Financial Bodies — Set 3
Days & Years · वित्तीय निकाय · Questions 21–30 of 50
The National Sample Survey Organisation (NSSO) was set up in which year?
Correct Answer: D. 1950
NSSO was established in 1950 to conduct large-scale socio-economic surveys in India. It provides data for various planning and policy-making activities. It has now been merged into the National Statistical Office (NSO).
When was the Industrial Finance Corporation of India (IFCI) established as the first development financial institution?
Correct Answer: D. 1948
IFCI was established on July 1, 1948, to provide long-term finance to industrial sectors. It was the first institution dedicated to industrial development finance after independence. It currently operates as a Non-Banking Financial Company.
In which year was the Central Statistical Organisation (CSO) established?
Correct Answer: A. 1951
The CSO was set up in 1951 for the coordination of statistical activities in India. It is responsible for the preparation of National Accounts Statistics, including GDP. It works under the Ministry of Statistics and Programme Implementation.
The Finance Commission of India was first established in which year?
Correct Answer: D. 1951
The First Finance Commission was established in 1951 under Article 280 of the Constitution. It was chaired by K. C. Neogy. Its primary function is to define the financial relations between the Union and the States.
In which year was the State Bank of India (SBI) established after nationalizing the Imperial Bank?
Correct Answer: C. 1955
SBI was established on July 1, 1955, by the State Bank of India Act. It succeeded the Imperial Bank of India, which had been formed in 1921. It is the largest commercial bank in India in terms of assets.
The African Development Bank (AfDB) was founded in which year?
Correct Answer: D. 1964
The AfDB was established in 1964 to promote economic growth and social progress on the African continent. It is headquartered in Abidjan, Côte d'Ivoire. Its mission is to fight poverty and improve living conditions in Africa.
When was the European Bank for Reconstruction and Development (EBRD) established?
Correct Answer: D. 1991
The EBRD was established in 1991 to help central and eastern European countries transition to market economies. It was founded after the fall of the Iron Curtain. Its headquarters is located in London.
In which year was the Bank for International Settlements (BIS) established?
Correct Answer: D. 1930
The BIS was established on May 17, 1930, through an intergovernmental agreement. It acts as a bank for central banks and promotes international monetary cooperation. Its headquarters is in Basel, Switzerland.
The Inter-American Development Bank (IDB) was established in which year?
Correct Answer: C. 1959
The IDB was created in 1959 and is the largest source of development financing for Latin America and the Caribbean. It works to reduce poverty and inequality. Its headquarters is in Washington, D.C.
When was the Financial Action Task Force (FATF) established by the G7 summit?
Correct Answer: B. 1989
FATF was established in July 1989 at the G7 Summit in Paris. It develops policies to combat money laundering and terror financing. It is the global money laundering and terrorist financing watchdog.