Indian Economy

*Father of Modern Economics 
Ans : Adam Smith (Scotland)
*Laissez - Faire policy is associated with 
Ans : Adam Smith
*'Wealth of Nation' is the famous book of 
Ans : Adam Smith
*Study of wealth is called 
Ans : Aphnology
*The position of Indian economy in the world
Ans : 7
*The financial capital of the world
Ans : Zurich (Switzerland)
*Father of Micro Economics
Ans : Alfred Marshall/David Ricardo 
*Father of Macro Economics 
Ans : John Maynard Keynes
*Financial capital of India 
Ans : Mumbai
*Father of Indian Economics 
Ans : Dadabhai Naoroji
*Father of Indian Statistics 
Ans : P.C. Mahalanobis  
*The first official attempt to calculate National Income in India was made by P.C. Mahalanobis  The National income Committee (NIC) set up in 1949 by the Government of India under the chairmanship of
Ans : P.C. Mahalanobis 
*P.C.Mahalanobis founded the Indian Statistical Institute in 
Ans : Kolkata (1931)
*Central statistical organization was founded by
Ans : P.C. Mahalanobis  
*Head quarters of Central Statistical Organization
Ans : New Delhi (1951)
*Indian statistics day 
Ans : June - 29  
*Birthday of PC Mahalanobis is observed as
Ans : Indian Statistics Day  

THEORY

   

ECONOMIST 

*Laissez Faire Theory - Adam Smith
*Population theory - Thomas Robert Malthus
*Marginal Productivity theory - J.B. Clark
*Theory of Distribution - David Ricardo
*Elasticity of Demand - Alfred Marshall
*The Brain Drain theory was put forward by 
Ans : Dadabhai Naoroji
*Poverty and UnBritish rule in India is the Famous book of
Ans : Dadabhai Naoroji
*First estimate of National Income in India was made by
Ans : Dadabhai Naoroji
*First person to adopt a scientific procedure in calculating the National Income was
Ans : V.K.R.V. Rao (1931)

TYPES OF ECONOMY

1.CAPITALIST ECONOMY

*The type of economy in which private enterprises are existing in the sphere of production
Ans : Capitalist Economy
*The type of economy in which Government does not have control over markets and does not take part in any kind of production process
Ans : Capitalist Economy
*Type of economy in which the profit of service is earned by an individual 
Ans : Capitalist Economy 
*Examples of Capitalist Economy
Ans : USA, Britain, Japan, Brazil, France

2.SOCIALIST ECONOMY

*The type of economy in which public enterprise or state ownership of capital is existing in all the important sphere of production
Ans : Socialist Economy
*In socialist economy all means of production are controlled by the 
Ans : Government
*In socialist Economy, what to produce, how to produce and for whom to produce depend on the demand of the 
Ans : Society
*Examples of Socialist Economy 
Ans : China, Cuba

3.MIXED ECONOMY

*Type of economy in which a mixture of public and private enterprises is existing 
*The type of economy which is the combination of Capitalism and Socialism 
Ans : Mixed Economy
*The type of economy in which all means of production are shared between the public and private sector 
Ans : Mixed Economy 
*Examples for Mixed Economy 
Ans : India, Australia 

COMMUNIST ECONOMY 

*Type of Economy in which the means of production and social welfare for the people is given a priority over individual profit
Ans : Communist Economy 
*Example for Communist Economy 
Ans : North Korea

THREE SECTORS OF ECONOMY

1.PRIMARY SECTOR

 
*The sector of an economy making direct use of natural resources
Ans : Primary sector 
eg. Agricultural sector

2.SECONDARY SECTOR

*The activities including the manufacturing of physical goods and other industrial production come under
Ans:Secondary Sector
eg : Industrial sector

3.TERTIARY SECTOR

*Tertiary Sector is otherwise known as
Ans : Service Sector
*The service sector which gives support to all activities for the development of the primary and secondary sectors
Ans : Tertiary sector
eg : Banking sector, Transportation and communication
*World Nations are divided into three
1.Developed Nation
2.Developing Nation
3.Least Developed Nation (Undeveloped)

1.DEVELOPED NATION

*A country having high levels of National and Per Capita incomes is known as
Ans : Developed Country
*The country having high standard of life is known as
Ans : Developed Country
*Country having high economic growth and security is termed as
Ans : Developed Country
*Countries which are more advance in scientific and technological field
Ans : Developed Countries
Eg: USA, England, Japan, Germany, France

