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 →

51. With reference to the objective of nationalisation of banks, which of the following statements is/are correct? 1) Removal of control by few. 2) Provision of adequate credit to agriculture small industries and exports. 3) Discouraging private sector investment.Asked in MPSC CS Prelims 2012
52. What is the major problem of Regional Rural Banks?Asked in MPSC CS Prelims 2012
53. In the context of RBI, consider the following: 1) Agriculture 2) Small Enterprizes 3) Construction 4) Education Loan Which of the above areas is included in priority sector lending ?Asked in MPSC CS Prelims 2012
54. What is the allotment of districts to various commercial banks for the purpose of rapid branch expansion called as ?Asked in MPSC CS Prelims 2012
55. Banks have to redress customer complaints of ATMs not dispensing cash. What amount do they have to pay as compensation if the default is not corrected even after seven days ?Asked in MPSC CS Prelims 2012
56. Find the correctly matched pairs of Bank and Bank slogans. (a) Punjab National The Name you can Bank Bank Upon (b) Union Bank of Good People to Bank India with (c) HSBC World's Local Bank (d) Bank of Maha‐ One Family One Bank rashtraAsked in MPSC CS Prelims 2021
57. Payment Banks are different from other Commercial Banks in the following ways:Asked in OPSC CS Prelims 2017
58. Nationalisation of banks was done with the purpose of:Asked in OPSC CS Prelims 2018
59. Which Bank was included in the 2024 'Fortune Global 500 List' for the first time?Asked in OPSC CS Prelims 2023
60. Which of the following resulted from Bretton Woods Conference ?Asked in PPSC CS Prelims 2018
61. Which among the following is incorrect with respect to Payment Banks and Small Finance Banks in India?Asked in PPSC CS Prelims 2021
62. Which of the following is not a foreign bank in India ?Asked in PPSC CS Prelims 2021
63. ________ organization slapped fine to the companies for not appointing women directors.Asked in TNPSC CS Prelims 2015
64. Choose the correct statement related to recent Bank mergers in India. (a) Large Banks will be able to borrow more from the market and thereby help the economy revive. (b) Bank merger will lead to increased operational efficiency of the banking sectorAsked in TNPSC CS Prelims 2021
65. In January 2019, Indian Government approved the merger of three Banks. Which of the following does not figure in merger?Asked in TNPSC CS Prelims 2021
66. Consider the Statement and Reason, choose the correct answer from the codes given below. Statement-I (Assertion A): The Ratnakar Bank is referred to as NH4 Bank in the banking circles. Statement-II (Reason R): Majority of the business of the Bank comes from cities in and around NH4, which connects 10 popular cities.Asked in TNPSC CS Prelims 2014
67. The Committee on Financial Sector Reforms 2008, in India was headed by :Asked in UKPSC CS Prelims 2012
68. Which of the following statements regarding Regional Rural Banks (RRB) in India is/are correct ? The basic aim of setting up the RRBs is to develop rural economy. The area of RRBs is limited to a specific region comprising one or more districts. RRBs are sponsored by Commercial Banks. Select the correct answer using the code given below :Asked in UPSC CAPF 2011
69. The Economic Advisory Council to the Prime Minister (PMEAC) in India has recommended phased dilution of Government stake in Public Sector Banks from :Asked in UPSC CAPF 2014
70. The term 'Core Banking Solutions' is sometimes seen in the news. Which of the following statements best describes/ describe this term? 1. It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts. 2. It is an effort to increase RBI's control over commercial banks through computerisation. 3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank. Select the correct answer using the code given below.Asked in UPSC IAS 2016
71. What is the purpose of setting up of Small Finance Banks (SFBs) in India ? To supply credit to small business units To supply credit to small and marginal farmers To encourage young entrepreneurs to set up business particularly in rural areas. Select the correct answer using the code given below:Asked in UPSC IAS 2017
72. Which one of the following best describes the term "Merchant Discount Rate" sometimes seen in news ?Asked in UPSC IAS 2018
73. With reference to the governance of public sector banking in India, consider the following statements : 1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade. 2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected. Which of the statements given above is/are correct ?Asked in UPSC IAS 2018
74. The Service Area Approach was implemented under the purview ofAsked in UPSC IAS 2019
75. Which of the following is not included in the assets of a commercial bank in India?Asked in UPSC IAS 2019