Development Banks in India

Development Banks in India

University

50 Qs

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Development Banks in India

Development Banks in India

Assessment

Quiz

Other

University

Easy

Created by

Gopal Ji Srivastava

Used 3+ times

FREE Resource

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What are Development Banks in India specialized for?

Providing short-term loans for personal expenses
Offering insurance services for businesses
Development Banks in India are specialized for providing long-term financial assistance and credit for economic development projects.
Facilitating international trade agreements

2.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

When did development banking in India start?

1950
1965
1948
1980

3.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What was the first development bank established in India?

National Bank for Agriculture and Rural Development (NABARD)
State Bank of India (SBI)
Reserve Bank of India (RBI)
Industrial Finance Corporation of India (IFCI)

4.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What is the primary objective of Development Banks?

To provide financial support for economic development projects.
To fund private businesses without oversight.
To provide loans for personal expenses.
To invest in foreign stock markets.

5.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What role do Development Banks play in economic development?

Development Banks play a crucial role in financing projects, supporting small and medium enterprises, and fostering economic stability and growth.
Development Banks only provide grants to large corporations.
Development Banks are mainly involved in international trade agreements.
Development Banks primarily focus on consumer lending.

6.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What are some advantages of Development Banks?

Advantages of Development Banks include long-term financing, lower interest rates, flexible repayment terms, and support for economic development.
Limited support for small businesses
Strict eligibility criteria
High fees for loans

7.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What are the disadvantages faced by Development Banks?

Development Banks have unlimited funding sources.
Development Banks operate with minimal bureaucracy.
Development Banks have low operational costs.
Disadvantages faced by Development Banks include limited funding sources, bureaucratic inefficiencies, high operational costs, and potential political interference.

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