1. Which of the following statements is/are correct? A) NBFCs does not hold a banking license. B) NBFC can issue Demand Drafts like banks.
Correct : A. Only A
2. Consider the following statements A) Chit Funds are type of NBFC B) All NBFCs are ruled by RBI C) RBI said any purchase of a stake of 26% or more in a company, or a change in more than 30% of its directors, would need the central bank's permission. Which of the above statements is/are correct?
Correct : C. A,C
3. A Non-Banking Financial Company (NBFC) is a company registered under the _______.
Correct : B. Companies Act, 1956
4. Which of the following activity is not permissible for NBFC?
Correct : D. construction of immovable property
5. A non-banking institution that has a principal business of receiving deposits under any scheme or
arrangement in one lump sum or in installments by way of contributions is known as?
Correct : C. Residuary non-banking company
6. Which of the following is false about NBFC?
Correct : D. NBFC cannot undertake insurance business
7. Which of the following does not have any roles in regulation of NBFCs?
Correct : C. SIDBI
8. The type of lease that includes a third party, a lender, is called as which of the following?
Correct : B. Leveraged lease
9. A Direct lease, a sale and leaseback, and a Leveraged lease are all examples of which of the following?
Correct : B. Financial leases
10. What are the benefits of leasing to other companies?
Correct : D. All of the above
11. A leveraged lease is a three-sided agreement among the following:
Correct : C. a and b
12. What is the full form of FASB?
Correct : A. Financial Accounting Standard Board
13. What is the full form of FLC?
Correct : C. Financial Leasing Company of India Limited
14. Which of the following is NOT a reason to invest in mutual funds?
Correct : D. Personal customized portfolio
15. A diversified equity fund is one which
Correct : C. Invests in stocks across various sectors
16. SIP is a
Correct : A. Method of regular investment
17. Does a balanced fund always invest its money in the ratio of 50:50 in equity and fixed income?
Correct : B. No
18. A liquid fund can invest its money in which of the following
Correct : B. Money market instruments of less than 91 days maturity
19. When was the Factoring Regulation Act passed in India?
Correct : A. 2011
20. What is the normal time period range for factoring in India?
Correct : D. 90 – 150 days
21. How many NBFC factors are there in India registered at present?
Correct : C. 7
22. Factoring Business is also known as by which of the following names?
Correct : D. All of the above
23. Which of the following are the characteristics of a Mortgage Loan?
Correct : D. All of the above
24. HFC stands for which of the following?
Correct : A. Housing Finance Company
25. National Housing Bank is wholly owned by which of the following institutions?
Correct : A. RBI
26. Which of the following give finance to young, start-up companies?
Correct : A. Venture Capital Firm
27. What is the full form of VCT?
Correct : A. Venture Capital Trusts
28. Venture capital was originated in which of the following countries?
Correct : C. USA
29. Industrial Finance Corporation of India (IFCI) was established in :
Correct : C. 1948
30. ”Development Banks” are
Correct : B. Financial sections which provide long term finance to industries
31. Industrial Development of was established as a subsidiary of
Correct : A. RBI
32. Which of the following is the first Development Bank of India
Correct : A. IFCI
33. Which of the following is a development bank?
Correct : B. NHB
34. Which development financial institution integrated with a bank?
Correct : B. ICICI LTD
35. Which is the financial development institution created specially for the small & medium enterprises
Correct : A. SIDBI
36. The premier export finance institution of the country is
Correct : C. EXIM Bank
37. Which financial institution is helping commercial banks is lending to the infrastructure sector?
Correct : C. IIFCL
38. The erstwhile Industrial Reconstruction Bank of India (IRBI) is now known as
Correct : D. Industrial Investment Bank of India Ltd
39. Which of the following is not correct about development banks in India?
Correct : B. They provide short term finance
40. Which agency is exclusively concerned with the credit needs of all types agricultural and rural
development?
Correct : D. NABARD
41. Which of the following is the apex institution which handles refinance for agriculture and rural
development in India?
Correct : C. NABARD
42. Which among the following is the oldest development Financial Institution of India?
Correct : D. IFCI
43. In India, the bank NABARD does not provide refinance to
Correct : D. state land development bank
44. Central Government’s contribution towards the capital of RRBs is made through
Correct : A. NABARD
45. At present the RBI holds one percent of shareholding in
Correct : C. NABARD
46. The headquarters of SIDBI is in
Correct : A. Lucknow
47. The Exim bank has been set up for the purpose of
Correct : D. All of the above
48. The Export-Import bank of India (Exim Bank) is a public sector financial institution created by an Act of parliament viz
Correct : C. Export-Import bank of India Act, 1981
49. The headquarter of NABARD is situated in
Correct : B. Mumbai
50. NABARD is a
Correct : C. Bank
51. Which of these DFI was primarily set up for the development of the Micro, Small and Medium
Enterprise (MSME) sector?
