Test: Major Institutions - Bank Exams MCQ

The main function of CRISIL is to evaluate the credit documents of a company. CRISIL (formerly, Credit Rating Information Services of India Limited) is a global analytical company providing ratings, research, and risk and policy advisory services. CRISIL's majority shareholder is Standard & Poor's, a division of McGraw Hill Financial and provider of financial market intelligence.

Small industrial Development Bank of India (SIDBI) is a development financial institution in India, headquartered at Lucknow and having its offices all over the country. Its purpose is to provide refinance facilities and short term lending to industries, and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME) sector. SIDBI also coordinates the functions of institutions engaged in similar activities. It was established on April 2,1990, through an Act of Parliament.

The Bombay Stock Exchange is an Indian stock exchange located at Dalal Street, Mumbai. Established in 1875, the BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first stock exchange.
The Bombay Stock Exchange is the oldest stock exchange in Asia. Its history dates back to 1855, when 22 stockbrokers would gather under banyan trees in front of Mumbai's Town Hall. The location of these meetings changed many times to accommodate an increasing number of brokers. The group eventually moved to Dalal Street in 1874 and became an official organization known as "The Native Share & Stock Brokers Association" in 1875.

IDBI is the apex organisation of industrial finance in India.

National Development Council helps in the implementation of Five-Year plans and helps in the resources of the country being pooled together for uniform development of all regions. It helps in working out common policies in the important spheres of the country's economy and thus, ensure balanced economic development of a country as a whole. The Five-Year plans are finally approved by the National Development Council.

General Insurance Corporation of India, Life Insurance Corporation of India and UTI provide long term finance to industries. Long-term finance can be defined as any financial instrument with maturity exceeding one year (such as bank loans, bonds, leasing and other forms of debt finance), and public and private equity instruments.

In March 1950, Gulzari Lal Nanda joined the Indian Planning Commission as its first Deputy Chairman. In September 1951, he was appointed Planning Minister in the Indian Government. He was also given charge of the portfolios of Irrigation and Power. He was elected to the Lok Sabha from Bombay in the general elections of 1952, and was re-appointed Minister for Planning, Irrigation, and Power.

On July 16, 2019, Department of Telecom (DoT) and the Indian Council for Research on International Economic Relations (ICRIER) signed a Memorandum of Understanding (MoU) to develop a Broadband Readiness Index (BRI) for Indian States and Union Territories (UTs).

The International Confederation of Free Trade Unions (ICFTU) is an international trade union. It came into being on 7th December, 1949, following a split within the World Federation of Trade Unions (WFTU). It was dissolved on 31st October, 2006 when it merged with the World Confederation of Labour (WCL) to form the International Trade Union Confederation (ITUC).

In 2010, the Reserve Bank of India sold its stake in NABARD to the Government of India, which now holds 99% stake. Currently, it owns only 1% stake in NABARD.