Q: The concept of 'Priority Sector Advances' was formulated in _______.

\$1968\$ The priority sector advances which is also known as priority sector lending basically refers to lending to those sectors of the economy which may not get adequate credit or the loan on timely basis so the priority sector advances is an important role which has been given by the Central Bank of India to the banks to provide a specified portion of the bank lending to the specific sectors of the economy so as to give the priority to some of the sectors who do not get the timely credit.

Question 1

Write short note on the following:Types of life insurance policies.

Accepted Answer

Different types of life insurance policies are :- 1. Term Life Insurance - Term insurance plan are those plan that is purchased for a fixed period of time, say 10, 20 or 30 years.2. Unit Linked Plans (ULIPs) - A unit linked plan is a comprehensive combination of insurance and investment. 3. Endowment policy - in this, policyholder receive a lump sum amount in case if he survives until the date of maturity. 4. Money Back Life Insurance - In this, a percentage of the sum assured is paid back to the insured on periodic intervals as survival benefit.5. Whole Life Insurance - A whole life insurance policy covers the life assured for whole life. 6. Child Plan- Child plans help to build funds for child&#8217;s education and marriage.7. Retirement Plan - Retirement plan helps to build savings for retirement.

Question 2

The concept of 'Priority Sector Advances' was formulated in _______.

Accepted Answer

$1968$ The priority sector advances which is also known as priority sector lending basically refers to lending to  those sectors of the economy which may not get adequate credit or the loan on timely basis so the priority sector advances is an important role which has been given by the Central Bank of India to the banks to provide a specified portion of the bank lending to the specific sectors of the economy  so as to give the priority to some of the sectors who do not get the timely credit.

Question 3

Fourteen commercial banks were nationalised in ________.

Accepted Answer

National banks refer to the banks owned by the government of India.Reasons for nationalization being:The removal of control by a fewProvision of adequate credit facilities to agriculture, small industry and exportsThe giving of professional bent to bank managementThe encouragement of new classes of entrepreneurs

Question 4

Amongst the following which is not a short term means of raising capital?

Accepted Answer

Financing can be taken by the organization depending on the requirement. Funds can be raised for short term and long term purposes. Funds which are required for the day to day operations i.e. working capital requirement is considered as short term funds.Funds which are require to create the fixed assets in the business are usually taken for a longer duration. These kind of capital is provided by the financial institutions.

Question 5

The success of E-banking depends upon which of the following?i. Multi-layer Security Systemii. Risk and Surveillance Managementiii. Updated Flawless Softwaresiv. Stringent Legal Frame-work.

Accepted Answer

Website of a bank requires multi-layered security system for safeguarding the privacy of the user. It is supported by seamless surveillance and an updated flawless software. They together enhance the user experience.Legal frame-work is secondary in e-banking as its significance arises only at the time of a dispute.Hence, for an e-banking to be successful, it requires a multi-layered security system, risk and surveillance management and updated flawless software.

Business Services

Business Studies
899 Views

Write short note on the following:
Types of life insurance policies.

The concept of 'Priority Sector Advances' was formulated in _______.

Fourteen commercial banks were nationalised in ________.

Amongst the following which is not a short term means of raising capital?

The success of E-banking depends upon which of the following?
i. Multi-layer Security System
ii. Risk and Surveillance Management
iii. Updated Flawless Softwares
iv. Stringent Legal Frame-work.

Business Services

Business Studies 899 Views

Write short note on the following: Types of life insurance policies.

The concept of 'Priority Sector Advances' was formulated in _______.

Fourteen commercial banks were nationalised in ________.

Amongst the following which is not a short term means of raising capital?

The success of E-banking depends upon which of the following? i. Multi-layer Security System ii. Risk and Surveillance Management iii. Updated Flawless Softwares iv. Stringent Legal Frame-work.

Business Studies
899 Views

Write short note on the following:
Types of life insurance policies.

The success of E-banking depends upon which of the following?
i. Multi-layer Security System
ii. Risk and Surveillance Management
iii. Updated Flawless Softwares
iv. Stringent Legal Frame-work.