General Awareness Quiz 15 for SBI & IBPS exams
1 . | ICICI was set up as a joint stock company in | A. 1955 | B. 1960 | C. 1965 | D. 1970 | | Answer & Explanation Answer : Option A | | Explanation : | | | | | | | | 2 . | The public-cum right issue of Capital by ICICI was in | A. 1991 | B. 1993 | C. 1996 | D. 2000 | | Answer & Explanation Answer : Option A | | Explanation : | | | | | | | | 3 . | Recently which financial institutions has granted assistance for technology upgradation and modernisation of balancing equipment out of World Bank's lines of credit | A. Allahabad Bank | B. ICICI Bank | C. Central Bank | D. Bank of India | | Answer & Explanation Answer : Option B | | Explanation : | | | | | | | | 4 . | The Industrial Reconstruction Corporation of India Ltd. was set up in | A. 1980 | B. 1983 | C. 1985 | D. 1989 | | Answer & Explanation Answer : Option A | | Explanation : | | | | | | | | 5 . | The Industrial Reconstruction Corporation of India was renamed as the Industrial Reconstruction Bank of India by an Act of Parliament with effect from March 20, | A. 1971 | B. 1979 | C. 1976 | D. 1980 | | Answer & Explanation Answer : Option B | | Explanation : | | | | | | | | 6 . | The Industrial Reconstruction Bank of India itself was renamed as Industrial Investment Bank of India in March | A. 1990 | B. 1997 | C. 1999 | D. 2000 | | Answer & Explanation Answer : Option B | | Explanation : | | | | | | | | 7 . | The Tamil Nadu Industrial Investment Corporationwas set up as a joint stock company in | A. 1949 | B. 1952 | C. 1964 | D. 1969 | | Answer & Explanation Answer : Option A | | Explanation : | | | | | | | | 8 . | All the State Financial Corporations except the Tamil Nadu Industrial Investment Corporation, have been set upunder the State Financial Corporation Act of | A. 1949 | B. 1951 | C. 1956 | D. 1960 | | Answer & Explanation Answer : Option B | | Explanation : | | | | | | | | 9 . | Which of the following is not the function of Industrial Investment Bank of India? | A. to act as an agent of Central and State Governments, Reserve Bank, State Bank, Scheduled Commercial and State Co-operative Banks, Public FinancialInstitutions, SFCs etc. | B. to underwrite stocks, shares, bonds and debentures | C. to underwrite loans deferred payments and performance obligations of any contracts undertaken by industrial concerns | D. to grant loans and advances to industrial concerns. | | Answer & Explanation Answer : Option C | | Explanation : | | | | | | | | 10 . | The maximum amount that can be sanctioned to an industrial concern of SFC is | A. Rs. 50 lakhs | B. Rs. 60 lakhs | C. Rs. 75 lakhs | D. Rs. 1 crore | | Answer & Explanation Answer : Option B | | Explanation : | | | | | | | | |
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