Mcq on Non Banking Financial Institutions | Development Banks Mcq [AHSEC Class 12 Finance MCQs]

[MCQ on Non Banking Financial Institutions, Developmental Banks MCQs, MCQ on NBFI, AHSEC Class 12 Finance MCQs]

Banking MCQs
Multiple Choice Questions and Answers
MCQ on Non Banking Financial Institutions

1. The first development bank of the world was:

a) The Industrial Development Bank of Japan

b) Industrial Finance Corporation of India

c) Industrial Development Bank of India

d) NABARD

2. The first development bank of the world was established in the year:

a) 1875

b) 1902

c) 1948

d) 1969

3. The first development bank of India was:

a) The Industrial Development Bank of India

b) Industrial Finance Corporation of India

c) Small Industrial Development Bank of India

d) NABARD

4. The first development bank of India was established in the year:

a) 1875

b) 1902

c) 1948

d) 1969

5. The Finance provided by a development bank is termed as:

a) Corporate financing

b) Institutional Financing

c) Debt Financing

d) Equity Financing

6. IDBI was established in the year:

a) 1875

b) 1902

c) 1964

d) 1969

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Also Read:

1. FINANCE IMPORTANT QUESTIONS FOR 2025-2026-2027 EXAM

2. FINANCE SYLLABUS 2026-2027 EXAM

3. FINANCE MCQs

RESERVE BANK OF INDIA
FINANCIAL MARKET (CAPITAL AND MONEY MARKET)
NON-BANKING FINANCIAL INSTITUTIONS

4. FINANCE CHAPTERWISE NOTES FOR 2026/2027 Exam

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UNIT 1: 

- RESERVE BANK OF INDIA

- OBJECTIVES AND FUNCTIONS FOR VARIOUS TYPES OF DEVELOPMENT BANKS

UNIT 2:

- MONEY MARKET

- FOREIGN EXCHANGE MARKET

UNIT 3:

- CAPITAL MARKET: NEW ISSUE MARKET OR PRIMARY MARKET & STOCK EXCHANGE OR SECONDARY MARKET

- LISTING OF SECURITIES

- STOCK BROKER , METHODS OF TRADING

UNIT 4: 

- MODERN BANKING SERVICES

- LEASE FINANCE

- HIRE PURCHASE

- MUTUAL FUNDS

- VENTURE CAPITAL AND FACTORING

- FEE-BASED FINANCIAL SERVICES

- MERCHANT BANKING

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Summary chart of various Development banks to ease your study

Name	Full Form	Established on	Head Office
IFCI	Industrial Finance Corporation of India	1-7-1948	New Delhi
IDBI	Industrial Development Bank of India	July, 1964	Mumbai
SFCs	State Financial Corporations	1953(Punjab)	Every State
NABARD	National Bank for Agriculture and Rural Development	July, 1982	Mumbai
SIDCs	State Industrial Development Corporations	Not available	Every state
SIDBI	Small Industries Development Bank of India	1990	Lucknow
NEDFI	North Eastern Development Finance Corporation	1995	Guwahati
LICI	Life Insurance Corporation of India	1956	Mumbai
GICI	General Insurance Corporation of India	1972	Mumbai
UTI	Unit Trust of India	1963	Mumbai
MMMFs	Money Market Mutual Funds	1992	N/A
IBRD	International Bank for Reconstruction and Development (World Bank)	1945	Washington
IFC	International Finance Corporation	1956	Washington
IDA	International development Association	1960	Washington
IMF	International Monetary Fund	1945	Washington
ADB	Asian Development Bank	1966	Manila, Philippines