MCQOPTIONS
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MCQOPTIONS
This section includes 26 Mcqs, each offering curated multiple-choice questions to sharpen your Master of Business Administration (MBA) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which of the following takes the decisions regarding loans and savings in a self-help group (SHG)? |
| A. | Government |
| B. | Non-government organisation |
| C. | Bank |
| D. | Group members |
| Answer» E. | |
| 2. |
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 | |
| 3. |
What is NOT a source of difficulty in the estimation of the impact of microfinance projects? |
| 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. | |
| 4. |
Microfinance programmes were first created by Nobel prize winning Economist Muhummad Yunus in what decade? |
| A. | 1950 s |
| B. | 1960 s |
| C. | 1970 s |
| D. | 1990 s |
| Answer» D. 1990 s | |
| 5. |
Micro credit or micro finance is a novel approach to bank with the poor. In this approach 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 | |
| 6. |
Contemporary microfinance programs are incredibly diverse which of the following 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. | |
| 7. |
What does it mean for microfinance institution (MFI) to be financially sustainable? |
| 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 | |
| 8. |
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 | |
| 9. |
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. | |
| 10. |
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 | |
| 11. |
For first five years how much paid-up equity capital needs to be maintained by promoters in payments bank? |
| A. | 20% |
| B. | 30% |
| C. | 40% |
| D. | 60% |
| Answer» D. 60% | |
| 12. |
How much percentage of its funds is required to be invested by payments banks in government securities or T-bills with maturity up to 1 year? |
| A. | 25% |
| B. | 40% |
| C. | 50% |
| D. | 75% |
| Answer» E. | |
| 13. |
How many payments banks have actually started operations since RBI has granted the in-principle approval? |
| A. | 11 |
| B. | 10 |
| C. | 9 |
| D. | 6 |
| Answer» E. | |
| 14. |
Who headed the committee to evaluate the license applications for Payment Banks? |
| A. | C Rangarajan |
| B. | Usha Throat |
| C. | Nachiket Mor |
| D. | B. S Mehta |
| Answer» D. B. S Mehta | |
| 15. |
A CRM system is a better way to manage the _______ interactions and relationships that drive success. |
| A. | External |
| B. | Internal |
| C. | Neutral |
| D. | None of above |
| Answer» B. Internal | |
| 16. |
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 | |
| 17. |
After how many years of successful operation Payment bank can be converted into small finance bank? |
| A. | 4 |
| B. | 5 |
| C. | 7 |
| D. | 10 |
| Answer» C. 7 | |
| 18. |
For Small Finance Bank, ____ of its loan portfolio should constitute loans and advances of upto Rs. 25 lakh. |
| A. | 25 % |
| B. | 50% |
| C. | 75% |
| D. | 95% |
| Answer» C. 75% | |
| 19. |
What can be the minimum initial contribution to the paid up equity capital of small finance banks? |
| A. | 40% |
| B. | 25% |
| C. | 75% |
| D. | 50% |
| Answer» B. 25% | |
| 20. |
A business where an individual is both the owner and conductor of the business affairs is called__________________. |
| A. | Sole Proprietorship |
| B. | Partnership |
| C. | Corporation |
| D. | None of the above |
| Answer» B. Partnership | |
| 21. |
To be a promoter in Small Finance Bank, resident individuals/professionals should have ____ years of experience in banking and finance |
| A. | 5 |
| B. | 7 |
| C. | 10 |
| D. | 12 |
| Answer» D. 12 | |
| 22. |
SFBs will be permitted to use IRF for the purpose of proprietary hedging. What does F stands for in IRF? |
| A. | Forwards |
| B. | Funding |
| C. | Futures |
| D. | Focus |
| Answer» D. Focus | |
| 23. |
The decision to issue an in-principle approval for setting up of a Small Finance bank will be taken by _____ |
| A. | Finance Ministry |
| B. | CBDT |
| C. | RBI |
| D. | SEBI in consultation with RBI |
| Answer» D. SEBI in consultation with RBI | |
| 24. |
Which of the following is not the part of organized sector of Indian Money Market? |
| A. | Chit Funds |
| B. | Mutual Funds |
| C. | Non-Banking Financial Companies |
| D. | Reserve Bank of India |
| Answer» B. Mutual Funds | |
| 25. |
What is the maximum permitted limit of balance at any point in time in PPIs per month? |
| A. | Rs 75,000 |
| B. | Rs 1 lakh |
| C. | Rs 25,000 |
| D. | Rs 50,000 |
| Answer» E. | |
| 26. |
In the Open System PPIs, the outstanding amount should not exceed______________ at any point. |
| A. | Rs 10,000 |
| B. | Rs 50,000 |
| C. | Rs 1 lakh |
| D. | Rs 2 lakh |
| Answer» D. Rs 2 lakh | |