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</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</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</p> Signup and view all the answers

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

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

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

    <p>Globalization</p> Signup and view all the answers

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

    <p>Globalization</p> Signup and view all the answers

    What does globalization refer to?

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

    What has globalization led to in the banking sector?

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

    What has globalization made the banks tend to do?

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

    What has globalization brought to the banking sector?

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

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

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

    What has globalization intensified between economies in the world market?

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

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

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

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

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

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

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

    What has globalization made the banks tend to do?

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

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