IBPS BANK EXAMINATIONS RAPID READING EXERCISE- PART: 015

01.            Money laundering prevetion act 2002 became effective since 1.7.2005

02.            Cooperative Bank organization in India has three tier set up – Primary credit society; district cooperative bank and state cooperative bank

03.            The foreign direct investment limit in private sector bank is 74%

04.            RBI has partial control on – cooperative bank

05.            The committee which has proposed National Rural Bank is – N. Janardhan Reddy committee

06.            The organization whose functions has been taken over by NABARD from RBI are – Agricultural Refinance and Development Corporation; National Agricultural Credit Fund (long term operation) and National Agricultural credit fund (stabilization)

07.            The first modern bank in India – Presidency Bank and it was established during 1806

08.            International Monetary Fund was established on 27.12.1945

09.            International Monetary Fund has its headquarters at Washington DC

10.            World Bank was established during the year 1944 and it has its head office at Washington DC

11.            World Bank is a group of International Bank for Reconstruction and Development; International Development Agency; Multi lateral Investment of Guarantee Agency and International Centre of Settlement Investment Dispute

12.            IBRD was established in 1945

13.            IDA was established in 1960

14.            IFC was established in 1956

15.            ICSID was established in 1966

16.            MIGA was established in 1988

17.            Asian Development Bank was established in December, 1966

18.            Asian Development Bank has its head office at Manila

19.            World Trade Organisation – WTO was established during the year, 1995 and it has head office at Geneva

20.            OPEC – Organisation of the Petroleum Exporting Countries was established in 1960

21.            Association of South East Asian Nations was established on 8.8.1967 and it has head office at Jakarta

22.            Imperial Bank was established during the year, 1921

23.            Reserve Bank of India was established in 1.4.1935

24.            RBI was nationalized on 1.1.1949

25.            Industrial Finance Corporation of India was established during year, 1948

26.            ICICI was established during January, 1955

27.            Unit Trust of India was established on 1.2.1964

28.            Industrial Development Bank of India was established during July, 1964

29.            NABARD was established on 12.7.1982

30.            IRBI was established on 20.3.1985

31.            IRBI has been renamed as IIBIL since 6.3.1997

32.            SIDBI was established during 1990

33.            SIDBI – Small Industries Development Bank of India

34.            ICICI – Industrial Credit and Investment Corporation of India

35.            EXIM Bank was established on 1.1.1982

36.            National Housing Bank was established during July, 1988

37.            Life Insurance corporation of India was established during September, 1956

38.            General Insurance Corporation was established during November, 1972

39.            Regional Rural Banks were established during 2.2.1075

40.            Risk Capital and technology Finance Corporation Limited  was established during March 1975

41.            Technology Development Information Company of India Limited during the year 1989

42.            Infrastructure Leasing and Financial Services Limited during the year, 1988

43.            Housing Development Finance Corporation Limited was established during the year, 1977

44.            State Bank of India was established during the year, 1955

45.            Securities and Exchange Board of India was established during the year, 1988

46.            Asian Development Bank – ADB established during the year 1966 has its head office at Manila – Phillipines

47.            Asian Pacific Economic Cooperation – APEC established during the year, 1989 has its headquarters at Singapore

48.            Shanghai Cooperation Organisation – SCO established during the year, 1966 has its headquarters at Beijing – China

49.            African Union established during the year, 2001 has its head office at Addis Ababa – Ethiopia

50.            European Union established during the year, 1991 has its headquarters at Brussels (Belgium)

51.            Caribbean Development Bank – CDB established during the year, 1969 has its headquarters at St. Michael - Barbados