2.DEVELOPING NATION

*Another term for Developing countries
Ans : Third world countries
*Countries having low standard of living are included in the
Ans : Developing Nation
*Illiteracy, Low National Income, Unemployment, Low Human Development Index (HDI) etc. are the main characteristics of a
Ans : Developing Nation
*Earlier name of developing countries
Ans : Under developed countries
Eg : India, South Africa, Brazil

3.LEAST DEVELOPED COUNTRIES

*Extreme poverty, very low GDP, low percapita income, high rate of population, unemployment are the characteristics of
Ans : Least Developed Countries
*Weak economy, inadequate human resource and vulnerable natural disasters are the features of
Ans : Least Developed Countries
*Examples of Least Developed Countries
Ans : Afghanistan, Angola, Benin

HUMAN DEVELOPMENT INDEX (HDI)

*The composite statistics of life expectancy, education, and per capita income indicators of countries
Ans : Human Development Index (HDI)
*HDI was launched by
Ans : Amartya Sen (Indian) and Mahbub Ul Haq (Pak Economist)
*HDI was launched in
Ans : 1990
*Standard measurement for distinguishing whether the country is developed, developing or under developed
Ans : HDI
*As per the Human Development Index published on March 21, 2017, the country tops in the list is
Ans : Norway
*As per the Human Development Index published on March 21, 2017, the position of India is
Ans : 131

GDP (Gross Domestic Product)

*The value of all goods and services produced within a country during a given period 
Ans : GDP
GNP (Gross National Product)
*The sum total of all goods and services produced by the nationals of a country during a year 
Ans : GNP
National Income
*The sum total of all final goods and services produced in a country in a particular period of time usually one year
Ans : National Income
Per Capita income
*It refers National Income divided by the population of the country

TAXES

*Compulsory payment made by citizen or corporate bodies to Government 
Ans : Tax
*Article 265 of Indian constitution deals with 
Ans : Taxes
*Tax was imposed for the first time in 
Ans : Egypt
*John Mathai Commission or Taxation Enquiry commission was set up to study the
Ans : Taxation system in India 
*John Mathai Commission or Taxation Enquiry commission was set up in 
Ans : 1954
*Income tax Act came into force on 
Ans : 1st April 1962

BOOKS

       

AUTHORS

*Wealth of Nations-Adam Smith 
*Das Capital-Karl Marx
*Poverty and UnBritish Rule in India - Dadabhai Naoroji 
*Poverty and Famine - Amartya Sen
*Rationality and Freedom - Amartya Sen
*Development as freedom - Amartya Sen
*The Argumentative Indian - Amartya Sen
*Commodities and Capabilities - Amartya Sen 
*Choice of Techniques - Amartya Sen
*Beyond the crisis;Development Strategies in Asia - Amartya sen
*Human Rights and Asian Values - Amartya Sen
*Asian Drama - Gunnar Myrdal 
*The myth of free trade  - Ravi Batra
*Crash of the Millennium - Ravi Batra
*Great Depression of 1990 - Ravi Batra
*Principle of Political Economy and Taxation - David Ricardo
*Communist Manifesto - Karl Marx Fredrik Engels
*General Theory of Employment Interest and money - J.M.Keynes
*There are mainly two types of taxes
(1)Direct Tax
(2)Indirect Tax

ECONOMIC COMMISSIONS

*Raja Chelliah
Ans : Tax Reforms  
*Ans : Vijay Kelkar
*Direct and Indirect Tax Structures 
*Narasimham
Ans : Banking Sector Reforms  
*Malhotra
Ans : Insurance Privatisation  
*Damoderan Committee
Ans : Banking Service Reforms 
*Lakadawala Committee 
Ans : Poverty line
*Ashoka Mehta
Ans : Panchayat Raj Reforms
*Sen
Ans:Decentralisation of powers to Panchayat Raj institutions
*Indira Goswami
Ans : Industrial Sickness 
*R.S. Sarkaria
Ans : Central State Relationship 
*Swaminathan
Ans : Agricultural Reforms
*LC Gupta
Ans : Trading of Shares 
*G.V. Ramakrishna
Ans : Disinvestment commission 
*Sachar commission
Ans : The Socio - Economic and Educational Status of the Muslim - Community in India
*Mandal Commission
Ans : To identify the socially or educationally backward
*Kothari Commission
Ans : Education commission
*C.D. Mayee Commission 
Ans : Endosulfan
*Tendulkar Commission
Ans : Identifying people below the poverty line

