Role of Financial Institutions in Economic Development

Economics ⇒ Economic Development

Role of Financial Institutions in Economic Development starts at 10 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Role of Financial Institutions in Economic Development. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 10

Describe how financial institutions help in employment generation.

Describe one way in which financial institutions help in poverty reduction.

Explain how financial institutions contribute to the growth of industries.

Explain how financial institutions promote savings among people.

Explain how financial institutions support the agricultural sector in India.

Explain the importance of financial literacy in the effective functioning of financial institutions.

Explain the role of insurance companies as financial institutions in economic development.

Explain the role of microfinance institutions in economic development.

What is the primary function of financial institutions in economic development? (1) Mobilizing savings, (2) Providing entertainment, (3) Organizing sports events, (4) Manufacturing goods

Which financial institution is responsible for regulating the monetary policy in India? (1) State Bank of India, (2) Reserve Bank of India, (3) NABARD, (4) ICICI Bank

Which financial institution is responsible for regulating the stock market in India? (1) RBI, (2) SEBI, (3) NABARD, (4) SIDBI

Which of the following institutions is mainly responsible for providing refinance to rural credit institutions? (1) RBI, (2) NABARD, (3) SIDBI, (4) SEBI

Fill in the blank: ________ banks provide long-term finance for industrial and infrastructure development.

Fill in the blank: ________ banks provide short-term and medium-term loans to businesses and individuals.

Fill in the blank: ________ is the apex institution for microfinance in India.

Fill in the blank: ________ is the process by which financial institutions assess the creditworthiness of borrowers.

State whether the following statement is True or False: Cooperative banks mainly serve rural and agricultural sectors.

State whether the following statement is True or False: Financial institutions help in mobilizing foreign capital for economic development.

State whether the following statement is True or False: Financial institutions help in promoting exports and imports.

State whether the following statement is True or False: Financial institutions help in the balanced regional development of a country.