Description : Which of the following holds 4% stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited
Last Answer : C. Aditya Birla Trustee Company Private Ltd Explanation: Aditya Birla Trustee Company Private Ltd – 4%
Description : With ICICI and BoB sold there shareholding in CIBIL, who has bought their percentage of shares? A) Aditya Birla Trustee Company Private Ltd. B) Indian Overseas Bank C) TransUnion International Inc D) Union Bank of India E) India Infoline Finance Limited
Last Answer : C) TransUnion International Inc Explanation: Earlier the shareholding patterns of CIBIL were TransUnion International Inc (66.1%) ICICI Bank Ltd (6%) Bank of Baroda (5%) Bank of India (5%) Union ... Private Ltd. (4%) India Alternatives Private Equity Fund (2.9%) India Infoline Finance Limited (1%)
Description : Which of the following has exited the shareholding of CIBIL? A) ICICI and Bank of India B) United Bank of India and Aditya Birla Trustee Company Private Ltd. C) United Bank of India and Bank of Baroda D) ICICI and Bank of Baroda E) Indian Overseas Bank and ICICI
Last Answer : D) ICICI and Bank of Baroda Explanation: ICICI Bank has sold its whole six per cent stake in the company, while Bank of Baroda has sold its whole five per cent holding.
Description : Which of the following holds majority stake in CIBIL? A. Bank of India B. Bank of Baroda C. United Bank of India D. TransUnion International E. ICICI Bank Ltd
Last Answer : D. TransUnion International Explanation: TransUnion International Inc (66.1%) ICICI Bank Ltd (6)% Bank of Baroda (5)% Bank of India (5)% Union Bank of India (5)% Indian Overseas Bank (5) ... Company Private Ltd. (4)% India Alternatives Private Equity Fund (2.9%) India Infoline Finance Limited (1%)
Description : Max Life and Max Financial Services have entered into merger agreement with which of the following insurance company? A) Oriental Insurance Company B) ICICI Prudential Life Insurance Co. Ltd C) HDFC Standard Life D) Tata AIG general Insurance E) Birla Sun Life Insurance
Last Answer : C) HDFC Standard Life Explanation: HDFC Standard Life and Max Life and Max Financial Services are entered into merger agreement that will create the largest private player in India s insurance ... lakh crore. A combination of the entities would be overtaking ICICI Prudential Life Insurance Co. Ltd
Description : Which of the following has/have received „certificate of registration‟ from insurance regulator IRDAI to commence insurance business in the country? A) Sahayog Microfinance Ltd B) Aditya Birla group C) Edelweiss Financial Services D) Both A and B E) Both B and C
Last Answer : E) Both B and C Explanation: Aditya Birla Health Insurance Co today said it has received ‗certificate of registration from regulator Irda, moving a step closer to commencing business. ... General Insurance Company in India, filed by Edelweiss General Insurance Company, a wholly owned subsidiary.
Description : In July, the UK government s development finance unit, CDC announced to infuse Rs 1,000 crore into its Finance unit in India to boost people s access to affordable housing. This finance unit is A) ... Finance C) IDF Financial Services Pvt Ltd D) YVU Financial Services Pvt Ltd E) None of these
Last Answer : B) India Infoline Finance Explanation: Diversified financial services company IIFL Holdings announced that UK governmentowned CDC Group will invest about Rs 1,000 crore in its unit India Infoline ... needs of under-served segments through diversified offerings, IIFL Holdings said in a release.
Description : Which of the following is/are technical partners of CIBIL? A. TransUnion International B. Dun and Bradstreet C. SIDBI & PSBs D. Both (A) and (B) E. Both (A) and (C)
Last Answer : D. Both (A) and (B) Explanation: TransUnion International and Dun and Bradstreet are technical partners of CIBIL.
Description : Which of the following plays an important role in the loan approval process? A. Credit Information Report (CIR) B. CIBIL TransUnion Score C. Only A D. Both (A) and (B) E. None of the Above
Last Answer : D. Both (A) and (B) Explanation: The Credit Information Report (CIR) and CIBIL TransUnion Score are very important in the loan approval process.