DIRECT TAX

*A tax directly paid to the government by the individuals or organizations on whom it is imposed is called 
Ans : Direct Tax 
*The tax which cannot be shifted by the taxpayer to someone else 
Ans : Direct Tax
*The main examples of Direct Taxes are 
Ans : Income Tax, Gift Tax, Wealth Tax, Property Tax, Corporate Tax, Capital Gains Tax, Securities Transaction Tax, Perquisite Tax, etc

INDIRECT TAX

*The taxes paid while purchasing goods and services are called
Ans : Indirect Tax
*The tax which can be shifted by the taxpayer to someone else
Ans : Indirect Tax

TAXES IMPOSED BY THE CENTRAL GOVERNMENT

*Income Tax
*Corporate Tax
*Property Tax
*Wealth Tax
*Gift Tax
*Custom Duty
*Service Tax

TAX IMPOSED BY THE STATE GOVERNMENT

*Land Revenue Tax
*Stamp Duty
*State excise Duty 
*Road Tax
*Entertainment Tax 
*Motor Vehicle Tax
*Agricultural Income Tax
*Agriculture Land Revenue etc.
Eg : Excise duty,sales Tax,Entertainment Tax,Custom duty and Octroi,Goods and Services Tax(GST),Services Tax,Value Added Tax (VAT)
*A local tax collected on various articles brought into a district for consumption
Ans : Octroi

VAT (Value Added Tax)

*The type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale
Ans : VAT
*Value Added Tax (VAT) was introduced in
Ans : France (1954)
*First Asian Country to introduce VAT
Ans : South Korea
*First Indian state to introduce VAT
Ans : Haryana (April 1,2003)
*VAT was introduced in India on
Ans : April 1, 2005
*The first country introduced value added tax (VAT)
Ans : France
*First country introduced Goods and service Tax (GST)
Ans : France
*First country introduced fat Tax 
Ans : Denmark
*First country introduced carbon tax 
Ans : New Zealand
*First country Introduced salt tax
Ans : China
*The Chairman of the Empowerment Committee introduced VAT in India
Ans : Asim Das Gupta
*MODVAT stands for
Ans : Modified Value Added Tax 
*MODVAT was introduced with effect from 
Ans : March 1,1986
*Modvat has later been replaced by
Ans : CEN VAT (Central Value Added Tax) 
*CEN VAT came into force in 
Ans : April 1, 2000

STOCK EXCHANGE

*An organised market for buying and sellinq shares and other securities
Ans : Stock Exchange
*World's first stock exchange was formed at
Ans : Antwerp in Belgium
*Oldest stock exchange in Asia
Ans : Bombay Stock Exchange (BSE)
*Largest stock exchange in the world
Ans : NYSE Euronext (formerly known as Area Ex.)
*Stock exchange index of America is known as
Ans : NASDAQ
*NASDAQ
Ans : National Association of Securities Dealers Automated Quotation system
*First electronic stock exchange 
Ans : NASDAQ
*Headquarters of Newyork Stock Exchange 
Ans : Wallstreet

STOCK EXCHANGES INDEX

*New York - Nasdaq
*New York - Dow Jones
*India - Sensex
*India - Nifty
*Japan - Nikkei
*Singapore - Simex
*Frankfurt - Mid Dax
*London - FTSE
*Hong Kong - Hang Seng
*Brazil - Bovespa
*First Indian company to be listed on the US NASDAQ
Ans : Infosys Technologies  
*First Indian public sector Unit of New York Stock Exchange 
Ans : VSNL
*Financial Capital of China
Ans : Shanghai

INDIAN STOCK EXCHANGES

*Second largest share holding population in the world
Ans : India
*The terms associated with the Stock Exchanges
Ans : Bull and Bear
*The upward market trend is termed as
Ans : Bull
*The downward market trend is termed as
Ans : Bear
*High valued shares are known as
Ans : Blue chips

BOMBAY STOCK EXCHANGE (BSE)

