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Which of the following made the initial contribution for setting up Financial Inclusion Fund and Financial Inclusion Technology Fund?
  • a)
    Government of India, NABARD, and RBI
  • b)
    SIDBI, Government of India, and IDBI Bank
  • c)
    SIDBI, NABARD, and UTI
  • d)
    NABARD, UTI, and RBI
  • e)
    NABARD, RBI, and SIDBI
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Which of the following made the initial contribution for setting up F...
FIF and FITF were established in the year 2007-2008 over a period of five years. Its Initial corpus was 500 crore and the Contribution of GOI, RBI, and NABARD was in the ratio 40 : 40 : 20.
RBI framed guidelines for both these funds. It merged both funds into a single entity named FIF and came into effect in 2016.
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Direction: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic ____(6)____, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS). The CFS was appointed by the Government of India to examine the ____(7)____ financial system and make recommendations for improving its efficiency so as to more effectively meet the credit needs of ____(8)____. One of the committee’s recommendations to meet this goal was to introduce greater competition into the banking system by ____(9)____ more foreign banks to enter India. It was argued that the entry of additional foreign banks would improve the competitive efficiency of the Indian banking system and induce an ____(10)____ of banking technology.What should come in the place of blank (7)?

Direction: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic ____(6)____, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS). The CFS was appointed by the Government of India to examine the ____(7)____ financial system and make recommendations for improving its efficiency so as to more effectively meet the credit needs of ____(8)____. One of the committee’s recommendations to meet this goal was to introduce greater competition into the banking system by ____(9)____ more foreign banks to enter India. It was argued that the entry of additional foreign banks would improve the competitive efficiency of the Indian banking system and induce an ____(10)____ of banking technology.What should come in the place of blank (9)?

Direction: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic ____(6)____, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS). The CFS was appointed by the Government of India to examine the ____(7)____ financial system and make recommendations for improving its efficiency so as to more effectively meet the credit needs of ____(8)____. One of the committee’s recommendations to meet this goal was to introduce greater competition into the banking system by ____(9)____ more foreign banks to enter India. It was argued that the entry of additional foreign banks would improve the competitive efficiency of the Indian banking system and induce an ____(10)____ of banking technology.What should come in the place of blank (1)?

Direction: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic ____(6)____, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS). The CFS was appointed by the Government of India to examine the ____(7)____ financial system and make recommendations for improving its efficiency so as to more effectively meet the credit needs of ____(8)____. One of the committee’s recommendations to meet this goal was to introduce greater competition into the banking system by ____(9)____ more foreign banks to enter India. It was argued that the entry of additional foreign banks would improve the competitive efficiency of the Indian banking system and induce an ____(10)____ of banking technology.What should come in the place of blank (8)?

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Which of the following made the initial contribution for setting up Financial Inclusion Fund and Financial Inclusion Technology Fund?a)Government of India, NABARD, and RBIb)SIDBI, Government of India, and IDBI Bankc)SIDBI, NABARD, and UTId)NABARD, UTI, and RBIe)NABARD, RBI, and SIDBICorrect answer is option 'A'. Can you explain this answer?
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