Description : Which of the following is not a private bank in India a. Axis Bank b. ICICI Bank c. IDBI Bank d. Development credit bank ltd
Last Answer : IDBI bank
Description : 9. Which of the following international organization has lead the race to buy stake in government controlled IDBI bank? A) Asian Development Bank B) Commonwealth Development Corporation C) International Finance Corporation D) GIC of Singapore E) None of these
Last Answer : C) International Finance Corporation Explanation: World Bank s private sector lending arm International Finance Corporation (IFC) has emerged as the top contender to buy around 15 per cent in government ... Corporation. IFC is World Bank arm and is looking for a greater say in running IDBI.
Description : Aadhar Housing Finance Ltd is going to be merged with which of the following? A) DHFL Vysya Housing Finance Ltd B) Cent Bank Home Finance Limited C) Housing and Urban Development Corporation Ltd. D) Manipal Housing Finance Syndicate Ltd. E) None of these
Last Answer : A) DHFL Vysya Housing Finance Ltd Explanation: Dewan Housing group companies Aadhar Housing Finance Ltd and DHFL Vysya Housing Finance Ltd will be merged into one to create a pan-India entity ... and provides financial support to India s scheme of promoting dwelling units for low income families.
Description : Which of the following company has changed its name to Bharat Financial Inclusion Ltd.? A) SKS Microfinance Ltd B) Spandana Sphoorty Financial Ltd C) Bhartiya Samruddhi Finance Limited D) Cashpor Micro Credit E) None of these
Last Answer : A) SKS Microfinance Explanation: The company had said the decision to change the name was taken as its core had undergone a transformation, equipping it to play a major role in fulfilling the ... presence across 18 states covering 1,00,000 villages, catering to its 63.65 lakh women members.
Description : SHCIL was established in 1986 under the Government of India as __________ A. Private Ltd B. Public Ltd C. Limited Liability Partnership D. Unlimited company E. None of the Above
Last Answer : B. Public Ltd Explanation: Stock Holding Corporation of India Limited(SHCIL) was established in 1986 under the Government of India as public limited company.
Description : What is the tagline of aditya birla hindalco?
Last Answer : Need answer
Description : Which of the following is/are non-banking subsidiary of the State Bank of India? A. SBI Capital Markets Ltd. B. SBI General Insurance Company Limited. C. SBI Funds Management Pvt Ltd. D. All of the Above E. None of the Above
Last Answer : D. All of the Above Explanation: SBI has the following Non-Banking Subsidiaries in India: SBI Capital Markets Ltd. SBI Funds Management Pvt Ltd. SBI Global Factors Ltd. SBI Cards & Payments ... (SBICPSL) SBI DFHI Ltd. SBI General Insurance Company Limited. SBI Pension Funds Pvt Ltd (SBIPFPL)
Description : Credit Information Bureau India Limited (CIBIL) is India‟s first Credit Information Company (CIC) headquartered at ________ A. Mumbai B. New Delhi C. Noida D. Gurugram E. Hyderabad
Last Answer : A. Mumbai Explanation: Credit Information Bureau (India) Limited (CIBIL) is India‘s first Credit Information Company (CIC) founded in August 2000. CIBIL collects and maintains records of an individual‘s payments pertaining to loans and credit cards.
Description : Which bank has become the first private sector bank to sell Indian gold coins? A) Dhanlaxmi Bank B) Federal Bank C) ICICI Bank D) IndusInd Bank E) Karur Vysya Bank
Last Answer : B) Federal Bank Explanation: Kerala based private sector lender, Federal Bank has tied up with MMTC for distribution of Indian Gold Coins (IGC), the first-Ever national gold offering by the government, which was launched by Prime Minister Narendra Modi In November 2015.
Description : RBI sold its stake in NABARD to the Government of India, which now holds _____ stake A. 65% B. 70% C. 95% D. 99% E. None of the Above
Last Answer : D. 99% Explanation: RBI sold its stake in NABARD to the Government of India, which now holds 99% stake.
