Impact of Globalization on Banking Sector in India

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Questions and Answers

What characterized the first phase of development of banking industry in post independent India?

  • Expansion of Branch net-work of Banks
  • Control of more than 84% of banking business by PSBs
  • Frequent failures and liquidation of Banks (correct)
  • Financial stability of Public Sector Banks (PSBs)

During which era did the first phase of development of banking industry in post independent India take place?

  • Pre-nationalisation era from 1947 to 1969 (correct)
  • Post-nationalisation cum pre-liberalisation era from 1969 to 1991
  • Neo-liberalisation era from 1991 onwards
  • None of the above

What percentage of the banking business in India is controlled by Public Sector Banks (PSBs)?

  • Less than 50%
  • Around 70%
  • More than 90%
  • Around 84% (correct)

What was the impact of globalization on the overall growth rate of the Indian economy?

<p>Favorable impact (D)</p> Signup and view all the answers

Which era saw a sea-change in the Banking scenario with financial stability of Public Sector Banks and expansion of Branch net-work of Banks?

<p>Post-nationalisation cum pre-liberalisation era (B)</p> Signup and view all the answers

What was the characteristic of the first phase in the development of banking industry in India from 1947 to 1969?

<p>City-centric private Banking (B)</p> Signup and view all the answers

What was India's growth rate in the 1970s?

<p>3% (D)</p> Signup and view all the answers

What sector is one of the most important and influential in response to changes, whether international or domestic?

<p>Banking sector (A)</p> Signup and view all the answers

Which country had a GDP growth rate more than twice that of India in the 1970s?

<p>Korea (B)</p> Signup and view all the answers

What did the second phase of banking sector reforms in India strengthen?

<p>Globalization (B)</p> Signup and view all the answers

What did the first economic reforms in India give birth to?

<p>Globalization (C)</p> Signup and view all the answers

What does globalization refer to?

<p>Overall integration of the world (D)</p> Signup and view all the answers

What has globalization led to in the banking sector?

<p>Increase in international competition (C)</p> Signup and view all the answers

What has globalization made the banks tend to do?

<p>Maximize opportunities and gains (A)</p> Signup and view all the answers

What has globalization brought to the banking sector?

<p>New dimensions and unlimited scope (A)</p> Signup and view all the answers

What was India's average annual growth rate in the 1980s?

<p>5.9% (B)</p> Signup and view all the answers

What was the percentage of banking business controlled by Public Sector Banks (PSBs) during the post-nationalisation era?

<p>More than 80% (D)</p> Signup and view all the answers

What was the characteristic of the first phase in the development of the banking industry in India from 1947 to 1969?

<p>Frequent failures and liquidation of Banks (A)</p> Signup and view all the answers

What was the impact of globalization on the overall growth rate of the Indian economy?

<p>Favorable impact on growth rate (B)</p> Signup and view all the answers

During which era did the neo-liberalisation era in the development of the banking industry in post-independent India take place?

<p>1991 onwards (B)</p> Signup and view all the answers

What did the second phase of banking sector reforms in India strengthen?

<p>Public Sector Banks' financial stability (C)</p> Signup and view all the answers

What has globalization intensified between economies in the world market?

<p>Interdependence and competition (B)</p> Signup and view all the answers

What was India's average annual growth rate in the 1970s?

<p>3% (C)</p> Signup and view all the answers

Which country had a GDP growth rate more than twice that of India in the 1970s?

<p>Korea (A)</p> Signup and view all the answers

What was the impact of globalization on the overall economic integration of the world?

<p>Significant integration (B)</p> Signup and view all the answers

What did the second phase of banking sector reforms in India strengthen?

<p>Indian banking system (A)</p> Signup and view all the answers

During which era did the first economic reforms in India give birth to globalization?

<p>Post-independence era (C)</p> Signup and view all the answers

What has globalization made the banks tend to do?

<p>Increase international competition (B)</p> Signup and view all the answers

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