UPSC 2006 › Indian Economy › Banking & Financial Sector

2 questions · 2006 · answers as per the UPSC key

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UPSC 2006 · Q30 · Indian Economy › Banking & Financial Sector · Save

Which one of the following Indian banks is not a nationalized bank?

(a) Corporation Bank
(b) Dena Bank
(c) Federal Bank
(d) Vijaya Bank
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Answer: (c) Federal Bank
UPSC 2006 · Q105 · Indian Economy › Banking & Financial Sector · Save

Consider the following statements:

  1. Life Insurance Corporation of India is the oldest insurance company in India.
  2. National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India.
  3. Headquarters of United India Insurance Company Limited are located at Chennai.

Which of the statements given above are correct?

(a) 1, 2 and 3
(b) 1 and 2, only
(c) 2 and 3, only
(d) 1 and 3, only
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Answer: (c) 2 and 3, only