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IBPS Clerk Financial Institutions — practice questions

Explore 66 free Financial Institutions questions in IBPS Clerk Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Financial Institutions questions and exercises with answers

Showing questions 1–30 of 66.

The Lead Bank Scheme traces its origin to the study group headed by:Read the answer and worked solution →The Gadgil Study Group recommended the adoption of an:Read the answer and worked solution →Which committee endorsed the area approach in November 1969?Read the answer and worked solution →The Lead Bank Scheme was introduced by the Reserve Bank in:Read the answer and worked solution →Under the scheme, one bank is given lead responsibility for a:Read the answer and worked solution →Which forum works at the block level under the scheme?Read the answer and worked solution →The Block Level Bankers Committee is chaired by the:Read the answer and worked solution →Block Level Bankers Committee meetings are held:Read the answer and worked solution →Who from NABARD must attend every block committee meeting?Read the answer and worked solution →The Reserve Bank is represented at block meetings by the:Read the answer and worked solution →Panchayat Samiti representatives attend block meetings:Read the answer and worked solution →District Consultative Committees were constituted in the:Read the answer and worked solution →The District Consultative Committee is chaired by the:Read the answer and worked solution →Who convenes the District Consultative Committee meetings?Read the answer and worked solution →District Consultative Committee meetings are convened:Read the answer and worked solution →The District Consultative Committee gives feedback to the:Read the answer and worked solution →District Level Review Committee meetings are chaired by the:Read the answer and worked solution →Which public representatives are invited to the district review forum?Read the answer and worked solution →The State Level Bankers Committee was constituted in:Read the answer and worked solution →The State Level Bankers Committee is chaired by the head of the:Read the answer and worked solution →State Level Bankers Committee meetings are held on a basis that is:Read the answer and worked solution →The state committee is co-chaired by the Additional Chief Secretary or:Read the answer and worked solution →State committee meetings should focus mainly on:Read the answer and worked solution →Which sub-committee finalises a compact agenda for the state forum?Read the answer and worked solution →The Lead District Manager must convene a public meeting:Read the answer and worked solution →In districts with clusters, who is invited to the district committee?Read the answer and worked solution →Match each forum to who chairs itRead the answer and worked solution →Order the rise of the Lead Bank SchemeRead the answer and worked solution →Sort each body by the level it works atRead the answer and worked solution →True or false about the Lead Bank SchemeRead the answer and worked solution →

Worked practice questions

The Lead Bank Scheme traces its origin to the study group headed by:

  1. Gadgil
  2. Gopalan
  3. Goenka
  4. Ganguly
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Correct answer: A. Gadgil

1. A study group looked at the organisational framework in 1969. 2. Its subject was implementing the social objectives. 3. It was headed by Prof. D. R. Gadgil. _Source: RBI Master Circular, Lead Bank Scheme_

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The Gadgil Study Group recommended the adoption of an:

  1. Agent approach
  2. Area approach
  3. Asset approach
  4. Audit approach
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Correct answer: B. Area approach

1. Commercial banks were thin on the ground in rural India. 2. A geographic answer was proposed. 3. The group recommended an area approach. _Source: RBI Master Circular, Lead Bank Scheme_

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Which committee endorsed the area approach in November 1969?

  1. Nariman
  2. Narasimham
  3. Nachiket
  4. Nadkarni
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Correct answer: A. Nariman

1. It was a Committee of Bankers on branch expansion. 2. The Reserve Bank appointed it. 3. It was chaired by Shri F. K. F. Nariman. _Source: RBI Master Circular, Lead Bank Scheme_

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