches in unbanked areas.
(ii) Regulating banking activities to protect customer interests.
(iii) Introducing the Banking Ombudsmen Scheme.
(iv) All of the above.
Ans: (iv) All of the above.
2. Which of the following institutions were supported by RBI for promoting foreign trade?
(i) Export Credit and Guarantee Corporation (ECGC)
(ii) National Bank for Agriculture and Rural Development (NABARD)
(iii) Industrial Finance Corporation of India (IFCI)
(iv) Refinance Corporation for Industry Ltd.
Ans: (i) Export Credit and Guarantee Corporation (ECGC)
3. What is one of the primary objectives of the Reserve Bank of India in promoting agriculture?
(i) Promoting urban industries.
(ii) Providing short-term, medium-term, and long-term credit to the co-operative sector.
(iii) Ensuring export of agricultural products.
(iv) Ensuring credit access to foreign sectors.
Ans: (ii) Providing short-term, medium-term, and long-term credit to the co-operative sector.
4. Which of the following schemes was introduced by RBI to promote agriculture?
(i) Priority Sector Lending.
(ii) Kisan Credit Card.
(iii) Lead Bank Scheme.
(iv) All of the above.
Ans: (iv) All of the above.
5. The Industrial Development Bank of India (IDBI) was established in:
(i) 1948.
(ii) 1957.
(iii) 1964.
(iv) 1975.
Ans: (iii) 1964.
6. The Reserve Bank of India subscribed to 50% of the initial capital of which institution?
(i) Unit Trust of India (UTI).
(ii) Industrial Development Bank of India (IDBI).
(iii) National Bank for Agriculture and Rural Development (NABARD).
(iv) Refinance Corporation for Industry Ltd.
Ans: (i) Unit Trust of India (UTI).
7. Which of the following schemes was introduced to regulate the heavy amount of borrowers?
(i) Credit Authorization Scheme.
(ii) Priority Sector Lending.
(iii) Lead Bank Scheme.
(iv) Industrial Finance Corporation Scheme.
Ans: (i) Credit Authorization Scheme.
8. In which year was the Credit Guarantee Scheme for Small Scale Industries introduced?
(i) 1960.
(ii) 1965.
(iii) 1970.
(iv) 1981.
Ans: (i) 1960.
9. What does the Credit Guarantee Scheme for Small Scale Industries aim to do?
(i) Provide loans to large industries.
(ii) Protect banks against losses for lending to small-scale industries.
(iii) Encourage foreign investment.
(iv) Facilitate export of agricultural products.
Ans: (ii) Protect banks against losses for lending to small-scale industries.
10. Which of the following funds was created by RBI for the purpose of stabilizing loans during calamities?
(i) National Agricultural Credit (Relief and Guarantee) Fund.
(ii) National Rural Credit Fund.
(iii) Credit Guarantee Fund.
(iv) Agricultural Credit Fund.
Ans: (i) National Agricultural Credit (Relief and Guarantee) Fund.
11. The Reserve Bank of India set up the Agricultural Credit Department in:
(i) 1935.
(ii) 1948.
(iii) 1951.
(iv) 1963.
Ans: (i) 1935.
12. Which institution was established by RBI in collaboration with commercial banks and LIC to provide refinance facilities?
(i) Agricultural Refinance and Development Corporation.
(ii) National Bank for Agriculture and Rural Development.
(iii) Industrial Finance Corporation of India.
(iv) Refinance Corporation for Industry Ltd.
Ans: (i) Agricultural Refinance and Development Corporation.
13. Which scheme aims to ensure that credit is supplied in accordance with the planning and reduces monopolistic tendencies?
(i) Credit Guarantee Scheme.
(ii) Credit Authorization Scheme.
(iii) Lead Bank Scheme.
(iv) Priority Sector Lending.
Ans: (ii) Credit Authorization Scheme.
14. The Reserve Bank of India introduced which scheme to address consumer complaints?
(i) Lead Bank Scheme.
(ii) Credit Guarantee Scheme.
(iii) Banking Ombudsmen Scheme.
(iv) Industrial Finance Scheme.
Ans: (iii) Banking Ombudsmen Scheme.
15. What is the main objective of the Priority Sector Lending Scheme?
(i) To finance large-scale industries.
(ii) To increase bank lending to priority sectors like agriculture and small-scale industries.
(iii) To promote export industries.
(iv) To provide long-term loans to industries.
Ans: (ii) To increase bank lending to priority sectors like agriculture and small-scale industries.
Hi! my Name is Parimal Roy. I have completed my Bachelor’s degree in Philosophy (B.A.) from Silapathar General College. Currently, I am working as an HR Manager at Dev Library. It is a website that provides study materials for students from Class 3 to 12, including SCERT and NCERT notes. It also offers resources for BA, B.Com, B.Sc, and Computer Science, along with postgraduate notes. Besides study materials, the website has novels, eBooks, health and finance articles, biographies, quotes, and more.
