Description : Which of the following is an Association of Commercial Banks, Financial Institutions and Primary Dealers? A. GOI B. RBI C. PSBs D. FEDAI E. FIMMDA
Last Answer : E. FIMMDA Explanation: FIMMDA stands for The Fixed Income Money Market and Derivatives Association of India (FIMMDA). It is an Association of Commercial Banks, Financial Institutions and Primary Dealers. FIMMDA is a voluntary market body for the bond, Money And Derivatives Markets.
Description : Who among the following appoints the “Authorized Dealers” for foreign exchange transactions? A. GOI B. RBI C. PSBs D. FEDAI E. FIMMDA
Last Answer : D. FEDAI Explanation: Foreign Exchange Dealer s Association of India (FEDAI) was set up in 1958 as an Association of banks dealing in foreign exchange in India (typically called Authorised Dealers - ... among banks vis-à-vis public and liaison with RBI for reforms and development of forex market.
Description : Which of the following contributed the entire paid-up capital in National Housing Bank(NHB)? A. GOI B. RBI C. SEBI D. NABARD E. None of the Above
Last Answer : B. RBI Explanation: RBI contributed the entire paid-up capital in National Housing Bank(NHB).
Description : NHB is wholly owned by ______ A. GOI B. RBI C. SEBI D. NABARD E. None of the Above
Last Answer : B. RBI Explanation: NHB is wholly owned by Reserve Bank of India.
Description : SMERA is a joint initiative of _________ A. SIDBI & Leading PSBs B. Dun & Bradstreet Information Services India Private Limited (D&B) & Leading Private Banks C. RBI & SEBI D. Both (A) and (B) E. Both (A) and (C)
Last Answer : D. Both (A) and (B) Explanation: SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India.
Description : National Housing Bank (NHB), a wholly owned subsidiary of _________ A. RBI B. Government Of India C. IRDAI D. State Government
Last Answer : A. RBI Explanation: National Housing Bank (NHB) is an apex level institution for housing. NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987. NHB is wholly owned by Reserve Bank of India, which contributed the entire paid-up capital.
Description : Who finalises the value and volume of the notes to be printed every year? A. Independently by Ministry of Finance B. Independently by Ministry of Government of India C. Committee of Bank Heads D. With Mutual Consultation of the GOI and Bank Heads E. With Mutual Consultation of the RBI and GOI
Last Answer : E. With Mutual Consultation of the RBI and GOI Explanation: The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the ... the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.
Description : Which of the following institutions is responsible for the supervision of RRBs? A. RBI B. SEBI C. NABARD D. GOI E. Both (A) and (C)
Last Answer : E. Both (A) and (C) Explanation: NABARD has been sharing with the Reserve Bank of India certain supervisory functions in respect of cooperative banks and Regional Rural Banks (RRBs).
Description : As per RBI said in its statement, banks have to seek whose permission before selling stake in stressed companies? A) GOI B) CVC C) RBI D) CBI E) Both B and D
Last Answer : E) Both B and D Explanation: Following the central bank s directive to banks to ensure that stake sales in stressed companies under the strategic debt restructuring (SDR) does not get ... the Central Vigilance Commission (CVC) before closing such deals, people familiar with the development said.
Description : Bank Holidays are covered by which of the following? A. As per the order of the GOI B. As per the order of the IBA C. Negotiable Instruments Act D. RBI Act E. Other than those given as options
Last Answer : C. Negotiable Instruments Act Explanation: Bank Holidays are declared by Central/State Governments/ Union Territory under the Negotiable Instruments (NI) Act, 1881.
Description : Spurious coins detected at the counter are sent to _____ A. RBI B. GOI C. IBRD D. Mint E. None of the Above
Last Answer : D. Mint Explanation: when Spurious coins tendered over the counter, it should be cut and handed over to the tenderer. If the tenderer disputes it, the coins should be sent to the mint at his cost, for examination.
Description : Which of the following provides license to a credit bureau? A. SEBI B. SIDBI C. NABARD D. RBI E. GOI
Last Answer : D. RBI Explanation: A Credit Bureau is licensed by the RBI.
