The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above

The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above
by

1 Answer

Answer :

D. Central Fraud Registry Explanation: The Reserve Bank of India has operationalised a Central Fraud Registry (CFR). The registry will make available more information to banks at the time of starting a banking relationship, extending credit facilities or at any time during the operation of an account. The CFR is a centralised searchable database which can be accessed by banks.
by
selected

Related questions

B) Scheme for Sustainable Structuring of Stressed Assets Explanation: Under a new ‗Scheme for Sustainable Structuring of Stressed Assets‘ (S4A), RBI allowed banks to take equity in debt laden firms permitting them to split total loans of struggling companies into sustainable and unsustainable based on the cash flows of the projects.

Description : B) Scheme for Sustainable Structuring of Stressed Assets Explanation: Under a new ‗Scheme for Sustainable Structuring of Stressed Assets (S4A), RBI allowed banks to take equity in debt ... loans of struggling companies into sustainable and unsustainable based on the cash flows of the projects.

Last Answer : Which bank has launched India‟s first certified green bond at London Stock Exchange (LSE)? A) State Bank of India B) Bank of Baroda C) ICICI Bank D) Axis Bank E) None of these

The “Stand Up India” is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _______ A. SIDBI B. NABARD C. RBI D. MUDRA E. DRDA

Description : The “Stand Up India” is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _______ A. SIDBI B. NABARD C. RBI D. MUDRA E. DRDA

Last Answer : A. SIDBI Explanation: The ―Stand up India Scheme‖ is being launched now to promote entrepreneurship among Scheduled Caste/Schedule Tribe and Women for loans in the range of Rs. 10 Lakhs to Rs. 100 Lakhs. The bank loans under the scheme shall be referenced to SIDBI.

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

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

The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after receiving it from banks and other financial intermediaries is ________ A. RBI B. Financial Intelligence Unit(FIU) C. Intelligence Bureau(IB) D. Central Bureau of Investigation(CBI) E. Central Intelligence Unit(CIU)

Description : The national agency mandated to control, analyse and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various investigative agencies of the country after ... (IB) D. Central Bureau of Investigation(CBI) E. Central Intelligence Unit(CIU)

Last Answer : B. Financial Intelligence Unit(FIU) Explanation: The FIU is the national agency mandated to collect, analyse and disseminate Suspicious Transaction Reports (STRs), Cash Transaction Reports ... country after receiving it from banks and other financial intermediaries under a stipulated mechanism.

For expanding access to banking services, the RBI has advised banks to open branches with minimum infrastructure support of 8 to 10BC units at a reasonable 3-4km. Such branches are known as _______ A. White Label ATMs B. Ultra Small Branches C. Banking Kiosks D. CBS Terminals E. ICT Hubs

Description : For expanding access to banking services, the RBI has advised banks to open branches with minimum infrastructure support of 8 to 10BC units at a reasonable 3-4km. Such branches are known as _______ A. White Label ATMs B. Ultra Small Branches C. Banking Kiosks D. CBS Terminals E. ICT Hubs

Last Answer : B. Ultra Small Branches Explanation: Ultra Small Branches may be set up between the base branch and BC locations so as to provide support to about 8-10 BC Units at a reasonable distance ... for operating large customer transaction and would have to be managed full time by bank officers/ employees.

RBI can inspect the branches of Banks under _______ of the Banking Regulation Act, 1949 A. Section 35 B. Section 25 C. Section 15 D. Section 30 E. None of the Above

Description : RBI can inspect the branches of Banks under _______ of the Banking Regulation Act, 1949 A. Section 35 B. Section 25 C. Section 15 D. Section 30 E. None of the Above

Last Answer : A. Section 35 Explanation: RBI can inspect the branches of Banks under section 35 of the Banking Regulation Act, 1949

The National Agricultural Insurance Scheme in its first two years of operation envisaged to cover...... (A) all crops-grown by small and marginal farmers only (B) all crops-cultivated with the help of crop loans only irrespective of the size of holding of the borrowers (C) all food crops-cultivated by all types of farmers (D) only horticultural crops (E) only seven commercial crops-grown under contract farming system

