1. Which option blocks the poor to get bank loans?
Correct : A. Absence of collateral
2. Which of the following takes the decisions regarding loans and savings in a self-help
group (SHG)?
Correct : D. Group members
3. The informal sector loans incorporate _______ .
Correct : B. Moneylenders
4. A small loan amount given to low-income households or groups is known as
________ .
Correct : B. Micro credit
5. What is NOT an innovation likely to explain the high repayment rates of microcredit programs?
Correct : C. Strong competition between numerous microcredit programs to reduce interest rates
6. What is NOT a potential limit of group lending?
Correct : B. Group lending uses social sanctions instead of collateral foreclosure
7. What is TRUE of group lending clause?
Correct : D. Group loans are always cheaper than individual loans
8. What is NOT a source of difficulty in the estimation of the impact of microfinance
projects?
Correct : D. microfinance programs are often targeted to women
9. What does the microfinance model Not predict:
Correct : C. Self-selection of best borrowers
10. What is not a mechanism that contributes to the success of Micro- credits?
Correct : D. Collaterals
11. Microfinance programmes were first created by Nobel prize winning Economist
Muhummad Yunus in what decade?
Correct : C. 1970’s
12. In the self-help group, the loan and saving decisions are taken by
Correct : D. Group members
13. Micro credit or micro finance is a novel approach to bank with the poor. In this
approach bank credit is extended to the poor through
Correct : A. .Self Help Groups
14. What does it mean for microfinance institution (MFI) to be financially
sustainable?
Correct : B. Its revenue from interest & fees exceeds its operating costs.
15. Contemporary microfinance programs are incredibly diverse which of the
following are the same for all MFIs.
Correct : D. Goal is to improve lives of poor people
16. Loans to poor people by banks have many limitations including lack of security
and high operating cost. So to help them which type of finance system developed ?
Correct : B. Micro Finance System
17. The following statements are related to Micro Finance System. Locate the wrong
option ?
Correct : D. None
18. Who introduced the concept of Micro Finance in Bangladesh in the form of the
"Grameen Bank"? He is the Nobel laureate known by many as the "father of micro finance systems".
Correct : C. Muhammad Yunus
19. The beneficiaries of Micro finance business are _____________
Correct : D. All the above
20. The Micro Finance Institutions (MFI) differ from one another in terms of –
Correct : D. All of these
21. Indian Micro Finance Institutes (MFI) usually adopt the group-based lending models, which are of two types. SHG model and JLG model. SHG means Self Help Group and JLG means ?
Correct : D. Joint Liability Group
22. Who launched an 'India Micro-finance Platform', a portal on micro-finance activities across the country, with the assistance of World bank funds on 28th June 2013 ?
Correct : C. SIDBI
23. Self Help Group involves
Correct : D. All of above
24. In microfinance the demand side constraints
Correct : A. Is lack of awareness
25. In which year the Regional Rural Banks Act was passed?
Correct : B. 1976
26. Which microfinance institution is known as the Universal Bank?
Correct : A. Bandhan Financial Services Private Ltd
27. Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed ?
Correct : B. Micro Finance System
28. The following statements are related to Micro Finance System. Locate the wrong option ?
Correct : D. None
29. Who introduced the concept of Micro Finance in Bangladesh in the form of the "Grameen Bank"? He is the Nobel laureate known by many as the "father of micro finance systems".
Correct : C. Muhammad Yunus
30. What is Pradhan Mantri Suraksha Bima Yojana (PMSBY) Life insurance
Correct : A. cover Accidental insurance
31. Which of the following is not the part of organized sector of Indian Money
Market?
Correct : A. Chit Funds
32. An arrangement in which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money by way of periodical installments over a definite period and that each such subscriber shall, in his turn be entitled to the prize amount is called?
Correct : D. All of the above
33. What is the minimum paid up capital requirement of small finance Banks?
Correct : A. 100 crore
34. Which of the following operations are undertaken by small finance banks?
Correct : D. All of the above
35. How much credit small finance banks has to give to priority sectors?
Correct : B. 75%
36. Who is eligible to be a promoter of small finance banks?
Correct : D. All of the above
37. What can be the minimum initial contribution to the paid –up equity capital of
small finance banks?
Correct : A. 40%
38. To be a promoter in Small Finance Bank, resident individuals/professionals should
have ____ years of experience in banking and finance
Correct : C. 10
39. What is the FDI Limit in Small Finance Bank?
Correct : C. 74%
40. The promoter’s minimum initial contribution to the paid-up equity capital of small finance bank shall at least be ____ per cent.
Correct : D. 40%
41. The promoter’s minimum initial contribution to the paid-up equity capital of such small finance bank shall at least be 40 per cent and gradually brought down to ____ per cent within 12 years.
Correct : B. 26%
42. For Small Finance Bank, ____ of its loan portfolio should constitute loans and
advances of upto Rs. 25 lakh.