Description : The World Bank in the month of March 2013 barred which company from doing any business with it or the projects funded by it for a period of six months? a) Punj Lloyd Group b) Lanco Infratech Limited c) Larsen & Toubro d) IVRCL Infrastructures & Projects Ltd
Last Answer : Answer: (c) Larsen & Toubro
Description : Which of the following holds majority stake in NABARD? A. RBI B. Government Of India C. IRDAI D. None of the Above
Last Answer : B. Government Of India Explanation: National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India, having headquarters in Mumbai, Maharashtra. RBI sold its stake in NABARD to the Government of India, which now holds 99% stake.
Description : ECGC Limited (Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by? A. RBI B. Government Of India C. IRDAI D. NABARD
Last Answer : B. Government Of India Explanation: ECGC Ltd. (Export Credit Guarantee Corporation of India Ltd.), wholly owned by Government of India, was set up in 1957 with the objective of ... comprising representatives of the Government, Reserve Bank of India, banking, and insurance and exporting community.
Description : Which of the following banks has teamed up with Apollo to set up asset reconstruction company (ARC)? A) SBI B) Punjab National Bank C) Axis Bank D) ICICI Bank E) Both A and D
Last Answer : D) ICICI Bank Explanation: With the banking sector buffeted by bad loans, the country s largest private lender ICICI Bank teamed up with private equity major Apollo Global Management to launch an ... will acquire debt from lenders and also take equity stakes in borrowers, a bank statement read.
Description : Which of the following holds majority stake in RRBs? A. Central Government B. State Government C. Sponsor Banks D. All of the Above
Last Answer : A. Central Government Explanation: The Regional Rural Banks were owned by the Central Government, the State Government and the Sponsor Bank. Central Government-50% State Government- 15% Sponsor Banks- 35%.
Description : Which of the following is the largest fertiliser producer in India? a) Coromande International Ltd. b) Indian Farmers Fertiliser Corporation Limited c) Gujarat State Fertilizers & Chemicals Ltd. d) Rashtriya Chemicals & Fertlizers Ltd.
Last Answer : b) Indian Farmers Fertiliser Corporation Limited
Description : Which sister organization of the World Bank helps private activity in developing countries by financing projects with long-term capital in the form of equity and loans ? 1. Asian ... . IMF 3. International Development Association 4. International Finance Corporation 5. None of these
Last Answer : International Finance Corporation
Description : Which of the following General Insurance Company has entered into agreement with Shamrao Vithal Co-operative (SVC) Bank for bancassurance business? A) Reliance General Insurance Co. Ltd. B) L&T General Insurance ... D) Future Generali India Insurance Co. Ltd. E) Tata AIG General Insurance Co. Ltd.
Last Answer : C) HDFC ERGO General Insurance Co. Ltd. Explanation: HDFC ERGO General Insurance Company and Shamrao Vithal Co-operative (SVC) Bank announced their bancassurance agency partnership to provide ... introducing innovative non-life insurance products with SVC Bank s customer base across various states.
Description : Which of the following is India‟s first Credit Information Company? A. CRISIL B. CIBIL C. SMERA D. CERSAI E. CARE
Last Answer : B. CIBIL Explanation: TransUnion CIBIL Limited is India s first Credit Information Company, also commonly referred as a Credit Bureau. It collect and maintain records of individuals and ... (CIR) and Credit Score is developed, enabling lenders to evaluate and approve loan applications.
Description : Which of the following is not an International Financial Institution A. ICICI B. IMF C. IDA D. World Bank
Last Answer : ICICI
Description : Which of the following is not an International Financial Institution? A. ICICI B. IMF C. D. IDA World Bank
Description : Which Financial institutions has announced a comprehensive Housing finance scheme called prapti with an attractive 4% interest rate? A) Tata Capita Housing B) LIC Housing C) Reliance Home D) HDFC Ergo E) Housing and Urban Development Corporation Ltd.
