Top 80+ Solved Trends and Cases in Finance MCQ Questions Answer
Q. Which of the following is not the part of organized sector of Indian MoneyMarket?
a. Chit Funds
b. Mutual Funds
c. Non-Banking Financial Companies
d. Reserve Bank of India
Q. An arrangement in which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money by way of periodical installments over a definite period and that each such subscriber shall, in his turn be entitled to the prize amount is called?
a. Chit
b. Chitty
c. Kury
d. All of the above
Q. What is the minimum paid up capital requirement of small finance Banks?
a. 100 crore
b. 200 crore
c. 50 crore
d. 10 crore
Q. Which of the following operations are undertaken by small finance banks?
a. Accepting deposits
b. Disbursing small loans
c. Sell insurance products
d. All of the above
Q. Who is eligible to be a promoter of small finance banks?
a. Individuals
b. Corporates
c. Trusts
d. All of the above
Q. What can be the minimum initial contribution to the paid –up equity capital ofsmall finance banks?
a. 40%
b. 25%
c. 75%
d. 50%
Q. For Small Finance Bank, ____ of its loan portfolio should constitute loans andadvances of upto Rs. 25 lakh.
a. 25 %
b. 50%
c. 75%
d. 95%
Q. Small Finance Banks are registered under which Act?
a. Companies Act, 2013
b. Banking Regulation Act, 1949
c. Reserve Bank of India Act, 1934
d. Credit Information Companies (Regulation) Act, 2005
Q. Small Finance Bank are licensed under which Act?
a. Banking Regulation Act, 1949
b. Reserve Bank of India Act, 1934
c. Payment and Settlement Systems Act, 2007
d. Companies Act, 2013
Q. Which of the following statement is wrong about Small Finance Banks?
a. It can be Business Correspondent (BC) for another bank
b. Large public sector entities and industrial and business houses cannot open Small Finance Bank
c. SFBs are encouraged to lend to SHGs
d. SFBs will be covered by the Banking Ombudsman (BO) Scheme