Correct : B. 50%
43. Small Finance Banks are registered under which Act?
Correct : A. Companies Act, 2013
44. Small Finance Bank are licensed under which Act?
Correct : A. Banking Regulation Act, 1949
45. Which of the following statement is wrong about Small Finance Banks?
Correct : A. It can be Business Correspondent (BC) for another bank
46. Small Finance Banks and Payments Bank are a type of?
Correct : C. Differentiated Bank
47. The decision to issue an in-principle approval for setting up of a Small Finance
bank will be taken by _____
Correct : C. RBI
48. Identify the true statement about Small Finance Bank(SFB).
Correct : C. SFBs will be covered by the Banking Ombudsman (BO) Scheme.
49. SFBs will be permitted to use IRF for the purpose of proprietary hedging. What
does F stands for in IRF?
Correct : C. Futures
50. Which of the following statements is/ are correct about small finance bank? 1. Small finance banks can provide Loans and advances of up to Rs 25 lakhs, primarily to micro enterprises. 2. As per the RBI rules, small finance bank have to manage a quarter of their branches in un-banked rural areas
Correct : A. Only 1
51. How much percentage of its funds is required to be invested by payments banks in
government securities or T-bills with maturity up to 1 year?
Correct : D. 75%
52. For first five years how much paid-up equity capital needs to be maintained by
promoters in payments bank?
Correct : C. 40%
53. How many payments banks have actually started operations since RBI has granted
the in-principle approval?
Correct : D. 6
54. What is the minimum capital required to set up payments bank?
Correct : A. Rs 100 crore
55. How much percentage of its funds can be held by payments banks in current and time deposit with Scheduled Commercial Bank?
Correct : A. 25%
56. What is the deposit limit on saving accounts in the Payment banks?
Correct : B. 2 lakh
57. Which of these cannot be issued by payment bank?
Correct : C. Credit Card
58. Which of these accounts can be opened in payment bank?
Correct : C. Both A & B
59. Who headed the committee to evaluate the license applications for Payment
Banks?
Correct : C. Nachiket Mor
60. Which is India’s First payment bank?
Correct : A. Airtel payments Bank
61. A CRM system helps companies -
Correct : D. All the above
62. A CRM system is a better way to manage the _______ interactions and
relationships that drive success.
Correct : A. External
63. What is the maximum amount of loan can be extended by payments banks?
Correct : D. No lending power
64. After how many years of successful operation Payment bank can be converted into
small finance bank?
Correct : B. 5
65. In july 2020 which of the following payment bank has launched a “Bhavishya”
saving account for minors?
Correct : B. Fino payments bank
66. Who is the founder of Grameen Bank?
Correct : A. Muhammad Yunus
67. Which of the following payments bank launched Bharosa savings account scheme?
Correct : B. Airtel payments bank
68. The development of a start-up based on an inventor's work often requires ________.
Correct : A. Expertise of an entrepreneur
69. A business where an individual is both the owner and conductor of the business
affairs is called__________________.
Correct : A. Sole Proprietorship
70. In __________________, the entrepreneur has the right to sell any assets.
Correct : A. Proprietorship
71. Entrepreneurs are best as ________________
Correct : D. Doer
72. Entrepreneurship can best be described as:
Correct : D. a process involving innovation, new products or services, and value creation
73. Which of these statements best describes the context for entrepreneurship:
Correct : C. Entrepreneurship takes place in a wide variety of contexts
74. The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an_____________________
Correct : B. opportunist
75. The most cited source of new business ideas is
Correct : B. in-depth understanding of industry/profession.
76. An entity registered under which act can issue PPIs?
Correct : B. Companies Act, 1956 / Companies Act, 2013
77. What is the rate of interest offered on PPI balance?
Correct : C. Zero
78. Which of the following is not one of the types of PPIs issued?
Correct : D. Semi-open System PPIs
79. What is the maximum permitted limit of balance at any point in time in PPIs per
month?
Correct : D. Rs 50,000
80. Venture capital is concerned with:
Correct : A. New project having potential for higher profit
81. What is the maximum validity period of a PPI?
Correct : B. 12 months
82. The PPIs that are issued by an entity for facilitating the purchase of goods and services from that entity only and do not permit cash withdrawal are known as_____________
Correct : D. Closed System PPIs
83. Paytm, MobiKwik is an example of which type of PPI?
Correct : A. Semi-closed System PPIs
84. Which of the following is an example of Open System PPIs?
Correct : A. Rupay
85. In the Open System PPIs, the outstanding amount should not
exceed______________ at any point.
Correct : C. Rs 1 lakh
86. In …………………..type of payment system customer is allowed to spend only up to the amount that have pre deposited into account.
Correct : A. Prepaid
87. ……………………….credit card gives all the advantages of a normal credit card without worrying about the interest charges.
Correct : A. Prepaid
88. A……………………..is a device that includes an embedded integrated circuit Chip [ICC] that can be either a secure micro controller or equivalent intelligence with internal memory or a memory chip alone.