Economics Questions and Answers – Part4

61. When was the Reserve Bank of India nationalized?
1949

62. Which body represents India in the International Monetary Fund (I.M.F.)?
Reserve Bank of India

63. Which bank is known as the Banker’s Bank?
Reserve Bank of India

64. When was the present coinage system in India Introduced?
1957

65. Which is the largest public sector bank in India?
The State Bank of India

66. Which is the largest commercial bank in India in terms of branches?
The State Bank of India

67. What is zone pricing?
Under zone pricing, the seller divides the country into zones and regions and charges the same delivered price within each zone, but different prices between different zones.

68. When did the first nationalization of banks in India take place?
July 19, 1969.

69. Who was the Prime Minister of India when the first nationalization of banks took place in India?
Smt. Indira Gandhi

70. How many banks were nationalized in 1969?
Fourteen banks

71. When did the second nationalization of banks take place?
1980

72. How many banks were nationalized in the second nationalization of 1980?
Six banks

73. When was the new bank of India merged with the Punjab National Bank?
1993

74. What is the full form of NABARD?
National Bank of Agricultural and Rural Development

75. When was NABARD set up in India?
1982

76. Which is the apex bank for rural credit?
NABARD

77. What is the full form of EXIM?
Export Import Bank of India

78. When was EXIM started?
1982

79. What is the full form of IDBI?
Industrial Development Bank of India

80. When was IDBI started?
1964

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