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B Com Exam  >  B Com Tests  >  Test: Development Banks - B Com MCQ

Test: Development Banks - B Com MCQ


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10 Questions MCQ Test - Test: Development Banks

Test: Development Banks for B Com 2024 is part of B Com preparation. The Test: Development Banks questions and answers have been prepared according to the B Com exam syllabus.The Test: Development Banks MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Development Banks below.
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Test: Development Banks - Question 1
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What is the main objective of development banks?

Detailed Solution for Test: Development Banks - Question 1
The main objective of development banks is to promote industrial growth and development. They provide financial assistance for both public and private sector industries, support infrastructure development, and encourage employment opportunities, among other objectives.
Test: Development Banks - Question 2
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Which institution was set up in India to provide medium and long-term loans to small-scale industries (SSI)?

Detailed Solution for Test: Development Banks - Question 2
The Small Industries Development Bank of India (SIDBI) was set up in India to provide medium and long-term loans to small-scale industries (SSI) units. It plays a crucial role in promoting and developing the small-scale sector in the country.
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Test: Development Banks - Question 3
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Which development bank is responsible for promoting foreign trade in India?

Detailed Solution for Test: Development Banks - Question 3
The Export-Import Bank of India (EXIM Bank) is responsible for promoting foreign trade in India. It provides medium and long-term loans to exporters and importers, facilitates overseas buyers' credit, and encourages foreign banks to finance the purchase of Indian capital goods.
Test: Development Banks - Question 4
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Which development bank promotes and develops large-scale industries in India?
Detailed Solution for Test: Development Banks - Question 4
The Industrial Development Bank of India (IDBI) promotes and develops large-scale industries in India. It provides medium and long-term finance to the corporate sector and offers merchant banking services, project reports, and feasibility studies.
Test: Development Banks - Question 5
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Which development bank helps in the development of agriculture and rural areas in India?
Detailed Solution for Test: Development Banks - Question 5
The National Bank for Agriculture and Rural Development (NABARD) helps in the development of agriculture and rural areas in India. It provides refinance to banks that offer credit to the agriculture sector and coordinates the working of financial institutions involved in rural development.
Test: Development Banks - Question 6
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Which development bank was established to provide financial assistance to sick industrial units?
Detailed Solution for Test: Development Banks - Question 6
The Industrial Investment Bank of India (IIBI) was established to provide financial assistance to sick industrial units. It helps in the revival, modernization, and restructuring of these units by providing credit and other services.
Test: Development Banks - Question 7
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Which development bank provides finance for the development of the housing sector in India?
Detailed Solution for Test: Development Banks - Question 7
The National Housing Bank (NHB) provides finance for the development of the housing sector in India. It promotes and develops housing and financial institutions, refinances banks offering credit to the housing sector, and plays a crucial role in the growth of the housing market.
Test: Development Banks - Question 8
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Which development bank facilitates entrepreneurship development in India?
Detailed Solution for Test: Development Banks - Question 8
The Small Industries Development Bank of India (SIDBI) facilitates entrepreneurship development in India. It provides training and financial assistance to small-scale industries (SSI) units, helping them develop leadership and business management skills.
Test: Development Banks - Question 9
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Which development bank assists in the growth of capital markets in India?
Detailed Solution for Test: Development Banks - Question 9
The Industrial Development Bank of India (IDBI) assists in the growth of capital markets in India. It invests in equity shares, debentures, and mutual funds of various companies listed in India, contributing to the overall development of the capital market.
Test: Development Banks - Question 10
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Which development bank focuses on the review and revival of sick industrial units in India?
Detailed Solution for Test: Development Banks - Question 10
The Industrial Investment Bank of India (IIBI) focuses on the review and revival of sick industrial units in India. It provides credit and other services to facilitate the modernization, restructuring, and diversification of these units, helping them overcome their financial challenges.
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