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economics sba raj > 2 monetary policy > Flashcards

2 monetary policy Flashcards

1
Q

what is the source of capital of bank initially

A

the founders and owners

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2
Q

what is the liability of a bank

A

interest

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3
Q

how are the assets of a bank give and take from it

A

in terms of loans and interests

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4
Q

which was the first bank in india

A

bank of hindustan

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5
Q

when was bank of hindustan set up

A

bank of hindustan 1770

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6
Q

which was the first bank operated by indians

A

oudh commercial bank

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7
Q

when was oudh commercial bank setup

A

oudh commercial 1881

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8
Q

which was the first indian indigenous bank

A

punjab national bank

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9
Q

when was punjab national bank setup

A

pnb 1894

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10
Q

how many presidency banks were opened by british

A

3

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11
Q

what were the 3 presidency banks opened in british raj

A

bank of bengal
bank of bombay
bank of madras

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12
Q

when was the bank of calcutta estt

A

1806

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13
Q

when was the bank of bombay estt

A

bombay 1840

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14
Q

when was the bank of madras estt

A

madras 1843

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15
Q

when were the 3 presidential banks merged to form imperial bank of india

A

1921

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16
Q

when was the imperial bank of india partially nationalised

A

in 1955. 60% shares to RBI

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17
Q

when did the ownership of imperial bank of india/state bank thereof transferred to govt of india

A

2008

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18
Q

when did the name change to state bank of india from imperial

A

in 1955 when rbi got it

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19
Q

when did the princely state banks were made subsidiaries of state bank of india

A

1959

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20
Q

what were the princely states bank of india which were made subsidiaries of sbi in 1959

A

bikaner
jaipur
patiala
saurashtra
indore
hyderabad
mysore
travancore

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21
Q

when were the bikaner and jaipur banks merged to form sbbj

A

sbbj1963

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22
Q

which was the first bank to be merged with sbi in the mergers of all subsidiaries and when

A

bank of saurshtra in 2008

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23
Q

when was state bank of indore merged with sbi

A

2010

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24
Q

when were all the subsidiaries of sbi merged with it finally

A

2017 final merger sbi

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25
Q

what are the types of scheduled banks

A

commercial and cooperative

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26
Q

what are the types of commercial banks

A

public sector
foreign
regional rural
payments
small finance
private sector

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27
Q

what are the types of cooperative banks

A

urban
state

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28
Q

what is meant by scheduled banks

A

banks in 2nd schedule of RBI act of 1934

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29
Q

how much of paid up capital needed for scheduled banks

A

5 lakhs

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30
Q

which services can scheduled banks avail from rbi

A

all of them!!!!

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31
Q

how many public sector scheduled banks are there

A

12

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32
Q

how many private sector scheduled banks are there

A

21

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33
Q

how many banks were nationalised in 1969

A

14

34
Q

what was the capital needed by nationalised banks in 1969

A

50 crores

35
Q

when were 6 more banks nationalised after 1969

A

in 1980

36
Q

how much capital was needed for nationalisation in 1980

A

200 crores

37
Q

which bank merged with punjab national bank and when

A

new bank of india in 1993

38
Q

what was the main reason for nationalisation of banks

A

to reach rural areas as politicisation of banks was increasing, and banks were suffering from losses

39
Q

which banks were later merged with pnb to make it the 2nd biggest bank in india

A

oriental bank of commerce and united bank of india

40
Q

which banks were merged with bank of baroda

A

dena bank and vijaya bank

41
Q

which bank was merged with canara bank

A

syndicate bank

42
Q

which banks were merged with union bank of india

A

andhra bank and cooperation bank

43
Q

which bank was merged with indian bank

A

allahbad bank

44
Q

which is the smallest public sector bank in india

A

punjab and sindh

45
Q

benefits of bank merger. MAINS.

A

-increase bank capital to compete (internationally hopefully)
- operating cost reduction
-can give large loans, which increase development of infrastructure and gdp
-modernisation because can invest more in tech
- financial inclusion. rural. tribal.
-less banks. rbi regulation easy
- helps solving NPA

46
Q

challenges faced by banking sector merger. MAINS

A

-opposition by employees
- weak bank affects strong bank negatively. efficiency reduce

47
Q

when did rbi give license to private sector banks

A

1993

48
Q

to how many private sector banks did rbi give license to in 1993

A

10

49
Q

when were 2 additional private sector banks given licences

A

in 2001

50
Q

which private banks were given licenses to in 2013

A

bandhan bank
idfc

51
Q

which committee was formed to give license to private sector banks

A

bimal jalan

52
Q

what are NPAs

A

non performing assts aka bad loans which are in default in arrears or scheduled payment of interest principle

53
Q

what is the minimum paid up capital for private sector banks

A

1000 cr

54
Q

how much experience is req for private sector bank license

A

10 year banking experience

55
Q

how much branches needed to be opened in rural areas in conditions for a private bank license

A

25%

56
Q

how were the private bank license system changed in 2016

A

an on top licensing system accepted where one can apply for banking license at any time

57
Q

who gives permission to foreign banks to function in india

A

RBI

58
Q

how many foreign banks are in india

A

46

59
Q

when was the first time that regional rural banks were opened in india

A

2 october 1975, 5 RRBs opened

60
Q

when was the RRB act passed

A

1976

61
Q

what are the objectives of RRBs

A

1 promote and provide bank facilities in rural areas
2 promote financial inclusion
3 remove regional imbalance

62
Q

in which states there are no RRBs

A

sikkim and goa

63
Q

RRBs are joint ventures of

A

central government, state govt and commercial bank

64
Q

what is the share of central, state govt and commercial bank

A

cg 50%
sg 15%
bank 35%

65
Q

what was the reason for RRBs to fall from 200 to only 43 now

A

they facing huge losses started merging

66
Q

when was the RCDF estt

A

1977

67
Q

what are cooperative banks

A

banks controlled by members who are also customers of the bank

68
Q

principles of cooperative banks

A

cooperation
democratic control
open membership
professional management

69
Q

which type of banks are land development banks (LDBs)

A

long term loan state cooperative banks

70
Q

which type of banks are primary land development banks (PLDBs)

A

long term loan state cooperative banks

71
Q

what type of banks are apex banks

A

short term loan state level cooperative banks

72
Q

example of district level short term loan cooperative banks

A

distt central cooperative banks

73
Q

what are the local level short term loan cooperative banks?

A

primary agriculture credit society (PACS)

74
Q

examples of long term loan state cooperative banks

A

LDB and PLDB

75
Q

who regulates urban cooperative banks

A

RBI

76
Q

since when are urban cooperative banks being regulated by RBI

A

since 2020 amendment of BRA

77
Q

when was the first banking regulation act?

A

1949

in J&K since 1956

78
Q

state cooperatives banks are estt through which laws?

A

laws of the state

79
Q

who regulates state cooperative banks?

A

RBI and state govt

80
Q

which bank refinances cooperative state banks

A

NABARD
technically they are also regulators of state cooperative banks

81
Q

what is the full form of NABARD and when was it estt

A

national bank for agriculture and rural development.
1982

economics sba raj (2 decks)

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