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.
| 51. |
A small loan amount given to low-income households or groups is known as________ . |
| A. | Cash credit |
| B. | Micro credit |
| C. | Rural credit |
| D. | Simple credit |
| Answer» C. Rural credit | |
| 52. |
Entrepreneurship can best be described as: |
| A. | a process that requires setting up a business |
| B. | taking a significant risk in a business context |
| C. | having a strong vision |
| D. | a process involving innovation, new products or services, and value creation |
| Answer» E. | |
| 53. |
Paytm, MobiKwik is an example of which type of PPI? |
| A. | Semi-closed System PPIs |
| B. | Open System PPIs |
| C. | Closed System PPIs |
| D. | Semi-Open System PPIs |
| Answer» B. Open System PPIs | |
| 54. |
Which of the following is not one of the types of PPIs issued? |
| A. | Closed System PPIs |
| B. | Semi-closed System PPIs |
| C. | Open System PPIs |
| D. | Semi-open System PPIs |
| Answer» E. | |
| 55. |
The informal sector loans incorporate _______ . |
| A. | State Bank of India |
| B. | Moneylenders |
| C. | NABARD |
| D. | Both (A) and (B) |
| Answer» C. NABARD | |
| 56. |
Smart Card is ______ |
| A. | Special purpose Cards |
| B. | Microprocessor Cards |
| C. | Processing unit contains memory for storing data |
| D. | Processing unit for software |
| Answer» C. Processing unit contains memory for storing data | |
| 57. |
Contemporary microfinance programs are incredibly diverse which of thefollowing are the same for all MFIs. |
| A. | Types & sizes of loans |
| B. | Eligibility |
| C. | Recruitment practices |
| D. | Goal is to improve lives of poor people |
| Answer» E. | |
| 58. |
Identify the true statement about Small Finance Bank(SFB). |
| A. | SFBs are not required to maintain CRR |
| B. | SFBs cannot carry out lending activity |
| C. | SFBs will be covered by the Banking Ombudsman (BO) Scheme. |
| D. | SFBs can carry out all para-banking activity. |
| Answer» D. SFBs can carry out all para-banking activity. | |
| 59. |
Who is eligible to be a promoter of small finance banks? |
| A. | Individuals |
| B. | Corporates |
| C. | Trusts |
| D. | All of the above |
| Answer» E. | |
| 60. |
What is NOT a source of difficulty in the estimation of the impact of microfinanceprojects? |
| A. | we do not observe what would have happened in absence of the microfinance project |
| B. | participants systematically differ from non participants in their propensity to benefit from micro-loans |
| C. | microfinance programs are not located randomly, they are often located in disfavoured areas |
| D. | microfinance programs are often targeted to women |
| Answer» E. | |
| 61. |
……………………….credit card gives all the advantages of a normal credit card without worrying about the interest charges. |
| A. | Prepaid |
| B. | Post paid |
| C. | both of these |
| D. | none of these |
| Answer» B. Post paid | |
| 62. |
What is TRUE of group lending clause? |
| A. | Dealing with groups instead of individuals reduces transaction costs for the bank |
| B. | Group arrangements teach the bank a great deal about who is safe and who is risky |
| C. | Group lending reduces inequality between borrowers: all benefit from the same interest rate |
| D. | Group loans are always cheaper than individual loans |
| Answer» E. | |
| 63. |
In …………………..type of payment system customer is allowed to spend only up to the amount that have pre deposited into account. |
| A. | Prepaid |
| B. | Post paid |
| C. | both of these |
| D. | none of these |
| Answer» B. Post paid | |
| 64. |
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 |
| Answer» E. | |
| 65. |
Which of the following is an example of Open System PPIs? |
| A. | Rupay |
| B. | Paytm Wallet |
| C. | Ola Money |
| D. | All the above |
| Answer» B. Paytm Wallet | |
| 66. |
What is NOT a potential limit of group lending? |
| A. | Monitoring group members can be costly for borrowers |
