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 →

76. The Chairmen of public sector banks are selected by theAsked in UPSC IAS 2019
77. With reference to the rule/rules imposed by the Reserve Bank of India while treating foreign banks, consider the following statements: There is no minimum capital requirement for wholly owned banking subsidiaries in India. For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals. Which of the statements given above is/are correct ?Asked in UPSC IAS 2024
78. Why were Banks nationalised in India ? 1. To borrow money from USA 2. To follow the IMF guidelines 3. To provide the Government of India more control of credit delivery Select the correct answer using the code given below:Asked in UPSC Combined Section Officer 2024
79. How many private commercial banks were nationalised in 1969 ?Asked in WBPSC CS Prelims 2015
80. Demonitisation of Rs. 500 and Rs. 1000 currency notes was announced onAsked in WBPSC CS Prelims 2020
81. Nationalisation of 14 Commercial Banks took place inAsked in WBPSC CS Prelims 2020
82. The largest Commercial Bank of India isAsked in UPPCS Prelims 2005
83. Which of the following is the most important component of the liabilites of commercial banks in India?Asked in UPPSC Upper Mains 2008
84. Which of the following is the most important component of the liabilities of Commercial Banks in India ?Asked in UPPSC Upper Mains 2009
85. The number of public sector banks in India (excluding State Bank of India Group) is presentlyAsked in UPPSC Upper Mains 2011
86. The percentage of rural branches of all kinds of private, public sector commercial banks including Regional Rural Banks as on 30/06/2012, according to R.B.I, was approximatelyAsked in UPPSC Upper Mains 2012
87. Major Banks (14) were nationalized in the yearAsked in UPPSC Upper Mains 2014
88. This move was aimed at bringing the banking sector under state control to better serve the needs of the Indian economy and society, particularly agriculture and small-scale industries. 91. Consider the following pairs: 1. Allahabad Bank - Kolkata 2. Small Industrial Development Bank of India - Mumbai 3. The Overseas Bank - Chennai Which one of the above pair is not correctly matched?Asked in UPPSC Upper Mains 2014
89. Which one of the following is the largest source of agricultural credit in India in recent years?Asked in UPPSC Upper Mains 2006
90. Which among the following is an asset for a Commercial Bank ?Asked in UPPSC Upper Mains 2007
91. Consider the following statements: The maximum limit of shareholding of Indian promoters in private sector banks in India is 49 per cent of the paid up capital. Foreign Direct Investment up to 49 per cent from all sources is permitted in private sector banks in India under the automatic route. Which to these statements is/are correct?Asked in UPPCS Prelims 2003
92. How many banks were nationalized in India in 1980 ?Asked in MPPSC CS Prelims 2023
93. Impact of bank nationalisation did not include this:Asked in WBCS Main Paper 5 2021
94. In the pre reform period, monetary, fiscal and administrative connection for banking activities wereAsked in WBCS Main Paper 5 2021
95. Bank nationalisation had the following objective:Asked in WBCS Main Paper 5 2021
96. Reducing the concentration of economic power. 99. Maintenance of high statutory liquidity ratio (SLR) was not favoured byAsked in WBCS Main Paper 5 2021
97. Financial Reforms Committee recommended _____ .Asked in WBCS Main Paper 5 2021
98. Priority sector lending by commercial banks ______Asked in WBCS Main Paper 5 2021
99. The year of Bank nationalisation isAsked in WBCS Main Paper 5 2021
100. - The stated objectives included promoting social welfare, controlling credit, providing adequate credit for agriculture and small industry, and encouraging new entrepreneurs. - Indira Gandhi was the Prime Minister at the time. 103. C.R.R. instruments are applicable onAsked in WBCS Main Paper 5 2021