Description : Which of the following will function as the Bharat Bill Payment Central Unit (BBPCU), single authorized entity operating the BBPS? A. RBI B. NPCI C. GOI D. All of the Above E. None of the Above
Last Answer : B. NPCI Explanation: National Payments Corporation of India (NPCI) will function as the authorized Bharat Bill Payment Central Unit (BBPCU), which will be responsible for setting business ... BBPCU, will also undertake clearing and settlement activities related to transactions routed through BBPS.
Description : Which of the following is the clearing agency for Government securities? A. RBI B. GOI C. CCIL D. SEBI E. None of the Above
Last Answer : C. CCIL Explanation: The CCIL is the clearing agency for Government securities. It acts as a Central Counter Party (CCP) for all transactions in Government securities by interposing itself between two counter parties.
Description : Which of the following is the Regulator of the credit rating agencies in India ? A. RBI B. SEBI C. SIDBI D. GOI E. None of the Above
Last Answer : B. SEBI Explanation: The capital market regulator regulates rating agencies in most regions. In India, the capital markets regulator, the Securities and Exchange Board of India (SEBI), regulates the rating agencies in the country.
Description : Which of the following does not guarantee the repayment of deposits accepted by NBFCs? A. RBI B. GOI C. SEBI D. NABARD E. None of the Above
Last Answer : A. RBI Explanation: RBI does not guarantee the repayment of deposits accepted by NBFCs.
Description : Which of the following is the parent organisation of UPI? A. RBI B. GOI C. NPCI D. All of the Above E. None of the Above.
Last Answer : C. NPCI Explanation: National Payments Corporation of India(NPCI) is the parent organisation of UPI(Unified Payment Interface)
Description : Banking Code & Standards Board of India(BCSBI) set up by ________ A. SEBI B. Ministry of Finance C. RBI D. GOI
Last Answer : C. RBI Explanation: The Banking Codes and Standards Board of India (BCSBI) is an independent banking industry watchdog that protects consumers of banking services in India. The board oversee compliance with the ―Code of Bank‘s Commitment to Customers‖
Description : The NHB, which a wholly – owned subsidiary of the_____.(a )SBI b) BOI c)RBI)
Last Answer : c)RBI)
Description : CERSAI incorporated with majority share holding of ________ A. Government of India B. National Housing Bank C. Public Sector Banks D. Both (B) and (C) E. (A), (C) and (B)
Last Answer : A. Government of India Explanation: 51% of the equity is owned by the government, and the rest is owned equally by National Housing Bank and 10 other public sector banks.
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 : Part of company‟s earning or profit which is paid out to share holders is known as _______ A. Premium B. Dividend C. Bonus D. Sum Assured E. Return
Last Answer : B. Dividend Explanation: A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, it can re-invest ... business (called retained earnings), and pay a fraction of the profit as a dividend to shareholders.
Description : Which of the following is/are functions of CERSAI? A. check frauds in lending against equitable mortgages B. maintains a central registry of equitable mortgages C. Provides loan D. Both (A) and (B) E. None of these
Last Answer : D. Both (A) and (B) Explanation: CERSAI was primarily created to check frauds in lending against equitable mortgages, in which people would take multiple loans on the same asset from different ... and hypothecation as well as to start registration of all other types of mortgages used in India.
Description : Which of the following defines the objectives of CERSAI? A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. B. Companies Act, 1956 C. Banking Regulation Act, 1949 D. Both (A) and (B) E. None of these
Last Answer : A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Explanation: The object of the company is to maintain and operate a Registration System ... Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. (SARFAESI Act).
Description : Which of the following is/are provided by the platform of CERSAI? A. Registrations of transactions of securitisation B. Asset Reconstruction C. Security Interest D. All of the Above E. None of these
Last Answer : D. All of the Above Explanation: The Company is providing the platform for filing registrations of transactions of securitisation, asset reconstruction and security interest by the banks and financial institutions.