Correct : C. SIDBI
52. When was the Industrial Finance Corporation of India setup in India?
Correct : B. 1948
53. Co-operative development bank was set up by
Correct : A. NABARD
54. The Unit Trust of India (UTI) was set up in ……..
Correct : D. 1964
55. Which one of the following is the main objective of Unit Trust of India?
Correct : D. To mobilize the savings of low and middle income groups
56. Which one of the following is not used to estimate cost of equity capital?
Correct : A. External yield criterion
57. Which one of the following is the largest mutual fund organisation in India?
Correct : C. Unit Trust of India
58. In which of the following cities is the headquarters of the Unit Trust of India located?
Correct : B. Mumbai
59. Which of the following public sector banks has the largest number of loss making branches?
Correct : B. Syndicate Bank
60. Which of the following is not the name of an Insurance Scheme launched by the Government of India?
Correct : D. Varsha Bima Yojana
61. The Life Insurance Corporation of India has how many Zonal offices in India?
Correct : B. Eight
62. The punch line of the advertisement of which of the following organization is “Jindagi ke sath bhi
Jindagi ke bad bhi”?
Correct : D. Life Insurance Corporation Of India
63. The legislation to regulate insurance business in India was passed in which year?
Correct : B. 1912
64. The Hindustan Co-operative Insurance Company was set up in the year 1907 in which city?
Correct : D. Calcutta
65. Which type of insurance usually requires higher premium?
Correct : A. Broad Form insurance
66. Limit of FDI in Insurance sector:
Correct : C. 49%
67. In which year was the Life Insurance Corporation of India formed?
Correct : A. 1956
68. Which of the following statements about The Employees’ Provident Funds and (Miscellaneous Provisions) Act are true?
A) The Act is not applicable to cooperative societies employing less than 50 persons working with the aid of power.
B) It makes provision for pension scheme, including family pension.
C) There is no wage limit to be covered under the Act.
D) The Act has a provision relating to Employees’ Deposit-linked Insurance Scheme.
Correct : A. A, B & D
69. What is the present wage limit to be eligible to be covered under the Employees’ Provident Funds and
Miscellaneous Provisions Act, 1952?
Correct : B. Rs. 15,000
70. The chairman and members of Central Board constituted under Employees Provident Fund are
appointed by
Correct : C. Central Government
71. Under this act, how many members are appointed by the Central Government in Central Board
representing employees in the establishments to which the Scheme applies
Correct : B. 10
72. An employer who contravenes or makes default in complying with the provisions of section 6 of this
act, shall be punishable with imprisonment for a term which may extend to _____ years.
Correct : C. 3
73. The term “Appropriate Government” is defined in which section of the PF Act?
Correct : A. Section 2(a)
74. The pension plan in which the benefits of pension is paid by both parties involved , such as employers
and employees is classified as
Correct : C. Contributory plan
75. The type of pension plan in which all the benefits of pension are provided by the employer of the
organization employees is classified as
Correct : D. Non – Contributory plan
76. Section 2(aa) of the PF act defines the term ……………
Correct : B. Authorised Officer
77. Bonus is part of Basic Wages as defined in the respective section in the PF Act.
Correct : B. False
78. Section 2(d) of the Provident Fund Act defines ………
Correct : D. Controlled Industry
79. The term “Employer” is defined in the section ……….. of the PF Act.
Correct : A. 2(e)
80. Can an agent, of the owner of a factory, be termed as an employer?
Correct : A. Yes
81. The term “Exempted Employee” is defined under section ……. of the PF Act, 1952.
Correct : C. 2(ff)
82. Section 2(g) of the PF Act defines ………………
Correct : C. Factory
83. Under the PF Act, 1952 “Insurance Fund” means ……………
Correct : B. Deposit Linked Insurance Fund
84. Under this act, how many members are appointed by the Central Government in Central Board
representing employees in the establishments to which the Scheme applies
Correct : B. 10
85. The contribution which shall be paid by the employer to the Fund shall be
Correct : C. 12%
86. This Act shall not apply to any establishment registered under the Co-operative Societies Act, 1912 (2
of 1912), employing less than ------- persons and working without the aid of power.
Correct : C. 50
87. Employees’ Provident Funds Appellate Tribunal was constituted under Section ....... the this act.
Correct : D. 7D
88. When was SEBI constituted?
Correct : A. April, 1988
89. Which of the following statement is NOT correct about the SEBI?
Correct : A. At present it is a non statutory body
90. Which of the following words does not belong to the stock exchange?
Correct : D. KPO
91. Where is the headquarter of the SEBI?
Correct : D. Mumbai
92. Chairman of the SEBI is appointed for ………
Correct : D. Tenure not fixed
93. How many companies are included in the SENSEX?
Correct : A. 30
94. SEBI stands for:
Correct : A. Securities and Exchange Bank of India
95. SEBI get its statutory powers on:
Correct : C. 12 April, 1992
96. Which among the following complaints not dealt by SEBI: