Loans from Financial Institutions

Q.

Financial institutions may not have their nominees on the Board of Directors of the borrowing company.

1. True

2. False

Q.

State Industrial Development Corporation and Unit Trust of India are examples of ____________.

1. Banks

2. Export institutions

3. Think-tanks

4. Non-banking financial companies

Q.

These institutions aim at promoting the industrial development of a country, they are also known as_________________ banks.

1. Financial

2. Rural Development

3. None of the above

4. Development

Q.

Other than providing funds, many development institutions provide financial, managerial and technical advice and consultancy to business firms.

1. True

2. False

Q. IFCI was established in July ___

Q. State Financial Corporations provide medium and short-term finance to the industries.

1. False
2. True

Q. IFCI has contributed to the development of management education in the country.

1. True
2. False

Q.

International agencies and development banks help in developing the backward areas by providing medium and long term loans.

1. True
2. False

Q.

Financial Institutions act as ___banks.

Q. ___ Mobilises savings in the form of insurance premium.