Last Answer : A) Tata Capita Housing Explanation: Tata Capita Housing Limited announced a Comprehensive Housing finance scheme called Prapti with an attractive 4% interest rate for people earning less than Rs 6 lakh a year.
Description : What is/are the credit rating agencies approved for the acceptance of public deposits by an HFC? A. The Credit Rating Information Services of India Ltd. (CRISIL) B. ICRA Ltd. C. Credit Analysis and Research Limited (CARE) D. FITCH Ratings India Pvt. Ltd. E. All of the Above
Last Answer : E. All of the Above Explanation: The HFC having credit rating can accept more deposits as compared to an HFC without such rating. The following credit rating agencies have been approved for the above ... ♦ ICRA Ltd. ♦ Credit Analysis and Research Limited (CARE) ♦ FITCH Ratings India Pvt. Ltd.
Description : Bank of India has sold how much percent of its stake in Star Union Dai-Ichi Life insurance to Dai-Ichi? A) 18% B) 26% C) 38% D) 15% E) 12%
Last Answer : A) 18% Explanation: The shareholding of Dai-Ichi in the Indian life insurance venture will now increase from 26% to 44% while Bank of India‘s shareholding will decrease from 30% to 48%. Union Bank will continue to hold 26%.
Description : According to Reserve Bank of India Regulations, “Universal Banks” are permitted to pick up stake in Payment Banks up to _________ A. 35% B. 25% C. 20% D. 40% E. 30%
Last Answer : E. 30% Explanation: RBI regulations allow universal banks to invest up 30 per cent in payments banks.
Description : Which of the following banks has reported its point of sales terminal (PoS) network as largest in the country? A) HDFC B) Punjab National Bank C) SBI D) ICICI E) Axis Bank
Last Answer : C) SBI Explanation: SBI‘s point of sales terminal network has become the largest in the country after it took over its private sector rivals. It plans to add 1 lakh PoS terminals in current fiscal ending March 2017.
Description : Which of the following banks has planned to commence urban microfinance operations in its 85 branches across the country? A) Yes Bank B) Kotak Mahindra Bank C) ICICI Bank D) Axis Bank E) None of these
Last Answer : D) Axis Bank Explanation: India s third largest private sector lender Axis Bank has forayed into Urban Microfinance segment and will now provide collateral free credit facilities to low- ... s flagship microfinance programme will be delivered via its technology driven ‗TAB based lending solution.
Description : Which of the following bansk has launched „Elite‟ card on the Master Card World platform which is enabled with NFC (Near Field Communication) technology? A) ICICI B) PNB C) SBI D) Axis Bank E) Canara Bank
Last Answer : C) SBI Explanation: This allows customers a contactless payment experience, adding more speed and suave to their wallets. The new card comes with a joining fee of Rs 4,999 and all customers will receive a welcome gift worth Rs 5,000 in the form of vouchers from popular lifestyle and travel brands.
Description : Which of the following banks have become the first banks to join SWIFT‟s global payments initiative? A) ICICI and HDFC Bank B) IndusInd Bank and SBI C) PNB and Federal Bank D) Axis Bank and ICICI E) ICICI and SBI
Last Answer : D) Axis Bank and ICICI Explanation: Global payments leader SWIFT said that ICICI Bank and Axis Bank have become the first domestic lenders to sign up for its global payments innovation initiative ... and global reach and in the first phase, the initiative will focus on business-tobusiness payments.
Description : Times Internet has partnered with which Bank to launch co-branded Debit Card? A) Punjab National Bank B) HDFC Bank C) ICICI Bank D) SBI E) None of these
Last Answer : B) HDFC Bank Explanation: Times Internet (part of Bennett, Coleman & Co that owns The Economic Times), in partnership with HDFC Bank, announced the launch of a co-branded card on Thursday called the Times Points Debit Card.
