MCQOPTIONS
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MCQOPTIONS
This section includes 815 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
India provided a grant of Rs 2 billion to which country's Gyalsung Infra Project? |
| A. | Bhutan |
| B. | Russia |
| C. | Denmark |
| D. | France |
| Answer» B. Russia | |
| 2. |
World Bicycle Day Day is being celebrated on which day? |
| A. | June 03 |
| B. | June 01 |
| C. | June 04 |
| D. | June 02 |
| Answer» B. June 01 | |
| 3. |
Which of the following statements is/ are correct about small finance bank? 1. Small finance banks can provide Loans and advances of up to Rs 25 lakhs, primarily to micro enterprises. 2. As per the RBI rules, small finance bank have to manage a quarter of their branches in un-banked rural areas |
| A. | Only 1 |
| B. | Only 2 |
| C. | Both |
| D. | None |
| Answer» B. Only 2 | |
| 4. |
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% |
| Answer» C. 75% | |
| 5. |
Which is India’s First payment bank? |
| A. | Airtel payments Bank |
| B. | Fino Payments bank |
| C. | Jio Payments bank |
| D. | Pay Tm Payments bank |
| Answer» B. Fino Payments bank | |
| 6. |
Entrepreneurs are best as ________________ |
| A. | Managers |
| B. | Venture capitalists |
| C. | Planners |
| D. | Doer |
| Answer» E. | |
| 7. |
Which of these accounts can be opened in payment bank? |
| A. | Savings Account |
| B. | Current Account |
| C. | Both A & B |
| D. | None of the above |
| Answer» D. None of the above | |
| 8. |
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 |
| Answer» B. Large public sector entities and industrial and business houses cannot open Small Finance Bank | |
| 9. |
What is the minimum capital required to set up payments bank? |
| A. | Rs 100 crore |
| B. | Rs 75 crore |
| C. | Rs 50 crore |
| D. | Rs 25 crore |
| Answer» B. Rs 75 crore | |
| 10. |
How many payments banks have actually started operations since RBI has grantedthe in-principle approval? |
| A. | 11 |
| B. | 10 |
| C. | 9 |
| D. | 6 |
| Answer» E. | |
| 11. |
What is not a mechanism that contributes to the success of Micro- credits? |
| A. | Dynamic incentives |
| B. | Peer monitoring |
| C. | Regular payment schedules |
| D. | Collaterals |
| Answer» E. | |
| 12. |
What is the deposit limit on saving accounts in the Payment banks? |
| A. | 1 lakh |
| B. | 2 lakh |
| C. | 5 lakh |
| D. | 10 lakh |
| Answer» C. 5 lakh | |
| 13. |
How much percentage of its funds is required to be invested by payments banks ingovernment securities or T-bills with maturity up to 1 year? |
| A. | 25% |
| B. | 40% |
| C. | 50% |
| D. | 75% |
| Answer» E. | |
| 14. |
After how many years of successful operation Payment bank can be converted intosmall finance bank? |
| A. | 4 |
| B. | 5 |
| C. | 7 |
| D. | 10 |
| Answer» C. 7 | |
| 15. |
What does the microfinance model Not predict: |
| A. | A decrease interest rates when repayment is regular & in time |
| B. | Homogeneous risk groups |
| C. | Self-selection of best borrowers |
| D. | None of the above |
| Answer» D. None of the above | |
| 16. |
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 |
| Answer» E. | |
| 17. |
What is the maximum permitted limit of balance at any point in time in PPIs permonth? |
| A. | Rs 75,000 |
| B. | Rs 1 lakh |
| C. | Rs 25,000 |
| D. | Rs 50,000 |
| Answer» E. | |
| 18. |
A CRM system helps companies - |
| A. | To Improve business relationships |
| B. | To connected to customers |
| C. | To improve profitability |
| D. | All the above |
| Answer» E. | |
| 19. |
The promoter’s minimum initial contribution to the paid-up equity capital of such small finance bank shall at least be 40 per cent and gradually brought down to ____ per cent within 12 years. |
