The main objectives of the Export-Import Bank (EXIM Bank) are:
(i) to ensure an integrated and coordinated approach to solving the problems of exporters
(ii) to provide special attention to capital goods export and export of technical services
(iii) to tap domestic and overseas markets for resources, undertake development and finance activities in the areas of exports.
(iv) to provide financial assistance to the exporters and importers and act as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports.
(v) to provide refinance facilities to commercial banks and financial institutions against their export-import financing activities
Answer: C
The main objectives of the Export-Import Bank (EXIM Bank) are to ensure an integrated and coordinated approach to solving the problems of exporters, providing special attention to capital goods export and export of technical services, and to tap domestic and overseas markets for resources, undertaking development and financing activities in the areas of exports. The EXIM Bank provides financial assistance to the exporters and importers and acts as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports. It also provides refinance facilities to commercial banks and financial institutions against their export-import financing activities.
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Who works as RBI's agent at places where it has no office of its own?
Answer: A
The State Bank of India works as RBI's agent at places where it has no office of its own.
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When was the General Insurance Corporation of India incorporated?
Answer: B
GIC was formed to control and operate the business of general insurance in India.
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Which of the following bank has launched ‘iwatch’ Banking project?
Answer: C
iwatch’ is a mobile app; available on the apple watch launched by the HDFC bank in April 2015.
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According to which guidelines did the Government pick up the entire SBI shares held by the RBI?
Answer: D
As per the guidelines of the Securities and Exchange Board of India (SEBI), the Government picked up the entire SBI shares held by the RBI at a price of Rs. 1,130.35 a share.
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Who issues one rupee notes in India?
Answer: B
one rupee notes are printed by the Ministry of Finance while other notes are printed by the RBI.
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The performance of which scheme does the National Housing Bank monitor?
Answer: B
The National Housing Bank monitors the performance of the Golden Jubilee Rural Housing Finance Scheme implemented through the scheduled banks of HDFC and the Cooperative Sector Institutions. During 2009-10, 3.9 lakh dwelling units were successfully financed against a target of 3.5 lakh units.
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When was Life Insurance sector nationalised?
Answer: D
Life Insurance Corporation came into existence in 1956.
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If a farmer want to take loan to purchase a tractor; which type of bank he should contact?
Answer: A
Commercial banks and Regional Rural Bank
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When did the Government initiate the process of amalgamation of RRBs in a phased manner?
Answer: A
The Government initiated the process of amalgamation of RRBs in a phased manner with a view to consolidate and strengthen RRBs. 196 RRBs were amalgamated to form 86 new RRBs till March 31, 2009.
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