Types of Deficits and Fiscal Indicators CDS Questions

CDS Economy

Types of Deficits and Fiscal Indicators MCQ Questions


7.
Which Prime Minister was associated with the nationalisation of 14 banks in 1969?
A.
Lal Bahadur Shastri
B.
Indira Gandhi
C.
Jawaharlal Nehru
D.
Morarji Desai
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ANSWER :
B. Indira Gandhi
8.
Which legislation was used to nationalise the 14 banks in 1969?
A.
Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969
B.
Companies Act, 1956
C.
Banking Regulation Act, 1949
D.
RBI Act, 1934
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ANSWER :
A. Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969
9.
Approximately what share of bank deposits did the 14 banks nationalised in 1969 hold?
A.
About 25 per cent
B.
About 50 per cent
C.
About 85 per cent
D.
About 95 per cent
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ANSWER :
C. About 85 per cent
10.
After the 1980 nationalisation, the Government of India controlled approximately what percentage of the banking business of India?
A.
About 75 per cent
B.
About 50 per cent
C.
About 60 per cent
D.
About 91 per cent
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ANSWER :
D. About 91 per cent
11.
Which of the following was NOT a stated objective of bank nationalisation in India?
A.
Increased flow of credit to agriculture and small industries
B.
Maximising private shareholder profits
C.
Reducing concentration of economic power
D.
Expansion of banking to rural areas
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ANSWER :
B. Maximising private shareholder profits
12.
The Reserve Bank of India, the central bank, was nationalised in which year?
A.
1955
B.
1969
C.
1949
D.
1935
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ANSWER :
C. 1949