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Question 1
Consider the following statements regarding Non-Banking Financial Company (NBFC):
1) A Non-Banking Financial Company (NBFC) is registered under the Companies Act, 1956
2) It is mandatory for a NBFC to get itself registered with the RBI as a deposit taking company.
3) Venture Capital Fund, Merchant Banking companies and Stock broking companies are examples of NBFCs.
4) Venture Capital Fund, Merchant Banking companies and Stock broking companies are not registered with RBI.
Select the correct answer using the code given below:
1) A Non-Banking Financial Company (NBFC) is registered under the Companies Act, 1956
2) It is mandatory for a NBFC to get itself registered with the RBI as a deposit taking company.
3) Venture Capital Fund, Merchant Banking companies and Stock broking companies are examples of NBFCs.
4) Venture Capital Fund, Merchant Banking companies and Stock broking companies are not registered with RBI.
Select the correct answer using the code given below:
Question 2
Government had set up Narasimham Committee on Banking Sector Reforms. Consider the following recommendations of the Committee:
1) Greater autonomy for the public sector banks.
2) Segregation of the roles of RBI as a regulator of banks and owner of bank.
3) Demerger of large Indian banks.
4) Raising the prescribed capital adequacy norms.
Select the correct answer using the code given below:
1) Greater autonomy for the public sector banks.
2) Segregation of the roles of RBI as a regulator of banks and owner of bank.
3) Demerger of large Indian banks.
4) Raising the prescribed capital adequacy norms.
Select the correct answer using the code given below:
Question 3
Consider the following statements regarding Microfinance:
1) Microfinance refers to the provision of financial services to poor people like tiny and small industries, grocers, vegetable vendors and rickshaw pullers.
2) The innovative idea of Microcredit originated with the Grameen Bank of India.
Select the correct answer using the code given below:
1) Microfinance refers to the provision of financial services to poor people like tiny and small industries, grocers, vegetable vendors and rickshaw pullers.
2) The innovative idea of Microcredit originated with the Grameen Bank of India.
Select the correct answer using the code given below:
Question 4
Consider the following statements regarding Non-Performing Assets (NPAs):
1) In India, a loan is considered NPA if it has not been serviced for 180 days.
2) According to the Financial Stability Report, 2017, released by the RBI, India’s gross NPAs stands around 10% of total loans.
Select the correct answer using the code given below:
1) In India, a loan is considered NPA if it has not been serviced for 180 days.
2) According to the Financial Stability Report, 2017, released by the RBI, India’s gross NPAs stands around 10% of total loans.
Select the correct answer using the code given below:
Question 5
Ombudsman Scheme:
1) has been launched for redressal of complaints against non-banking financial companies (NBFC).
2) has been launched by Ministry of Finance.
3) will provide a cost-free and expeditious complaint redressal mechanism.
Select the correct answer using the code given below:
1) has been launched for redressal of complaints against non-banking financial companies (NBFC).
2) has been launched by Ministry of Finance.
3) will provide a cost-free and expeditious complaint redressal mechanism.
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Question 6
In order to tighten internal controls in banks following Rs 11,400 crore fraud that was unearthed at Punjab National Bank (PNB), RBI has directed banks to link SWIFT (Society for World Interbank Financial Telecommunication System platform) with their core banking solutions (CBS) by April 30, 2018. Consider the following statements regarding SWIFT:
1) SWIFT is a global network that enables financial institutions worldwide to send and receive information about financial transactions.
2) SWIFT facilitates transferring of funds.
3) SWIFT was founded in the year 1973.
Select the correct answer using the code given below:
1) SWIFT is a global network that enables financial institutions worldwide to send and receive information about financial transactions.
2) SWIFT facilitates transferring of funds.
3) SWIFT was founded in the year 1973.
Select the correct answer using the code given below:
Question 7
Consider the following statements regarding Reserve Bank of India (RBI):
1) RBI was set up by the RBI Act, 1934 as a private bank.
2) The Central Office of the Reserve Bank was initially established in Calcutta.
3) RBI was nationalized in 1955.
1) RBI was set up by the RBI Act, 1934 as a private bank.
2) The Central Office of the Reserve Bank was initially established in Calcutta.
3) RBI was nationalized in 1955.
Which of the statement given above is/are correct?
Question 8
The main functions of Reserve Bank of India (RBI) include:
1) Destroying currency and coins not fit for circulation.
2) Maintenance of foreign exchange market in India.
3) Formulating, implementing and monitoring the fiscal policy.
4) Issuing of all the currency and coins in country.
Select the correct answer using the code given below:
1) Destroying currency and coins not fit for circulation.
2) Maintenance of foreign exchange market in India.
3) Formulating, implementing and monitoring the fiscal policy.
4) Issuing of all the currency and coins in country.
Select the correct answer using the code given below:
Question 9
Which of the following statements are correct regarding Cash Reserve Ratio:
1) Cash Reserve Ratio is a certain percentage of bank deposits which banks are required to keep with RBI.
2) Cash Reserve Ratio has a range of 3 to 15%.
3) Higher value of Cash Reserve Ratio with the RBI leads to higher liquidity in the market.
Select the correct answer using the code given below:
1) Cash Reserve Ratio is a certain percentage of bank deposits which banks are required to keep with RBI.
2) Cash Reserve Ratio has a range of 3 to 15%.
3) Higher value of Cash Reserve Ratio with the RBI leads to higher liquidity in the market.
Select the correct answer using the code given below:
Question 10
The interest rate at which the RBI lends funds is called as the Bank Rate. Which of the following does not borrow money from RBI by paying interest at bank rate:
1) Union Government
2) State Government
3) Commercial Banks
4) NBFCs
Select the correct answer using the code given below:
1) Union Government
2) State Government
3) Commercial Banks
4) NBFCs
Select the correct answer using the code given below:
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Apr 22Other State PSC