Description : Financial institutions must register details of security interests created by them with CERSAI within howmany days of its creation? A. 30 B. 60 C. 15 D. 90 E. None of these
Last Answer : A. 30 Explanation: Financial institutions must register details of security interests created by them with CERSAI within 30 days of its creation.
Description : CERSAI was registered as a government-licensed company, under section 25 of _________ A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. B. Companies Act, 1956 C. Banking Regulation Act, 1949 D. Both (A) and (B) E. None of these
Last Answer : B. Companies Act, 1956 Explanation: Central Registry of Securitisation Asset Reconstruction and Security Interest of India is a company licensed under section 25 of the Companies Act, 1956
Description : The headquarters of CERSAI located in ________ A. Mumbai B. New Delhi C. Hyderabad D. Gurugram E. None of these
Last Answer : B. New Delhi Explanation: The headquarters of Central Registry of Securitisation Asset Reconstruction and Security Interest(CERSAI) located in New Delhi.
Description : What is the full form of CERSAI? A. Combined Registry of Securitisation Asset Reconstruction and Security Interest B. Central Registry of Securitisation Agency Reconstruction and Security Interest C ... D. Central Registry of Securitisation Asset Reconstruction and Security Interest E. None of these
Last Answer : D. Central Registry of Securitisation Asset Reconstruction and Security Interest Explanation: Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) is a central online security ... in which people would take multiple loans on the same asset from different banks.
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 : In terms of _________, HFCs cannot conduct business of housing finance without obtaining a Certificate of Registration (CoR) from NHB A. Section 29A of National Housing Bank 1987 B. Section 28A of National ... Housing Bank 1987 D. Section 26A of National Housing Bank 1987 E. None of the Above
Last Answer : A. Section 29A of National Housing Bank 1987 Explanation: In terms of section 29A of the National Housing Bank, 1987, HFCs cannot conduct business of housing finance without obtaining a Certificate of ... can also file application for winding up of such HFCs, under section 33B of the said Act.
Description : National Housing Bank(NHB) was set up under ___________ A. National Housing Bank Act, 1987 B. National Housing Bank Act, 1977 C. National Housing Bank Act, 1967 D. National Housing Bank Act, 1957 E. None of the Above
Last Answer : A. National Housing Bank Act, 1987 Explanation: NHB was set up on 9 July 1988 under the National Housing Bank Act, 1987.
Description : The Headquarters of NHB located in ________ A. Chennai B. Mumbai C. New Delhi D. Gurugram E. None of the Above
Last Answer : C. New Delhi Explanation: Headquarters of NHB located in New Delhi.
Description : Which of the following is an apex financial institution for housing? A. AIFI B. NHB C. DFI D. Both (A) and (B) E. None of the Above
Last Answer : B. NHB Explanation: NHB is an apex financial institution for housing. NHB has been established with an objective to operate as a principal agency to promote housing finance institutions both at local and regional levels.
Description : Long-term debt securities issued by the GOI or any of the State Government‟s or undertakings owned by them or by development financial institutions are called as ________ A. Shares B. Debentures C. Bonds D. Both (A) and (C) E. None of the Above
Last Answer : C. Bonds Explanation: Long-term debt securities issued by the Government of India or any of the State Government‘s or undertakings owned by them or by development financial institutions are called as bonds.
Description : Authorised Collection Center(ACC) is an agent appointed by SHCIL? A. SU-UTI B. GOI C. GIC D. SHCIL E. All of the Above
Last Answer : D. SHCIL Explanation: ACC means Authorised Collection Center (ACC). Its an agent appointed by SHCIL. ACC is the intermediary between the CRA and Stamp Duty payer.
Description : Can share holders influence a CEO of a company or a corporation ?
Last Answer : Shareholders certainly can influence the direction of a company. But you have to either have garnered enough support from other shareholders, or control enough of the stock to get the Board and executives ... There is contention over Exxon's future in going green and getting out of fossil fuels.