Description : The National Agricultural Insurance Scheme in its first two years of operation envisaged to cover...... (A) all crops-grown by small and marginal farmers only (B) all crops-cultivated with ... of farmers (D) only horticultural crops (E) only seven commercial crops-grown under contract farming system

Last Answer : (B) all crops-cultivated with the help of crop loans only irrespective of the size of holding of the borrowers

Scheduled banks are required to keep cash reserve with RBI, interms of _______ A. Section 24 of the Banking Regulation Act, 1949 B. Section 20 of the Banking Regulation Act, 1949 C. Section 42(i) of the RBI Act, 1934 D. Section 42 of Negotiable Instruments Act

Description : Scheduled banks are required to keep cash reserve with RBI, interms of _______ A. Section 24 of the Banking Regulation Act, 1949 B. Section 20 of the Banking Regulation Act, 1949 C. Section 42(i) of the RBI Act, 1934 D. Section 42 of Negotiable Instruments Act

Last Answer : C. Section 42(i) of the RBI Act, 1934 Explanation: Every bank included in the Second Schedule shall maintain with the Bank an average daily balance the amount.

Credit rating _______ A. is used to rate the borrowers while giving advances B. is used to work out performance of the employees C. is used to calculate the number of excellent audit rated branches D. is not used in any bank E. is necessary before giving promotion to employees

Description : Credit rating _______ A. is used to rate the borrowers while giving advances B. is used to work out performance of the employees C. is used to calculate the number of excellent audit rated branches D. is not used in any bank E. is necessary before giving promotion to employees

Last Answer : A. is used to rate the borrowers while giving advances Explanation: Credit rating is an analysis of the credit risks associated with a financial instrument or a financial entity. An assessment of the creditworthiness of a borrower with respect to a particular debt or financial obligation.

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

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.

Should lenders be allowed to make loans they don't expect borrowers to be able to repay?

Description : Should lenders be allowed to make loans they don't expect borrowers to be able to repay?

Last Answer : answer:No, they should not. It is greed on their parts. Should people think responsibly and not take on more debt than they can? Of course. In the case of some of these outrageous mortgages, ... simplifying the process and forcing them to disclose in plain English would go a long way to helping.

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)

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.

The ______setting are automatic and standard: a) Default b) CPU c) Peripheral d) User Friendly e) Defaulter

Description : The ______setting are automatic and standard: a) Default b) CPU c) Peripheral d) User Friendly e) Defaulter

Last Answer : a) Default

Which of the following High Courts has ruled that banks can recover bad loans from person‟s saving account if the agreement allows? A) Punjab and Haryana B) Madras C) Mumbai D) Assam E) Kerala

Description : Which of the following High Courts has ruled that banks can recover bad loans from person‟s saving account if the agreement allows? A) Punjab and Haryana B) Madras C) Mumbai D) Assam E) Kerala

Last Answer : B) Madras Explanation: If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench

7. What are the reasons why the banks might not be willing to lend to certain borrowers? -Economics 10th

Description : 7. What are the reasons why the banks might not be willing to lend to certain borrowers? -Economics 10th

Last Answer : The reasons why banks might not be willing to lend money to certain borrowers are given below:Some people fail to provide the required set of documents to get a loanIrregular wages and ... loansCertain borrowers are added to the list of NPAsThere is high risk in approving loans to entrepreneurs

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

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.

According to _________, Any person can also search and inspect the records maintained by the Registry on payment of fees. A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. B. Companies Act, 1956 C. Both (A) and (B) D. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011 E. None of these

Description : According to _________, Any person can also search and inspect the records maintained by the Registry on payment of fees. A. Securitisation and Reconstruction of Financial Assets and Enforcement of ... Assets and Enforcement of Security Interest (Central Registry) Rules, 2011 E. None of these

Last Answer : D. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011 Explanation: Any person can also search and inspect the records maintained by the ... are planning to purchase, is free of any loan/security interest created by a lender.