*Old name of Bombay Stock Exchange 
Ans : The Native Share & Stock Brokers Association
*The oldest stock exchange in Asia 
Ans : BSE
*BSE was established in 
Ans : 1875
*BSE located on
Ans : Dalai street, Mumbai
*First company registered in Bombay stock exchange was
Ans : D.S. Prabhudas and Company 
*BSE share index is known as
Ans : SENSEX (Stock Exchange Sensitive Index)
*The name SENSEX was proposed by 
Ans : Deepak Mohani
*The Edge is Efficiency is the caption of 
Ans : BSE
*The pulse of the domestic Stock markets in India
Ans : SENSEX
*10th largest stock market in the world by market capitalization
Ans : BSE
*Cochin stock exchange was founded in
Ans : 1978
*First stock exchange in Kerala
Ans : Cochin Stock Exchange 

NATIONAL STOCK EXCHANGE (NSE)

*National Stock Exchange was founded in 
Ans : 1992
*Largest stock exchange in India
Ans : National Stock Exchange 
*Headquarters of NSE 
Ans : Mumbai
*Share Index of NSE
Ans : NIFTY
*NSE was set up on the recommendation of 
Ans : Pherwani Committee (1991)
*Second fastest growing stock exchange in the world
Ans : NSE
*Bombay Stock Exchange -1875
*Ahmedabad Stock Exchange -1894 
*Kolkata Stock Exchange -1908
*Cochin Stock Exchange -1978
*National Stock Exchange -1992

SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)

*Regular for the securities market in India 
Ans : SEBI
*SEBI was established in the year 
Ans : 1988
*SEBI was given statutory power on 
Ans : April 12, 1992 
*Headquarters of SEBI
Ans : Bandra kurla Complex (Mumbai) 
*First Chairman of SEBI 
Ans : S.A.Dave
*Forward Market Commission was merged with SEBI in
Ans : 2015

INSURANCE

*First insurance company in India
Ans : Oriental Life Insurance company 
*Oriental Life Insurance was established at 
Ans : Kolkata
*Oriental Life Insurance was established in 
Ans : 1818
*First native insurance provider in India 
Ans : The Bombay Mutual life Assurance society 
*The Bombay Mutual life Assurance society was established in 
Ans : 1870
*The year in which the Government of India issued an ordinance for nationalising the life insurance sector in India
Ans : 1956
*R.N. Malhotra Commission is associated with the
Ans : Insurance sector
*An autonomous body instituted to regulate and develop the insurance industry in India 
Ans : Insurance Regulatory and Development Authority (IRDA) 
*Headquartes of IRDA 
Ans : Hyderabad
*IRDA was incorporated as a statutory body in
Ans : April 2000
*General Insurance Corporation of India was Formed in 
Ans : 1972
*General Insurance Corporation was nationalized on
Ans : January 1,1973
*Head quarters of General Insurance Corporation
Ans : Mumbai


LIFE INSURANCE CORPORATION (LIC)
*Life Insurance Corporation was set up in 
Ans : 1956
*Headquarters of Life Insurance Corporation is in 
Ans : Mumbai 
*Motto of LIC
Ans : Yogakshemam Vahamyaham (your welfare is our responsibility) 
*The person who founded Hindustan Insurance Society, which later became Life Insurance Corporation
Ans : Surendranath Tagore 
*Largest insurance group fully owned by the Government of India 
Ans : LIC
*Mundra Case is related to 
Ans : LIC
*First woman Managing Director of LIC 
Ans : Usha Sangwan

BANKING

*First bank in India
Ans : Bank of Hindustan
*Bank of Hindustan was established in
Ans : Calcutta (1770)
*Oldest public sector bank in India
Ans : Allahabad Bank

NATIONALISATION OF BANKS IN INDIA

*The Prime Minister who nationalised banks in India for the first time
Ans : Indira Gandhi
*First nationalisation of banks was held on
Ans : July 19,1969
*Number of banks in India nationalised for the first time
Ans : 14
*Total asset of a bank which was nationalised in 1969 was exceeded
Ans : 50 crores
*The second phase of bank nationalisation in India was held on
Ans : April 15,1980
*Number of banks nationalised in second phase
Ans : 6
*The Prime Minister who nationalised Banks in India in 1980
Ans : Indira Gandhi
*Total asset of a Bank which was nationalised in 1980 was exceeded
Ans : 200 crores
*Allahabad Bank was established in 
Ans : 1865
*UTI ( Unit Trust of India) Bank is the former name of 
Ans : Axis Bank
*First Bank in the world 
Ans : Bank of Venice
*First Bank to begin permanent issue of bank notes
Ans : Bank of England 
*First private bank in India 
Ans : City Union Bank 
*ATM in India : HSBC
*Internet Banking : ICICI Bank 
*Mutual Fund : Unit Trust-of India (UTI)
*Credit card facility : Central Bank of India
*First bank to get ISO Certificate : Canara Bank 
*Savings Bank Facility : Presidency Bank
*First Indian bank to open branch outside India : Bank of India (London)
*Online Banking : HDFC
*Cheque facility : Bengal Bank 
*Talking ATM : Union Bank of  India
*Indian bank to get Green Bond Award of Britain :YES Bank 
*Greenfield Bank licence awarded by RBI :YES Bank

