UPSC 2004 › Indian Economy › Banking & Financial Sector

2 questions · 2004 · answers as per the UPSC key

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UPSC 2004 · Q47 · Indian Economy › Banking & Financial Sector · Save

Consider the following statements:

  1. The National Housing Bank, the apex institution of housing finance in India, was set up as a wholly-owned subsidiary of the Reserve Bank of India.
  2. The Small Industries Development Bank of India was established as a wholly-owned subsidiary of the Industrial Development Bank of India.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (c) Both 1 and 2
UPSC 2004 · Q130 · Indian Economy › Banking & Financial Sector · Save

Consider the following statements:

  1. Reserve Bank of India was nationalized on 26 January 1950.
  2. The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance.

Which of these statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (d) Neither 1 nor 2