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. Combined Registry of Securitisation Agency Reconstruction and Security Interest D. Central Registry of Securitisation Asset Reconstruction and Security Interest E. None of these

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.

Which one of the following statements is false ? (A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank (B) The RBI manages longterm liquidity through rapos (C) The RBI manages longterm liquidity through Open Market Operations (D) Open Market Operations do not alter the total stock of govt. securities but change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks

Description : Which one of the following statements is false ? (A) The Open Market Operations involve the sale or purchase of govt. securities by the Central Bank (B) The RBI manages longterm liquidity through ... change the proportion of govt. securities held by the RBI, Commercial Banks and Co-operative Banks

Last Answer : Answer: The RBI manages longterm liquidity through rapos

Who are eligible for obtaining a PLI Policy of the following a) Central/Stage Govt employees b) Defense services c) Nationalized banks/RBI d) All the above

Description : Who are eligible for obtaining a PLI Policy of the following a) Central/Stage Govt employees b) Defense services c) Nationalized banks/RBI d) All the above

Last Answer : d) All the above

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

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.

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

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.

Which of the following is India‟s first Credit Information Company? A. CRISIL B. CIBIL C. SMERA D. CERSAI E. CARE

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.

4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy-making body is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Description : 4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy- ... is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Last Answer : a. it is a system of 12 central banks

RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms? A) Syndicate Bank B) United Bank of India C) Indian Overseas Bank D) UCO Bank E) Vijaya Bank

Description : RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms? A) Syndicate Bank B) United Bank of India C) Indian Overseas Bank D) UCO Bank E) Vijaya Bank

Last Answer : D) UCO Bank Explanation: Reserve Bank of India has told state-run Uco Bank to pay Rs 1 crore penalty for flouting bill discounting norms which allowed current account holders siphon out funds.

RBI has imposed how much fine on 13 banks for violation of FEMA and lapses in know your client (KYC) rules? A) Rs 24 crore B) Rs 25 crore C) Rs 27 crore D) Rs 28 crore E) Rs 29 crore

Description : RBI has imposed how much fine on 13 banks for violation of FEMA and lapses in know your client (KYC) rules? A) Rs 24 crore B) Rs 25 crore C) Rs 27 crore D) Rs 28 crore E) Rs 29 crore

Last Answer : C) Rs 27 crore Explanation: The Reserve Bank of India has come down hard on 13 banks and fined them for Rs 27 crore for violation of FEMA and lapses in know your client (KYC) rules.

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

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.

Banks are required to maintain SLR under_____ A. Section 24 of the Banking Regulation Act B. Section 35 of the Negotiable Instrument Act, 1881 C. Section 24 of RBI Act D. Section 40 of Indian Contract Act, 1872 E. None of the Above

Description : Banks are required to maintain SLR under_____ A. Section 24 of the Banking Regulation Act B. Section 35 of the Negotiable Instrument Act, 1881 C. Section 24 of RBI Act D. Section 40 of Indian Contract Act, 1872 E. None of the Above

Last Answer : A. Section 24 of the Banking Regulation Act Explanation: SLR is governed by the provisions of Section 24 of the Banking Regulation Act. There is no minimum stipulation on SLR (earlier there used to ... with an amendment to the Banking Regulation Act in 2007). However, SLR can not exceed 40%.

The “in-principle” approval for setting up „small finance banks‟ granted by RBI will be valid for ______ A. 12 Months B. 24 Months C. 10 Months D. 18 Months E. None of the Above.

Description : The “in-principle” approval for setting up „small finance banks‟ granted by RBI will be valid for ______ A. 12 Months B. 24 Months C. 10 Months D. 18 Months E. None of the Above.

Last Answer : D. 18 Months Explanation: The ―in-principle‖ approval granted will be valid for 18 months to enable the applicants to comply with the requirements under the Guidelines and fulfil other conditions as may be stipulated by the RBI.

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

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.

