Top 50+ Solved Banking Sector Reforms MCQ Questions Answer
Q. Which of the following are loans of very small amounts given to low income groups or poor household?
a. Simple Credit
b. Rural Credit
c. Micro Credit
d. No Frills Loan
Q. Loans to poor people by banks have many limitations including lack of security and high operating cost.So to help them which type of finance system developed?
a. Ponzi schemes
b. Micro finance System
c. Money Laundering Schemes
d. Money Tampering Finance
Q. Which of the following statements related to Micro Finance System is wrong?
a. It provides micro credit having scope for small savings and remittances of funds
b. It based on the principles of livelihood creations
c. High volumes of low transactions done through this system
d. None is wrong
Q. When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as:
a. Term Deposit
b. Demand Deposit
c. Bond
d. Mortgage