Economic Development questions with answers

3,293 multiple-choice questions. Open any question for its answer and explanation.

Questions asked in State PSC and UPSC prelims, by topic. Each topic also has notes to read.

Read the notes: Money & Banking →

26. Consider the following statements and state which is/are correct? 1. The sub-prime crisis which hit the U.S. economy was caused by sudden increase in oil prices. 2. The crisis ld to default in home-loan repayment. 3. It led to failure of some U.S. banks. 4. Sub prime crisis caused crash in Indian Stock Market. Choose your answer from given code. Codes:Asked in UPPCS Prelims 2010
27. With what sujbect is Raghuram Rajan Committee connected ?Asked in UPPSC Upper Mains 2007
28. Which of the following committees examined and suggested Financial Sector Reforms?Asked in UPPCS Prelims 2001
29. Which one of the following represents capital adequacy ratio for Commercial Banks?Asked in WBCS Main Paper 5 2022
30. Which of the following statements is correct?Asked in WBCS Main Paper 5 2022
31. Which of the following is not a recommendation of the Narasimham Committee (1998)?Asked in WBCS Main Paper 5 2023
32. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act passed in the yearAsked in westbengal/WBCS Main 2019 Paper 5 2019
33. The Act enables banks and financial institutions to recover their Non-Performing Assets (NPAs) without the intervention of the Court by taking over the management of the secured assets of the borrower or by selling the secured assets. 34. On which bank the RBI has slapped Rs. 1 crore penalty for not monitoring the end use of funds in respect of one of its borrowers?Asked in westbengal/WBCS Main 2019 Paper 5 2019
34. Who is the chairman of the committee on the 'Resolution Framework for COVID-19 related Stress' constituted by Reserve Bank of India?Asked in acf 2019
35. The Prevention of Money Laundering Act, 2002 become effective since which one of the following dates ? A) July 2002 B) August 2003 C) July 2004 D) July 2005Asked in Assistant Accountant 2012
36. Which of the following Committee was not related to the consolidation of Public Sector Banks? A) Narasimhan Committee B) Leeladhar Committee C) Rangarajan Committee D) Nayak CommitteeAsked in Civil Judge 2022
37. Which of the following with regard to the term 'bank run' is correct?Asked in UPSC CDS 2 2016
38. Which one of the following is considered as an agency function of commercial banks in India ?Asked in UPSC CDS 2 2022
39. State Bank of India was established by which of the following Committee's recommendation ?Asked in GPSC Prelims CSP 2 2017
40. As per the latest guidelines of RBI for Minor persons to open bank accountsAsked in GPSC Prelims CSP 2 2017
41. Which of the following statements are correct regarding Regional Rural Banks (RRBs)? 1. They are statutory bodies established under Regional Rural Bank Act, 1976 2. The first Regional Rural Bank "Prathama Grameen Bank" was set up on 2nd October, 1975 3. RRBs must follow priority sector lending norms at par with the commercial bankAsked in GPSC Prelims CSP 2 2019
42. The basic aim of Lead Bank Scheme is that ____________.Asked in GPSC Prelims CSP 2 2019
43. Which of the following Chinese bank got permission to offer regular services in India from RBI?Asked in GPSC Prelims CSP 2 2019
44. Which of the following pairs are incorrectly matched regarding merger of various Public Sector Banks? Anchor bank Amalgamation Banks 1. Punjab Nation‐ – Oriental Bank of Comal Bank merce – Corporation Bank and 2. Indian Bank Allahabad Bank – Syndicate Bank and 3. Andhra Bank Canara Bank 4. Union Bank – United Bank of IndiaAsked in GPSC Prelims CSP 2 2019
45. Which of the following statements is/are correct regarding Payments banks?Asked in GPSC Prelims CSP 2 2021
46. RBI cancels the licence of a bank due to which of the following reasons? 1. The bank does not have adequate capital and earning prospects. 2. The bank has failed to comply with the requirements of Banking Regulation Act, 1949. 3. The bank with its present financial position would be unable to pay its present depositors in full. 4. Public interest would be adversely affected if the bank is allowed to carry on its banking business any further. Select the correct answer code:Asked in GPSC Prelims CSP 2 2023
47. The maximum limit of Foreign Direct Investment (FDI) in public sector banking is :Asked in HPPSC HPAS Prelims 2011
48. Consider the following statements: 1. Commercial Banks 2. Cooperative Banks Which of the statements given above is/are correct?Asked in KPSC KAS Prelims 2014
49. Recently the Union Government announced the merger of Syndicate Bank with Canara Bank and Corporation Bank with Union Bank of India. In this background, which of the following is not correct ?Asked in KPSC KAS Prelims 2017
50. When was the State Bank of India established?Asked in MPPSC CS Prelims 2017