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  

1 Answer

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 with Rs 3,300 crore of loan assets for financing affordable housing, a priority area for the Narendra Modi-led government. The merger plan received backing from International Finance Company (IFC), which holds 20% in Aadhar Finance and provides financial support to India‘s scheme of promoting dwelling units for low income families.

Related questions

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 : 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 : 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 : 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 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%

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 : 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 : 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 : 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 : Which of the following private banks has signed an agreement with Reliance Jio Money for One-Click payment service ? A) Laxmi Vilas Bank B) Federal Bank C) South Indian Bank D) Karnataka Bank E) Karur Vysya Bank

Last Answer : B) Federal bank Explanation: Federal bank has signed an agreement with Reliance Jio Money for One-Click payment service. Reliance Jio money is a wallet application that will be launched soon for mobile devices where Federal bank will enable a direct payment option for its customers.

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 : Which of the following is an apex institution in the field of Industrial Finance? A. Industrial Reconstruction Bank of India B. Industrial Finance Corporation of India C. Industrial Development Bank of India D. Industrial Credit & Investment Corporation of India

Last Answer : C. Industrial Development Bank of India Explanation: IDBI is the apex financial institution and besides providing financial assistance on consortium basis, the major function of coordination between the ... , transport generation and distribution of power etc. both in private and public sectors.

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 : 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 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 : 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.

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 : Which sister organization of the World Bank provides long term loans at zero interest to the poor and developing countries ? 1. Asian Development Bank 2. IMF 3. International Development Association 4. International Finance Corporation 5. None of these

Last Answer : International Development Association

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 central government agency is responsible for the mapping and exploration of minerals? (a) The Geological Survey of India (b) Surveyor General of India (c) National Mineral Development Corporation Ltd (d) Indian Bureau of Mines

Last Answer : Ans: (a)

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 : 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 : 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 : When was the department of housing and urban development established?

Last Answer : 1965

Description : International Finance Corporation formed as a ________body of the World Bank. A. As a subsidiary body B. As a main body C. As a competitive body D. As a holding body

Last Answer : A. As a subsidiary body

Description : Which nationalized bank of India has a shining star as its emblem? (1) Syndicate Bank (2) Indian Bank (3) Bank of India (4) Bank of Baroda

Last Answer : (3) Bank of India Explanation: The new logo of the Bank of Baroda is a unique representation of a universal symbol. It comprises dual 'B' letterforms that hold the rays of the rising ... the bank offers rewarding careers and to our investors and business partners, maximum return on their investment.

Description : Which natioalised bank of India has a shining star as its emblem? (1) Syndicate Bank (2) Indian Bank (3) Bank of India (4) Bank of Baroda

Last Answer : Bank of India

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 : Headquarter of Agriculture of Finance Corporation(AFC) is situated at_______ A. Mumbai B. New Delhi C. Noida D. Gurugram E. Hyderabad

Last Answer : A. Mumbai Explanation: Headquarter of AFC is situated at Mumbai. The Company has three Regional Offices at Kolkata, New Delhi and Bangalore besides three Branch Offices at Lucknow, Hyderabad and Pune and Field Offices at Kalahandi, Bargarh (Orissa) and Godda (Jharkhand).

Description : The IMGC is the sole provider of mortgage guarantor for housing finance in India. The alphabet “I” in the abbreviation IMGC stands for________ A. India B. Institute C. Internal D. Informative E. International

Last Answer : A. India Explanation: Mortgage Guarantee (also known as mortgage insurance in some parts of the world) is a financial product which compensates lending institutions or housing finance companies for ... down-payment amounts) earlier in life than would have been possible without IMGC s involvement.

Description : Reserve bank of India is a/an _______. A. statutory corporation. B. company limited by guarantee. C. company limited by shares. D. unlimited company.

Last Answer : A. statutory corporation.

Description : What is the full form of 'DHFL' ? -How To ?

Last Answer : The full form of 'DHFL' is Dewan Housing Finance Corporation

Description : Stock Holding Corporation of India Limited is owned by? A. SU-UTI B. NIA C. GIC D. LIC E. All of the Above

Last Answer : E. All of the Above Explanation: Stock Holding Corporation of India Limited(SHCIL) is owned by the India‘s leading Banks and Financial Institutions such as, SU-UTI, IFCI Ltd., LIC, GIC, NIA, NIC, UIC, and TOICL.

Description : Match the following: Public Sector Undertaking Location A. Fertilizer Corporation of India 1. Pimpri B. Hindustan Antibiotics Ltd. 2. Sindri C. Indian Rare Earth's Ltd. 3. Nepanagar D. National Newsprint Ltd. 4. Alwaye A B C D (a) 2 1 4 3 (b) 1 2 3 4 (c) 4 3 2 1 (d) 3 1 2 4

Last Answer : Ans: (a)

Description : Consider the following statements: 2. In India, the maximum part of electric energy is generated by the hydroelectric plants. 3. In India, the maximum part of electric energy is generated by the thermal power plants. 4. Neyveli Lignite ... CPO AC 2003] (a) 2 and 3 (b) 1 and 3 (c) 2 only (d) 3 only

Last Answer : Ans: (a)

Description : Match the following: Public Sector Undertaking Location A. Fertilizer Corporation of India 1. Pimpri B. Hindustan Antibiotics Ltd. 2. Sindri C. Indian Rare Earths Ltd. 3. Nepanagar D. National Newsprint Ltd. 4. Alwaye A B C D (a) 2 1 4 3 (b) 1 2 3 4 (c) 4 3 2 1 (d) 3 1 2 4

Last Answer : Ans: (a)

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 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 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 : Earlier in July, which of the following companies was upgraded to a high safety grade by Crisil? A) Manappuram Finance Limited B) Mahindra Finance C) Muthoot Finance D) Kosamattam E) None of these

Last Answer : C) Muthoot Finance Explanation: Ratings firm Crisil has upgraded Muthoot Finance‘s long-term debt rating to a high safety grade of AA/stable from AA-/stable earlier. Under Crisil scale, AA rating will fall under high safety category and carries very low credit risk.

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 : Vedant gets his student scholarship directly in his a/c linked with Aadhar. 

Last Answer : Identify and explain the concepts from the given illustrations: Vedant gets his student scholarship directly in his a/c linked with Aadhar.

Description : The franked articles will be tendered at the counter secured in separate bundles and identification of the licensee’s representative must accompanied a) Ration card b) Aadhar card c) Window delivery ticket d) Id card

Last Answer : c) Window delivery ticket

Description : Cabinet Committee on Economic Affairs (CCEA) cleared the proposal of Axis Bank for increasing foreign shareholding limit from existing 62 per cent to ____ per cent. A) 70% B) 84% C) 74% D) 65% E) None of these

Last Answer : C) 74% Explanation: Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi cleared the proposal of Axis Bank for increasing foreign shareholding limit from existing 62 per cent to 74 per cent.

Description : Pradhan Mantri Awaas Yojana was lunched in _____with an aim to provide affordable housing to urban poor.(a) June 2016, b) June 2015,c)June 2018)

Last Answer : b) June 2015

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 is an example of a government transfer payment? (a) Purchase of a new car for the Ministry of Finance ; (b) Funding of a clinic to provide free vaccinations. ; (c) Free food coupons issued to persons in an anti-poverty program. ; (d) Funding of a new bridge in an urban area

Last Answer : (c) Free food coupons issued to persons in an anti-poverty program. ;

Description : NABARD is a Bank for _____________ development A. Urban B. Agricultural and Rural C. Scientific D. Agriculture and research

Last Answer : B. Agricultural and Rural

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.