| A. | 10% |
| B. | 26% |
| C. | 25% |
| D. | 20% |
| Answer» C. 25% | |
| 20. |
What is the FDI Limit in Small Finance Bank? |
| A. | 26% |
| B. | 49% |
| C. | 74% |
| D. | 100% |
| Answer» D. 100% | |
| 21. |
Venture capital is concerned with: |
| A. | New project having potential for higher profit |
| B. | New project of high technology |
| C. | New project having high risk |
| D. | All the above. |
| Answer» B. New project of high technology | |
| 22. |
Which of these statements best describes the context for entrepreneurship: |
| A. | Entrepreneurship takes place in small businesses |
| B. | Entrepreneurship does not take place in social enterprises |
| C. | Entrepreneurship takes place in a wide variety of contexts |
| D. | Entrepreneurship takes place in large businesses |
| Answer» D. Entrepreneurship takes place in large businesses | |
| 23. |
Which of the following payments bank launched Bharosa savings account scheme? |
| A. | India post payment bank |
| B. | Airtel payments bank |
| C. | Paytm Payment bank |
| D. | Aditya birla Idea payment bank |
| Answer» C. Paytm Payment bank | |
| 24. |
Which of the following takes the decisions regarding loans and savings in a self-helpgroup (SHG)? |
| A. | Government |
| B. | Non-government organisation |
| C. | Bank |
| D. | Group members |
| Answer» E. | |
| 25. |
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 |
| Answer» B. Mutual Funds | |
| 26. |
The development of a start-up based on an inventor's work often requires ________. |
| A. | Expertise of an entrepreneur |
| B. | Heavy investment from financers |
| C. | Skilled human resources |
| D. | Highly educated staff |
| Answer» B. Heavy investment from financers | |
| 27. |
What does it mean for microfinance institution (MFI) to be financiallysustainable? |
| A. | It has earned a large enough to operate without interest & fees from loans |
| B. | Its revenue from interest & fees exceeds its operating costs. |
| C. | Donors have guaranteed the funds will remain available |
| D. | It has earned the funds through commercialization. |
| Answer» C. Donors have guaranteed the funds will remain available | |
| 28. |
For first five years how much paid-up equity capital needs to be maintained bypromoters in payments bank? |
| A. | 20% |
| B. | 30% |
| C. | 40% |
| D. | 60% |
| Answer» D. 60% | |
| 29. |
The PPIs that are issued by an entity for facilitating the purchase of goods and services from that entity only and do not permit cash withdrawal are known as_____________ |
| A. | Open System PPIs |
| B. | Semi-closed System PPIs |
| C. | Semi-open System PPIs |
| D. | Closed System PPIs |
| Answer» E. | |
| 30. |
In __________________, the entrepreneur has the right to sell any assets. |
| A. | Proprietorship |
| B. | Partnership |
| C. | Limited Liability Company |
| D. | None of the given option |
| Answer» B. Partnership | |
| 31. |
How much credit small finance banks has to give to priority sectors? |
| A. | 50% |
| B. | 75% |
| C. | 40% |
| D. | 80% |
| Answer» C. 40% | |
| 32. |
Microfinance programmes were first created by Nobel prize winning EconomistMuhummad Yunus in what decade? |
| A. | 1950’s |
| B. | 1960’s |
| C. | 1970’s |
| D. | 1990’s |
| Answer» D. 1990’s | |
| 33. |
Who headed the committee to evaluate the license applications for PaymentBanks? |
| A. | C Rangarajan |
| B. | Usha Throat |
| C. | Nachiket Mor |
| D. | B. S Mehta |
| Answer» D. B. S Mehta | |
| 34. |
A CRM system is a better way to manage the _______ interactions andrelationships that drive success. |
| A. | External |
| B. | Internal |
| C. | Neutral |
| D. | None of above |