| B. | Group lending uses social sanctions instead of collateral foreclosure |
| C. | Group lending brings added risks for borrowers, those of others members’ default. |
| D. | Exclusion of all group members after one of them default is too harsh a punishment. |
| Answer» C. Group lending brings added risks for borrowers, those of others members’ default. | |
| 67. |
The Micro Finance Institutions (MFI) differ from one another in terms of – |
| A. | Product offering |
| B. | Loan repayment Structure |
| C. | Product offerings |
| D. | All of these |
| Answer» E. | |
| 68. |
The promoter’s minimum initial contribution to the paid-up equity capital of small finance bank shall at least be ____ per cent. |
| A. | 10% |
| B. | 25% |
| C. | 26% |
| D. | 40% |
| Answer» E. | |
| 69. |
Who launched an 'India Micro-finance Platform', a portal on micro-finance activities across the country, with the assistance of World bank funds on 28th June 2013 ? |
| A. | SBI |
| B. | ICICI |
| C. | SIDBI |
| D. | Exim Bank |
| Answer» D. Exim Bank | |
| 70. |
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 |
| Answer» B. Banking Regulation Act, 1949 | |
| 71. |
Who introduced the concept of Micro Finance in Bangladesh in the form of the"Grameen Bank"? He is the Nobel laureate known by many as the "father of micro finance systems". |
| A. | C. D. Deshmukh |
| B. | Amartya Sen |
| C. | Muhammad Yunus |
| D. | Sheik Haseena |
| Answer» D. Sheik Haseena | |
| 72. |
In the Open System PPIs, the outstanding amount should notexceed______________ at any point. |
| A. | Rs 10,000 |
| B. | Rs 50,000 |
| C. | Rs 1 lakh |
| D. | Rs 2 lakh |
| Answer» D. Rs 2 lakh | |
| 73. |
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 |
| Answer» B. Reserve Bank of India Act, 1934 | |
| 74. |
What is the maximum amount of loan can be extended by payments banks? |
| A. | 25000 |
| B. | 50000 |
| C. | 100000 |
| D. | No lending power |
| Answer» E. | |
| 75. |
The following statements are related to Micro Finance System. Locate the wrong option ? |
| A. | It provides micro credit having scope for small savings and remittance of funds |
| B. | It based on the principle of livelihood creation |
| C. | The livelihood mission means engaging in activities in a routine fashion to generate cash or non-cash income |
| D. | None |
| Answer» E. | |
| 76. |
Which option blocks the poor to get bank loans? |
| A. | Absence of collateral |
| B. | High rates of interest |
| C. | Complexity of procedure |
| D. | None of the above |
| Answer» B. High rates of interest | |
| 77. |
Which of these cannot be issued by payment bank? |
| A. | Debit card |
| B. | ATM card |
| C. | Credit Card |
| D. | All of the above |
| Answer» D. All of the above | |
| 78. |
What can be the minimum initial contribution to the paid –up equity capital ofsmall finance banks? |
| A. | 40% |
| B. | 25% |
| C. | 75% |
| D. | 50% |
| Answer» B. 25% | |
| 79. |
A business where an individual is both the owner and conductor of the businessaffairs is called__________________. |
| A. | Sole Proprietorship |
| B. | Partnership |
| C. | Corporation |
| D. | None of the above |
| Answer» B. Partnership | |
| 80. |
The following statements are related to Micro Finance System. Locate the wrongoption ? |
| A. | It provides micro credit having scope for small savings and remittance of funds |
| B. | It based on the principle of livelihood creation |
| C. | The livelihood mission means engaging in activities in a routine fashion to generate cash or non-cash income |
| D. | None |
| Answer» E. | |
| 81. |
In july 2020 which of the following payment bank has launched a “Bhavishya”saving account for minors? |
| A. | Airtel payments bank |
| B. | Fino payments bank |
| C. | Post payments bank |
| D. | Paytm Payments Bank |
| Answer» C. Post payments bank | |
| 82. |
What is the maximum validity period of a PPI? |
| A. | 6 months |
