Indian Economy Questions Answers

• 29. Reserve bank of India was established on

  1. 1st April, 1935
  2. 1st April, 1936
  3. 1st April, 1937
  4. 1st April, 1938

  Answer And Explanation

  Answer: Option A

  Explanation:

  Reserve bank of India was established on 1st April, 1935. It was nationalized on 1st January, 1949.

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• 30. Banking regulation act was passed in ?

  1. 1947
  2. 1948
  3. 1949
  4. 1950

  Answer And Explanation

  Answer: Option C

  Explanation:

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• 31. First Regional Rural Bank came into existence in,

  1. 1973
  2. 1974
  3. 1975
  4. 1976

  Answer And Explanation

  Answer: Option C

  Explanation:

  First Rural Bank was established on 2nd Oct 1975.

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• 32. Industrial Development Bank of India (IDBI) established in

  1. 1964
  2. 1965
  3. 1966
  4. 1967

  Answer And Explanation

  Answer: Option A

  Explanation:

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• 33. Industrial Finance Corporation of India (IFCI) was established in :

  1. 1946
  2. 1947
  3. 1948
  4. 1949

  Answer And Explanation

  Answer: Option C

  Explanation:

  Industrial Finance Corporation of India (IFCI) was established in 1948,
  Its main functions are Project Finance and Promotional services.

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• 34. Industrial Credit and Investment Corporation of India (ICICI) was established in :

  1. 1989
  2. 1990
  3. 1991
  4. 1992

  Answer And Explanation

  Answer: Option C

  Explanation:

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• 35. Small Industries Development Bank of India (SIDBI) was established in :

  1. 1986
  2. 1987
  3. 1988
  4. 1989

  Answer And Explanation

  Answer: Option D

  Explanation:

  Small Industries Development Bank of India (SIDBI) was established in 1989. Its main function is to provide assistance to small scale industries through state finance corporations, state industrial development corporations, commercial banks etc.

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