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Financial Institutions are an important segment of the financial system of any country as they provide medium to Long-term finance to different sectors of the economy. Which of the following can be termed as specialised bank/s in India?<br>1. EXIM Bank<br>2. NABARD<br>3. RBI<br>4. NHB<br>5. SIDBI<br>6. ICICI

Correct Answer: All of the above

Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.

Which of the following statements are true in context of Development Financial Institutions (DFls) in few years after economic reforms in 1991?
1. DFls such ICICI, IDBI and IFCI had a huge pile of bad loans.
2. DFls no longer had access to low-cost long-term funds from the government or the central bank to finance large infrastructure projects. They were forced to borrow at higher rates from the market.
3. Banks began financing infrastructure projects, that was actually out of their mandate.
4. RBI established a committee under S. H. Khan for transition of DFIs into universal banks.
5. ICICI Bank and IDBI went for reverse merger in a quest to create Universal Banks.

Which of the following statements are true/ false?
1. In the market economy, the prices are determined by the level of demand and supply in the market.
2. Mixed economy is an economic system in which both the private and public sector have equal roles to play.
3. Planned economy is also known as a centralised economy, controlled economy or command economy.
4. In the market economy, governments do not have much role to play.

Defining green banking is relatively easy. It means promoting environment -friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms : using online banking instead of branch banking; paying bills online, opening up CDs (certificates of deposit) and money market accounts at online banks instead of large multi-branch banks. A green bank takes the biggest steps to support local green initiatives. Any combination of the above personal banking practices can help the environment. In this respect, online banks and smaller community banks have better track records than larger banks .However, these larger banks may be induced to go green . According to the passage, larger, multi -branch banks .

Which of the following statements are true in context of Statutory Liquidity Ratio (SLR)?
1. They are regulated under Banking Regulation Act 1949.
2. It is mandatory for all scheduled commercial banks, local area banks, Primary (Urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks in India to maintain the SLR.
3. Banks get a return on SLR.

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form acoherent paragraph.
P- The aim must be to ensure that our country does not experience either paucity or a-surfeit of trained manpower in any specific segment of our economy.
Q- When we set about the task of higher education, we should be absolutely clear in our perception of the goals of education in the specific context of our nations
development.
R- No doubt, one of the important aims of education would be to create the required range and nature of trained manpower assessed to be needed by different
sectors of national growth.
S- The entire educational apparatus must be geared progressively to fulfill the requirements of different phases of our growth in every sector primary, secondary and
tertiary.

Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statements : Government has spoiled many top ranking financial institutions by appointing bureaucrats as Directors of these institutions.

Conclusions :
I. Government should appoint Directors of the financial institutes taking into consideration the expertise of the person in the area of finance.
II. The Director of the financial institute should have expertise commensurate with the financial work carried out by the institute.

Statements : Government has spoiled many top ranking financial institutions by appointing bureaucrats as Directors of these institutions. Conclusions : a) Government should appoint Directors of the financial institutes taking into consideration the expertise of the person in the area of finance.
b) The Director of the financial institute should have expertise commensurate with the financial work carried out by the institute.

What is the general nature of the specialised agencies of the UN?
1. Most of the states are the members of these specialized agencies.
2. All the specialised agencies have been brought in relationship with the UN thought special agreements.
3. Each specialised agency has a Constitution or Charter of its own which describes the duties, functions, constitution, etc. of the organisation.
Which of the statements given above is/are correct?

Statement : Many private sector banks have reduced interest rate on housing loans in comparison to public sector banks.

Courses of Action :
I. The case should be raised before the regulatory authority for investigation by the public sector banks as they cannot follow such reduction.
II. Public sector banks must adopt such policy to remain in competition.
III. The public sector banks should advertise their special feature repeatedly so that they do not lose their future customers.