| B. | 12 months |
| C. | 9 months |
| D. | 3 months |
| Answer» C. 9 months | |
| 83. |
What is Pradhan Mantri Suraksha Bima Yojana (PMSBY) Life insurance |
| A. | cover Accidental insurance |
| B. | cover Life insurance cover |
| C. | Overdraft up to Rs.5,000/- |
| D. | None of above |
| Answer» B. cover Life insurance cover | |
| 84. |
Who introduced the concept of Micro Finance in Bangladesh in the form of the "Grameen Bank"? He is the Nobel laureate known by many as the "father of micro finance systems". |
| A. | C. D. Deshmukh |
| B. | Amartya Sen |
| C. | Muhammad Yunus |
| D. | Sheik Haseena |
| Answer» D. Sheik Haseena | |
| 85. |
2. This P is not a part of the 7Ps of marketing mix? |
| A. | (a) Promotion |
| B. | (b) Price |
| C. | (c) People |
| D. | (d) Purpose |
| Answer» E. | |
| 86. |
Debt equity ratio ascertains soundness of………. financial position |
| A. | long term |
| B. | Short term |
| C. | Yearly |
| D. | all of above |
| Answer» B. Short term | |
| 87. |
Housing loan granted to public indivisual upto rupees………….for construction of houses treated as priority sector advances |
| A. | 5 lakh |
| B. | 10 lakh |
| C. | 15 lakh |
| D. | 20 lakh |
| Answer» E. | |
| 88. |
Two basic measures of liquidity are : |
| A. | (A) Inventory turnover and Current ratio |
| B. | (B) Current ratio and Quick ratio |
| C. | (C) Gross Profit ratio and Operating ratio |
| D. | (D) Current ratio and Average |
| Answer» D. (D) Current ratio and Average | |
| 89. |
All the scheduled banks are to extend…………% of the total credit to priority sector |
| A. | 18% |
| B. | 40% |
| C. | 32% |
| D. | 12% |
| Answer» C. 32% | |
| 90. |
EPS helps in determining the …………. of the equity share of the MFI |
| A. | market price |
| B. | Earning per share |
| C. | Average price |
| D. | cost price |
| Answer» C. Average price | |
| 91. |
What is the Cash Reserve Ratio (CRR)? |
| A. | the fraction of the deposits that commercial banks lend |
| B. | the fraction of the deposits that RBI must |
| C. | the fraction of the deposits that |
| D. | none of the above |
| Answer» D. none of the above | |
| 92. |
Nutritional level of food energy is expressed in the form of |
| A. | (a) calories per day |
| B. | (b) wheat consumption |
| C. | (c) rice consumption per day |
| D. | (d) none of the above |
| Answer» B. (b) wheat consumption | |
| 93. |
Which of these was the first RRB to be set up in India? |
| A. | Gaur Gramin Bank |
| B. | Pratham Bank |
| C. | Himachal Bank |
| D. | Aruchal Rural Bank |
| Answer» C. Himachal Bank | |
| 94. |
In order to meet the working capital requirement in agriculture, banks issue the card |
| A. | General Credit Card |
| B. | SME Credit Card |
| C. | Swaroj Credit Card |
| D. | Kisan Credit Card |
| Answer» E. | |
| 95. |
7. Services are characterized by all of the following characteristics except for |
| A. | A. Intangibility. |
| B. | B. Homogeneity |
| C. | C. Perishability. |
| D. | D. Inseparability |
| Answer» C. C. Perishability. | |
| 96. |
Balance sheet is the summary of ………………… |
| A. | General Information |
| B. | Financial position |
| C. | profit and loss position |
| D. | loan status |
| Answer» C. profit and loss position | |
| 97. |
Prudential norms of the banks includes |
| A. | IRAC norms |
| B. | provisioning norms |
| C. | CRAR norms |
| D. | all of the above |
| Answer» E. | |
| 98. |
Financial statements are the …………. |
| A. | Trading account , Profit and Loss account |
| B. | Balance sheet |
| C. | (a) and (b) |
| D. | Neither (a) nor (b) |
| Answer» D. Neither (a) nor (b) | |
| 99. |
Education loan granted to indivisual for educational purposes upto rupess…… for |
| A. | 7 lakh |
| B. | 10 lakh |
| C. | 15 lakh |
| D. | 20 lakh |
| Answer» C. 15 lakh | |
| 100. |
In India, which organizations take care of the agriculture and rural development credits |
| A. | IDBI |
| B. | NABARD |
| C. | ICAR |
| D. | FCI |
| Answer» C. ICAR | |