UPSC 1995 › Indian Economy › Banking & Financial Sector

3 questions · 1995 · answers as per the UPSC key

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All years of Banking & Financial Sector · Full UPSC 1995 paper
UPSC 1995 · Q27 · Indian Economy › Banking & Financial Sector · Save

As part of the liberalisation programme and with a view to attracting foreign exchange, the Government and the RBI have devised two schemes known as FCNR-‘A’ and FCNR-‘B’.

Which of the following is/are true regarding these two schemes? I. Under scheme ‘A’ RBI bears exchange rate fluctuations. II. Under scheme ‘B’, other banks are to meet out the difference in exchange rate fluctuations. III. Both the schemes stand withdrawn now. IV. Only scheme ‘A’ has been withdrawn.

Select the correct answer from the codes given below:

(a) III only
(b) I and II
(c) I, II and III
(d) I, II and IV
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Answer: (d) I, II and IV
UPSC 1995 · Q64 · Indian Economy › Banking & Financial Sector · Save

The Narasimham Committee for Financial Sector Reforms has suggested reduction in

(a) SLR and CRR
(b) SLR, CRR and Priority Sector Financing
(c) SLR and financing to capital goods sector
(d) CRR, Priority Sector Financing and financing to capital goods sector
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Answer: (b) SLR, CRR and Priority Sector Financing
UPSC 1995 · Q97 · Indian Economy › Banking & Financial Sector · Save

Consider the following:

I. Industrial Finance Corporation of India II. Industrial Credit and Investment Corporation of India III. Industrial Development Bank of India IV. Unit Trust of India The correct sequence in which the above was established is

(a) I, II, IV, III
(b) I, III, II, IV
(c) IV, III, II, I
(d) I, IV, III, II
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Answer: (a) I, II, IV, III