Class 12 Finance MCQ Chapter 5 Development Financial Institutions 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 5 Development Financial Institutions Question Answer and select need one. Class 12 Finance MCQ Chapter 5 Development Financial Institutions Solutions Download PDF. AHSEC Class 12 Banking Multiple Choice Solutions.
Class 12 Finance MCQ Chapter 5 Development Financial Institutions
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.
Development Financial Institutions
Chapter: 5
| MCQ |
1. Which institution was established as the first development bank in India?
(i) State Financial Corporations.
(ii) State Industrial Development Corporations.
(iii) Industrial Finance Corporation of India.
(iv) National Bank for Agriculture and Rural Development.
Ans: (iii) Industrial Finance Corporation of India.
2. The Industrial Finance Corporation of India (IFCI) was established in which year?
(i) 1951.
(ii) 1948.
(iii) 1960.
(iv) 1982.
Ans: (ii) 1948.
3. Which of the following institutions was established to promote industrial development in India?
(i) NABARD.
(ii) SIDCs.
(iii) IFCI.
(iv) SFCs.
Ans: (iii) IFCI.
4. Which act led to the formation of the Industrial Finance Corporation of India (IFCI)?
(i) Industrial Finance Corporation Act.
(ii) Companies Act, 1956.
(iii) NABARD Act.
(iv) RBI Act.
Ans: (i) Industrial Finance Corporation Act.
5. What was the main objective of the Industrial Finance Corporation of India (IFCI)?
(i) To provide long-term loans to small-scale industries.
(ii) To assist medium and large-scale industries with finance.
(iii) To assist in rural development.
(iv) To promote exports.
Ans: (ii) To assist medium and large-scale industries with finance.
6. Which of the following is NOT a function of the Industrial Finance Corporation of India (IFCI)?
(i) Providing loans to large-scale industries.
(ii) Guaranteeing loans for capital goods.
(iii) Establishing new industrial projects.
(iv) Providing financial services to farmers.
Ans: (iv) Providing financial services to farmers.
7. The State Financial Corporations (SFCs) were established under which act?
(i) Companies Act.
(ii) Banking Regulation Act.
(iii) State Financial Corporations Act.
(iv) Industrial Finance Corporation Act.
Ans: (iii) State Financial Corporations Act.
8. The State Financial Corporations (SFCs) primarily assist which type of industries?
(i) Large-scale industries.
(ii) Micro, small, and medium industries.
(iii) Rural agriculture industries.
(iv) Export-oriented industries.
Ans: (ii) Micro, small, and medium industries.
9. In what year was NABARD established?
(i) 1982.
(ii) 1991.
(iii) 1951.
(iv) 1948.
Ans: (i) 1982.
10. Which of the following is a primary objective of NABARD?
(i) To provide investment credit to small industries.
(ii) To promote large-scale industries.
(iii) To assist in the modernization of existing industries.
(iv) To provide loans to large-scale industries.
Ans: (i) To provide investment credit to small industries.
11. Which of the following is one of NABARD’s credit functions?
(i) Refinance facility.
(ii) Granting loans to multinational companies.
(iii) Providing loans to state governments only.
(iv) Offering loans to large banks only.
Ans: (i) Refinance facility.
12. What is the primary function of the State Industrial Development Corporations (SIDCs)?
(i) Promoting small-scale industries.
(ii) Developing industrial infrastructure.
(iii) Providing loans for large-scale industries.
(iv) Guaranteeing loans to farmers.
Ans: (ii) Developing industrial infrastructure.
13. The Industrial Finance Corporation of India (IFCI) was restructured in 1993 and became a public limited company registered under which act?
(i) Companies Act, 1956.
(ii) Indian Companies Act.
(iii) Industrial Finance Corporation Act.
(iv) Reserve Bank of India Act.
Ans: (i) Companies Act, 1956.
14. Which of the following functions is performed by NABARD as part of its developmental functions?
(i) Promoting integrated rural development.
(ii) Providing direct loans to industrialists.
(iii) Offering refinancing services to private banks.
(iv) Managing urban development projects.
Ans: (i) Promoting integrated rural development.
15. Which organization plays a role in providing venture capital funds to scheduled caste entrepreneurs?
(i) NABARD.
(ii) IFCI.
(iii) SIDCs.
(iv) SFCs.
Ans: (ii) IFCI.
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