Description : Which two banks have been given the tag “too big too fail” for the year 2016? A) ICICI and Axis Bank B) Axis Bank and Punjab National Bank C) Punjab National bank and SBI D) SBI and ICICI E) SBI and Axis Bank
Last Answer : D) SBI and ICICI Explanation: The Reserve Bank of India retained the tag of -too big to fail banks for SBI and ICICI second year in a row. This means that the banking regulator ... time. Both these banks are required to make additional capital requirements after they were named as D-SIBs.
Description : Which of the following international organization is going to invest Rs 60 crore in Aadhar Housing Finance? A) International Monetary Fund B) International Finance Corporation C) Asian Development Bank D) World Bank E) European Investment Bank
Last Answer : B) International Finance Corporation Explanation: The World Bank s private sector funding arm International Finance Corporation (IFC) and Wadhawan Global Capital Pvt Ltd are going to raise their ... between them to help the housing loan provider to lower income families double its business.
Description : D) ICICI Bank Explanation: New features will enable customers to instantly pay taxes and book railway tickets within the app. iMobile users will also be able to purchase travel & motor insurance as well as buy mutual funds from 19 asset management companies.
Last Answer : According to HSBC, India is expected to contribute how much of the world GDP by the middle of next decade? A) 4.3% B) 4.9% C) 5.2% D) 3.4% E) None of these
Description : HDFC Ergo general insurance company has agreed to buy which of the following company‟s general insurance business for Rs 551 crore? A) L&T B) Tata C) ICICI Lombard D) Bajaj Allianz E) IFFCO-Tokio
Last Answer : A) L&T Explanation: HDFC has agreed to pay around 1.1 times the gross premium of L&T General Insurance Company This will help HDFC Ergo improve its ranking in the sector from fourth largest to third largest in the private sector insurance segment.
Description : Which of the following is not a member of the World Bank Group? A. International Development Association(IDA) B. International Bank for Reconstruction and Development(IBRD) C. International Finance Corporation(IFC) D. Bank of International Settlement(BIS)
Last Answer : D. Bank of International Settlement(BIS) Explanation: The World Bank Group is made of the following five organizations: International Bank for Reconstruction and Development (IBRD), established in ... -fosters international monetary and financial cooperation and serves as a bank for central banks .
Description : Who has been named as the best banking CEO in Asia? A) Shikha Sharma B) Uday Kotak C) Chanda Kochar D) Aditya Puri E) Arundhati Bhattacharya
Last Answer : D) Aditya Puri Explanation: Aditya Puri, the chief executive and managing director of the second largest private sector lender HDFC Bank has been ranked as the best banking CEO in Asia by the investor community.
Description : Which of the following was the first credit rating agency of India? A. CIBIL B. Equifax C. CRISIL D. ICRA E. Experian
Last Answer : A. CIBIL Explanation: Credit Information Bureau (India) Ltd; CIBIL is India s first Credit Information Company, also commonly referred as a Credit Bureau. We collect and maintain records of ... licensed by the RBI and governed by the Credit Information Companies (Regulation) Act of 2005.
Description : Which of the following is the slogan of CIBIL? A. Empowering Banks B. Empowering Women C. Empowering India D. Empowering you E. None of the Above
Last Answer : D. Empowering you Explanation: Slogan: Empowering you
Description : Which of the following is the only Central Record Keeping Agency (CRA) appointed by the Government of India? A. CIBIL B. SEBI C. NABARD D. SHCIL E. None of the Above
Last Answer : D. SHCIL Explanation: SHCIL is appointed as Central Record-keeping Agency (CRA) and associated with stamp duty collection and not valuation.
Description : IDBI, IFCI, ICICI etc. are promoted by_____.(a) private VCs b)VCFs of specialize financial institutions c) both )
Last Answer : b)VCFs of specialize financial institutions
Description : Which of the following companies has set up two wholly owned subsidiaries in July 2016, one for its broker business and another for insurance business? A) EXIM Bank B) Religare Enterprises C) Muthoot Finance D) Sahara Asset Management Company E) None of these
Last Answer : B) Religare Enterprises Explanation: Religare Enterprises has set up two wholly owned subsidiaries – Religare Broking Limited and Religare Insurance Ltd – as part of its restructuring plan.