Resource Mobilization MCQ Quiz - Objective Question with Answer for Resource Mobilization - Download Free PDF
Last updated on Apr 11, 2025
Latest Resource Mobilization MCQ Objective Questions
Resource Mobilization Question 1:
Consider the following statements :
(i) SBI lays down the norms for Banking Operations and has the final supporting power
(ii) Development Banks are those financial Institutions which provide long term capital for Industries and Agriculture
(iii) First Development Bank was IFCI
Choose one of the following correct answer :
Answer (Detailed Solution Below)
Resource Mobilization Question 1 Detailed Solution
The correct answer is (i) is correct.
Key Points The correct answer is:
(i) SBI lays down the norms for Banking Operations and has the final supervisory power
Explanation:
(i) State Bank of India (SBI) is a major public sector bank in India, and it plays a significant role in the banking sector. It helps in formulating and laying down the norms for banking operations in the country. Additionally, it has a supervisory role and contributes to the overall regulation of the banking industry.
(ii) The statement is correct. Development banks are financial institutions that provide long-term capital for the development of industries and agriculture. They play a crucial role in promoting economic development by offering financial support for projects with longer gestation periods.
(iii) The statement is incorrect. The first development bank in India was the Industrial Finance Corporation of India (IFCI), not the International Finance Corporation (IFC). IFCI was established in 1948 to provide long-term finance to industrial projects.
Top Resource Mobilization MCQ Objective Questions
Resource Mobilization Question 2:
Consider the following statements :
(i) SBI lays down the norms for Banking Operations and has the final supporting power
(ii) Development Banks are those financial Institutions which provide long term capital for Industries and Agriculture
(iii) First Development Bank was IFCI
Choose one of the following correct answer :
Answer (Detailed Solution Below)
Resource Mobilization Question 2 Detailed Solution
The correct answer is (i) is correct.
Key Points The correct answer is:
(i) SBI lays down the norms for Banking Operations and has the final supervisory power
Explanation:
(i) State Bank of India (SBI) is a major public sector bank in India, and it plays a significant role in the banking sector. It helps in formulating and laying down the norms for banking operations in the country. Additionally, it has a supervisory role and contributes to the overall regulation of the banking industry.
(ii) The statement is correct. Development banks are financial institutions that provide long-term capital for the development of industries and agriculture. They play a crucial role in promoting economic development by offering financial support for projects with longer gestation periods.
(iii) The statement is incorrect. The first development bank in India was the Industrial Finance Corporation of India (IFCI), not the International Finance Corporation (IFC). IFCI was established in 1948 to provide long-term finance to industrial projects.