Description : Assertion (A) :The liability of share holders in a private limited company is limited to the amount. Reason (R) :The number of share holders of a private limited company is limited to fifty. A. Both A and R are ... correct explanation of A C. A is true but R is false D. A is false but R is true
Last Answer : D. A is false but R is true
Description : Cash flow from financing activities include payment of interest on borrowing and___ to share holders a) Dividend b) Interest c) Bonus d) Bonus shares
Last Answer : a) Dividend
Description : The ratio that shows the relationship between fixed asset to share holders fund a) Fixed asset to net worth b) Fixed asset ratio c) Fixed assets turn over ratio d) Net worth ratio
Last Answer : a) Fixed asset to net worth
Description : The ratio which shows the relationship b/w share holder’s fund and total assets a) Debit equity ratio b) Proprietary ratio c) Solvency ratio d) Fixed asset
Last Answer : b) Proprietary ratio
Description : The setting up of the National Housing Bank (NHB), a fully owned subsidiary of the Reserve Bank of India in _____ as the apex institution marketed the beginning of emergence housing finance as a fund based financial services in India.(a) 1987, b) 1978, c)1988)
Last Answer : c)1988)
Description : What is referred to as “Kissa-goi”? -SST 10th
Last Answer : Kissa-goi is the traditional art of storytelling.
Description : Govt fixes MSP for various .agri.commodities on the recommendation of a.CACP b.MoA c.GOI d. MoE
Last Answer : a.CACP
Description : The RBI has allowed Axis Bank to raise shareholding to up to ____ from the earlier limit of 49%. A) 54% B) 62% C) 59% D) 64% E) 70%
Last Answer : B) 62% Explanation: The Reserve Bank of India (RBI) allowed the bank to raise foreign shareholding limit to 62%, from the earlier limit of 49%. Foreign institutional investors (FIIs)/registered foreign ... 49% up to 62%of the paid-up capital of Axis Bank under the Portfolio Investment Scheme (PIS)
Description : RBI‟s which deputy governor/s is going to get retired on July 7 this year? A) Urjit Patel B) SS Mundra C) R Gandhi D) HR Khan E) All of the above
Last Answer : D) HR Khan Explanation: Khan is due to retire on July 7 as he turns
Description : Who is the head of committee which has been made to select the next RBI governor, as present RBI Governor Mr. Raghuram Rajan‟s term will end in closer to September 2016? A) PK Mishra B) Urjit Patel C) R Gandhi D) P K Sinha E) None of these
Last Answer : D) P K Sinha Explanation: The committee route would be in sync with PM Narendra Modi‘s remark that the appointment is an ―administrative decision‖ that will be taken closer to September when Rajan‘s term ends. PK Sinha is the Cabinet Sectretary.
Description : Which of the following has decided to block LPG subsidy and PAN of the tax defaulters? A) RBI B) SBI C) Income Tax Department D) Govt. of India E) Finance Ministry
Last Answer : C) Income Tax Department Explanation: Income Tax Department is set to block Permanent Account Number (PAN) of wilful defaulters and their LPG subsidy and take measures to ensure that they are not sanctioned loans.
Description : Name the newly appointed deputy governor of RBI. A) NS Vishwanathan B) KR Subramaniam C) Sarvesh Rana D) NS Iyer E) None of these
Last Answer : A) NS Vishwanathan Explanation: The Union Government has appointed NS Vishwanathan as deputy governor of the Reserve Bank of India (RBI). His appointment was approved by the Appointments Committee of the Cabinet (ACC) presided by Prime Minister Narendra Modi in New Delhi.
Description : Who has been appointed as the head of Working Group on Fin Tech and Digital Banking by RBI? A) NS Vishwanathan B) KR Subramaniam C) Sarvesh Rana D) NS Iyer E) Sudarshan Sen
Last Answer : E) Sudarshan Sen Explanation: The Reserve Bank of India (RBI) has set up an inter-regulatory Working Group to study the regulatory issues relating to Financial Technology (Fintech) and Digital ... Working Group will be headed by RBI s Executive Director Sudarshan Sen and consist of 12 members.