Any acquisition by the Payment Banks that are more than ____ will require approval of the RBI. A. 5% B. 10% C. 15% D. 20% E. None of the Above

Description : Any acquisition by the Payment Banks that are more than ____ will require approval of the RBI. A. 5% B. 10% C. 15% D. 20% E. None of the Above

Last Answer : A. 5% Explanation: Any acquisition of more than 5% will require approval of the RBI.

According to RBI Regulations, which of the following are allowed to set up small finance banks? A. NBFC B. MFI C. LAB D. All of the Above E. None of the Above

Description : According to RBI Regulations, which of the following are allowed to set up small finance banks? A. NBFC B. MFI C. LAB D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: The firms must have a capital of Rs.100 crore.Existing non-banking financial companies (NBFC), micro-finance institutions (MFI) and local area banks (LAB) are allowed to set up small finance banks.

The interest rate charged by banks on short term loans to their largest, most secure and most creditworthy customers is called _______

Description : The interest rate charged by banks on short term loans to their largest, most secure and most creditworthy customers is called _______

Last Answer : Prime lending rate

Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future? (A) Bombay Stock Exchange (BSE) (B) Indian Banks Association (IBA) (C) Securities Exchange Board of India (SEBI) (D) Reserve Bank of India (RBI)

Description : Which of the following apex body and regulators has asked banks to swap customer related information so that the frauds and defaults may be prevented in future? (A) Bombay Stock Exchange (BSE) (B) Indian Banks ... (IBA) (C) Securities Exchange Board of India (SEBI) (D) Reserve Bank of India (RBI)

Last Answer : Answer: Reserve Bank of India (RBI)

What is a debt defaulter ?

Description : What is a debt defaulter ?

Last Answer : When a loan or loan installment is not repaid after a certain period of time as per the terms of the agreement for any reason , the loan is defaulted.

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

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%)

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

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.

Which of the following was the first credit rating agency of India? A. CIBIL B. Equifax C. CRISIL D. ICRA E. Experian

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.

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

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%)

Which of the following holds minority 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

Description : Which of the following holds minority 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 : E. India Infoline Finance Limited Explanation: India Infoline Finance Limited – 1%

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

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%

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)

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.

How many divisions are there in CIBIL? A. one B. Two C. Three D. Four E. None of the Above

Description : How many divisions are there in CIBIL? A. one B. Two C. Three D. Four E. None of the Above

Last Answer : B. Two Explanation: It has two divisions : Consumer Bureau and Commercial Bureau

Which of the following is the country‟s largest custodian and depository participant? A. CIBIL B. SEBI C. NABARD D. SHCIL E. None of the Above

Description : Which of the following is the country‟s largest custodian and depository participant? A. CIBIL B. SEBI C. NABARD D. SHCIL E. None of the Above

Last Answer : D. SHCIL Explanation: Stock Holding Corporation of India Ltd (SHCIL), India‘s largest custodian and depository participant.

SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments? A) 0.2% B) 0.4% C) 0.6% D) 0.8% E) None of these

Description : SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments? A) 0.2% B) 0.4% C) 0.6% D) 0.8% E) None of these

Last Answer : C) 0.6% Explanation: Based on the methodology announced by the central bank, SBI will need to maintain additional capital equivalent to 0.6 per cent of its loans and investments while ICICI will need to maintain 0.2 per cent more.

The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above

Description : The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above

Last Answer : C. Middle Income Developing Countries Explanation: The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to middle-income developing countries.

Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : D. SARFAESI Act, 2002 Explanation: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an ... allows banks and other financial institution to auction residential or commercial properties to recover loans.

Payment Banks can not issue ________ A. Credit Card B. Debit Card C. loans D. Both (B) and (C) E. Both (A) and (C)

Description : Payment Banks can not issue ________ A. Credit Card B. Debit Card C. loans D. Both (B) and (C) E. Both (A) and (C)

Last Answer : E. Both (A) and (C) Explanation: Payment banks cannot issue loans and credit cards while at the same time current account and savings accounts can be operated by such banks.