RESERVE BANK OF INDIA

*Reserve Bank of India act was passed in
Ans : 1934
*Reserve Bank of India was established on 
Ans : April 1,1935
*The head quarters of RBI was initially established in
Ans : Kolkata
*The headquarters of RBI was permanently shifted to Mumbai in
Ans : 1937
*RBI was setup on the recommendation of 
Ans : Hilton Young Commission (1926) 
*Hilton Young Commission was also known as 
Ans : Royal Commission 
*The Bank known as Banker's Bank 
Ans : RBI
*The apex bank of India 
Ans : RBI
*The Central bank of India 
Ans : RBI
*The regulator of loans 
Ans : RBI
*The bank which is often referred as Mint Street
Ans : RBI
*The Banking Ombudsman Scheme has been formulated by
Ans : RBI
*The credit controller of India 
Ans : RBI
*The bank which represents India in- the IMF
Ans : RBI
*RBI was nationalised on 
Ans : January 1, 1949 
*Headquarters of RBI in Kerala 
Ans : Thiruvananthapuram 
*The animal embossed on the emblem of Reserve Bank of India 
Ans : Tiger
*The tree embossed on the emblem of Reserve Bank of India 
Ans : Palm Tree 
*First Governor of RBI 
Ans : Sir Osborne Smith
*First Indian to become the Governor of RBI
Ans : C.D. Deshmukh
*The longest serving Governor of Reserve Bank of India
Ans : Benegal Rama Rao
*Second Governor of RBI
Ans : James Taylor
*First woman RBI Deputy Governor
Ans : K.J. Udeshi
*The Indian Prime Minister who had served as Reserve Bank Governor 
Ans : Man Mohan Singh
*The only state which does not come under financial supervision of the RBI 
Ans : Jammu & Kashmir

MAIN FUNCTIONS OF RBI

*To work as monetary authority and implement its Monetary policy
*To serve as issuer of bank notes
*To Serve as banker to central and state governments
*To serve as debt manager to central and state governments
*To provide ways and means advances to the state governments
*To Serve as banker to the banks and lender of last resort(LOLR) for them
*To work as supervisor and regulator of the banking and financial system
*Management of Foreign Exchange Reserves of the country 
*To support the government In the development of the country
*The amount of funds that the banks are bound to keep with Reserve bank of India
Ans : Cash Reserve Ratio
*The rate at which the banks borrow money from RBI
Ans : Repo rate
*Repo rate is otherwise known as
Ans : Repurchase rate
*The rate at which the RBI borrows money from Banks
Ans : Reverse Repo rate
*The rate of interest which a central bank charges on the loans and advances to a commercial bank
Ans : Bank Rate
*Bank rate is also referred to as
Ans : Discount rate

PUNJAB NATIONAL BANK

*First Indian Bank purely managed by the Indians
Ans : Punjab National Bank
*Founder of Pujab National Bank
Ans : Lala Lajpat Rai
*Punjab National Bank was established in
Ans : Lahore
*Punjab National Bank was founded in
Ans : 1894
*Punjab National Bank began to function in
Ans : 1895
*First bank in India to introduce the Voluntary Retirement Scheme (VRS)
Ans : Punjab National Bank
*Head quarters of Punjab National Bank
Ans : New Delhi
*Maha Bachat Scheme was started by
Ans : Punjab National Bank
*New India was merged in Punjab National Bank in
Ans : 1993
 

STATE BANK OF INDIA (SBI)

