BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Commercial Banks
|
|
|
Industrial Development Bank of India
|
|
|
Food Corporation of India
|
|
|
Co-operative Credit Structure
|
Detailed explanation-1: -Land Development Banks (LDBs) have a 2-tier structure. Land Development Banks (LDBs) have been effectively established in India since 1929. Land Development Banks (LDBs) are also called as Land Mortgage Banks and Agricultural and Rural Development Banks in some states.
Detailed explanation-2: -Under its federal structure, the LDB consists of two-tier institutions: (i) the Central Land Development Bank at the State level, and (ii) the Primary Land Development Bank at the district or Taluka level.
Detailed explanation-3: -Land development bank provides long-term funds for various agriculture related projects besides development of land and business. The borrowing capacity of a member is generally determined according to the number of shares he holds in the bank.
Detailed explanation-4: -NABARD, IDBI, EXIM Bank, IFCI, and NHB are some of the examples of development banks in India.