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Econ:Banking > Banking part 1 :history > Flashcards

Banking part 1 :history Flashcards

1
Q

Explain SBI formation

A

qew

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2
Q

Explain the main three banking reforms in Pre independent India

A

qwe

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3
Q

Which prominent Indian freedom fighter helped set up PNB

A

Lala Lajpat Rai

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4
Q

Who was the first RBI governor

A

Sir Osbourne smith

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5
Q

Who was the first Indian RBI governor

A

Cd Deshmukh

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6
Q

Achievements of CD Deshmukh

A

2nd finance minister of free India+ attended Bretton Woods

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7
Q

What was the initial shareholding pattern of rbi

A

Only 4 percent with government, rest private

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8
Q

When was RBI nationalised

A

1948

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9
Q

When did the RBI get it’s regulatory powers

A

Bra 49

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10
Q

Explain rbi’s role as banker

A

eqw

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11
Q

Who are the official directors of rbi

A

Gov+ 4 deputy governors

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12
Q

How many deputy governors can RBI have?

A

Not more than 4 as per RBI act

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13
Q

Who are the non official directors of rbi

A

(Goi: officials and nominees)+ 4 RBI local board directors

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14
Q

What is the term of deputy governors of rbi

A

3 years

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15
Q

Can a deputy governor of rbi be reappointed?

A

Yes

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16
Q

How RBI Dy governors are appointed

A

qew

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17
Q

Who enforces RBI directives/who you can complain to?

A

Enforcement department, earlier you had to complain to individual departments

18
Q

What are the 2 conditions for becoming scheduled commercial banks

A

Paid up capital+ reserves = > 5 lakh and RBI should be satisfied

19
Q

Explain the difference between scheduled and non scheduled commercial banks wrt the following?:- crr, MSF/laf, protecting depositors interest,

A

Scheduled: CRR with RBI Non scheduled?:- CRR wth itself

Non scheduled:- RBI may not allow MSF/LAF

Depositors interest are protected under BRA 49 in Non scheduled commercial banks also.

20
Q

What are the 2 main problems for a non scheduled commercial Bank?

A

RBI approval for everything + because nobody trusts, cheque clearing houses don’t give automatic membership

21
Q

6 points total: timeline for SBI, LiC, GIC, RBI, Bank nationalisation

A

qwe

22
Q

What is old private bank?

A

qwe

23
Q

When were all the random state banks merged with sbi

A

2017

24
Q

When Bharatiya mahila Bank was created

A

2013

25
Q

When Bharatiya mahila Bank was merged with sbi, was it nationalisation?

A

2017, no coz already 100 percent goi

26
Q

Which two banks were merged with Bank of Baroda recently

A

Vijaya and Dena

27
Q

What Bharatiya mahila Bank has specially for women

A
28
Q

Who looks after mergers of banks?

A

Alternate mechanism panel under finance minister recommends to cabinet. DoFS is coordinator

29
Q

Two points for pro merger?

A

Synergy, easier Basel 3 compliance

30
Q

When was UTI privatised

A

2007

31
Q

When was IDBI set up and as what?

A

1964 as a DFI

32
Q

Which committee recommended abolition of DFI and when was IDBI made PSB

A

Narasimham 2 2004

33
Q

Which committee recommended government exit from smaller PSBs and when?

A

PJ Nayak 2014

34
Q

When was IDBI privatised and to whom?

A

2016, Lic, 2019:- LiC sold

35
Q

What are general arguments against privatisation?

A

qwe

36
Q

Where do bandhan and idfc get their licensee from

A

Bra 49

37
Q

What is idfc

A

Mumbai based power infra nbfc

38
Q

Bandhan and idfc set up on whose recommendations

A

Bimal jalan

39
Q

Explain new private banks with the three phases

A

qwe

40
Q

Explain on tap licence, who can apply? , Eligibility, obligation,

A

qwe

41
Q

Whom to apply to for on tap licence?

A

Standing external advisory committee of rbi

Econ:Banking (4 decks)

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