| Answer» B. Internal | |
| 35. |
What is NOT an innovation likely to explain the high repayment rates of microcredit programs? |
| A. | Promising larger and larger loans for borrowers in good standing |
| B. | Public repayments |
| C. | Strong competition between numerous microcredit programs to reduce interest rates |
| D. | Starting repayments before investments are likely to have borne fruit |
| Answer» D. Starting repayments before investments are likely to have borne fruit | |
| 36. |
In microfinance the demand side constraints |
| A. | Is lack of awareness |
| B. | distance from bank branch |
| C. | unsuitable product |
| D. | communication |
| Answer» B. distance from bank branch | |
| 37. |
How much percentage of its funds can be held by payments banks in current and time deposit with Scheduled Commercial Bank? |
| A. | 25% |
| B. | 40% |
| C. | 50% |
| D. | 75% |
| Answer» B. 40% | |
| 38. |
The decision to issue an in-principle approval for setting up of a Small Financebank will be taken by _____ |
| A. | Finance Ministry |
| B. | CBDT |
| C. | RBI |
| D. | SEBI in consultation with RBI |
| Answer» D. SEBI in consultation with RBI | |
| 39. |
SFBs will be permitted to use IRF for the purpose of proprietary hedging. Whatdoes F stands for in IRF? |
| A. | Forwards |
| B. | Funding |
| C. | Futures |
| D. | Focus |
| Answer» D. Focus | |
| 40. |
Loans to poor people by banks have many limitations including lack of securityand 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 |
| Answer» C. Money Laundering Schemes | |
| 41. |
Micro credit or micro finance is a novel approach to bank with the poor. In thisapproach bank credit is extended to the poor through |
| A. | .Self Help Groups |
| B. | Co-operative Credit Societies |
| C. | RBI |
| D. | Anganwadees |
| Answer» B. Co-operative Credit Societies | |
| 42. |
What is the minimum paid up capital requirement of small finance Banks? |
| A. | 100 crore |
| B. | 200 crore |
| C. | 50 crore |
| D. | 10 crore |
| Answer» B. 200 crore | |
| 43. |
The most cited source of new business ideas is |
| A. | brainstorming. |
| B. | in-depth understanding of industry/profession. |
| C. | a hobby. |
| D. | copying someone else. |
| Answer» C. a hobby. | |
| 44. |
What is the rate of interest offered on PPI balance? |
| A. | 1% |
| B. | 2% |
| C. | Zero |
| D. | 3% |
| Answer» D. 3% | |
| 45. |
The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an_____________________ |
| A. | inventor |
| B. | opportunist |
| C. | hacker |
| D. | craftsman |
| Answer» C. hacker | |
| 46. |
An entity registered under which act can issue PPIs? |
| A. | Reserve Bank of India Act, 1934 |
| B. | Companies Act, 1956 / Companies Act, 2013 |
| C. | Banking Regulations Act, 1949 |
| D. | Payment and. Settlement Systems Act, 2007 |
| Answer» C. Banking Regulations Act, 1949 | |
| 47. |
Small Finance Banks and Payments Bank are a type of? |
| A. | Shadow Bank |
| B. | Universal Bank |
| C. | Differentiated Bank |
| D. | Delivery Bank |
| Answer» D. Delivery Bank | |
| 48. |
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 |
| Answer» C. Money Laundering Schemes | |
| 49. |
Indian Micro Finance Institutes (MFI) usually adopt the group-based lending models, which are of two types. SHG model and JLG model. SHG means Self Help Group and JLG means ? |
| A. | Joint Liability Game |
| B. | Josh Liability Group |
| C. | Joint Loan Group |
| D. | Joint Liability Group |
| Answer» E. | |
| 50. |
To be a promoter in Small Finance Bank, resident individuals/professionals shouldhave ____ years of experience in banking and finance |
| A. | 5 |
| B. | 7 |
| C. | 10 |
| D. | 12 |
| Answer» D. 12 | |