*Largest commercial bank in India
Ans : State Bank of India
*Headquarters of SBI is at
Ans : Mumbai
*The earlier name of SBI
Ans : Imperial Bank
*The name Imperial Bank of India was suggested by
Ans : Lord John Keynes
*Imperial Bank of India Act was passed in
Ans : 1920
*The Imperial Bank of India was established in
Ans : 1921
*The Imperial Bank of India became the State Bank of India on
Ans : July 1,1955
*SBI was nationalised in
Ans : 1955
*The bank which has the most number of branches in India
Ans : SBI
*India's first floating ATM was launched by
Ans : SBI
*First Indian bank to open a branch in Israel
Ans : SBI
*First Malayali Chairman of SBI
Ans : John Mathai
*First woman Chairperson of State Bank of India
Ans : Arundhati Bhatacharya
*National poet who was depicted as the customer in the advertisement of SBI
Ans : Tagore
*The policy adopted by SBI to bring back its old customers
Ans : Bank Vapassi
*Five Associated Banks of SBI were merged with SBI on
Ans : March 31, 2017
*The Prime Minister who took initiative for the merging of Associated banks of SBI
Ans : Narendra Modi
*The bank which was merged with SBI along with the 5 Associated banks of SBI
Ans : Bharatiya Mahila Bank

ASSOCIATE BANKS OF SBI

*State Bank of Hyderabad  
*State Bank of Mysore 
*State Bank of Patiala 
*State Bank of Travancore   
*State Bank of Bikaner & Jaipur


TAGLINE OF SBI
*The Bank of Common Man
*Pure Banking, Nothing else
*With you always
*The Banker to Every Indian
*The Nation Bank on us

NATIONAL BANK FOR AGRICULTURAL AND RURAL DEVELOPMENT [NABARD]

*NABARD was established on 
Ans : 12th July 1982 
*Headquarters of NABARD is at 
Ans : Mumbai
*NABARD was established on the recommendation of
Ans : Sivaraman Committee
*The apex bank in India for agriculture development
Ans : NABARD
*The bank to facilitate credit flow for the promotion and development of agriculture
Ans : NABARD
*India's specialised bank for Agriculture and Rural Development in India
Ans : NABARD
*The bank known for its 'SHG Bank Linkage Programme'
Ans : NABARD 

BHARATIYA MAHILA BANK (BMB)

*First women's bank in India
Ans : Bharatiya Mahila Bank  
*Headquarters of BMB 
Ans : New Delhi
*Bharatiya Mahila Bank was established on
Ans : November 19,2013
*Bharatiya Mahila Bank was inagurated by
Ans : Manmohan sigh and Sonia Gandhi at Mumbai
*India is the third country in the world to have a bank especially for women after 
Ans : Pakistan and Tanzania 
*First Chairperson and Managing Director of Bharatiya Mahila Bank
Ans : Usha Anantha Subramanian 
*First branch of BMB was opened in 
Ans : Mumbai
*First branch of BMB was opened in Kerala at 
Ans : Kamaleshwaram (Thiruvananthapuram)
*The bank which was inaugurated on the 96th birth anniversary of Indira Gandhi 
Ans : BMB
*The committee related with the establishment of the BMB
Ans : MBN Rao Committee 
*The tag line of BMB
Ans : Empowering Women, Empowering India 
*BMB was merged with SBI on
Ans : March 31, 2017

REGIONAL RURAL BANK (RRB)

*Regional Rural Banks were established on 
Ans : October 2,1975
*RRB was setup under recommendation of 
Ans : Narasimham committee
*First Regional Rural Bank was started in 
Ans : Moradabad (UP)
*Regional Rural Bank is popularly known as 
Ans : Gramin Bank
*State having most number of Regional Rural Banks in India 
Ans : Uttar Pradesh
*Regional Rural Banks have not been started in 
Ans : Sikkim and Goa
*Largest Regional Rural Bank in India 
Ans : Kerala Gramin Bank 
*The Headquarters of Kerala Gramin Bank 
Ans : Malappuram

LEAD BANK

*Lead Bank system in India was started in 
Ans : 1969
*The Committee which recommended for the Lead bank
Ans : Gadgil Committee 
*The bank which works for financial and industrial development of the district concerned
Ans : Lead Bank
 

LAND DEVELOPMENT BANK

*The bank which provides loan for digging wells, purchasing seeds etc. under the security of properties
Ans : Land Development Bank
*The bank which entertains Green Revolution
Ans : Land Development Bank 
*First Land Development Bank was started in 
Ans : Punjab

NEDUNGADI BANK

*The first bank in Kerala is
Ans : Nedungadi Bank
*Nedungadi Bank was founded in
Ans : 1899
*Founder of Nedungadi Bank 
Ans : Appu Nedungadi 
*Nedungadi Bank merged with 
Ans : Punjab National Bank
*Nedungadi Bank merged with Punjab National Bank in 
Ans : 2003