MCQ – Module C – Indian economy & Indian financial system

Which is the following is not part of the informal finanical system?

a) Money Lenders
b) Mutual fund
c) Relatives
d) Mahajans
Which of the following is not part of the formal financial system?
a) Association
b) Banks
c) NBFCs
d) Insurance company
Which is of the following is part of financial system?
a) Financial market
b) Financial instrument
c) Financial institution
d) All of the above
In which phase of development of the financial system was focus laid on
setting up of development financial institution?
a) Phase I
b) Phase II
c) Phase III
d) Phase iv
which was the first bank to be established in India?
a) Bank of India
b) State Bank of India
c) Bank of Hindustan
d) Punjab National Bank
In which section of BR act, Business of Banking defined?
a) Section 5
b) Section 8
c) Section 10
d) Section 6
In which year, RBI was established?
a) 1947
b) 1925
c) 1935
d) 1955
What is the maximum capital requirement for setting up universal bank?
a) Rs.100 Cr.
b) Rs. 200 Cr
c) Rs. 500 Cr.
d) Rs. 750 Cr.
What is the minimum capital requirement for setting up small finance Bank?
a) Rs.100 Cr.
b) Rs. 200 Cr
c) Rs. 500 Cr.
d) Rs. 750 Cr
What is the maximum balance a payment bank can maintain in each
account?
a) 1 lac
b) 2 lacs
c) 5 lacs
d) No limit
A transaction carried out at an ATM of the card issuing bank is called an
______ transaction?
a) On-us
b) Off-us
c) On-u
d) On-me
Google pay is a ________
a) Fintech Co;
b) Techfin co
c) Neo Bank
d) Payment gateway
In which year, RBI commence its business?
a) 1927
b) 1935
c) 1942
d) 1947
In which year, the RBI converted into public entity?
a) 1935
b) 1942
c) 1947
d) 1948
The central board of directors of RBI is required to meet at least ____ times in
a year?
a) 4
b) 6
c) 8
d) 12
Under which act is RBI empowered to be a banker to the government?
a) RBI Act
b) Banking Regulation Act
c) Negotiable instrument Act
d) Public Debt Act
When the BR act 1949 was applicable to cooperative Banks?
a) 16 March 1949
b) 1 April 1965
c) 1 March 1966
d) 1 April 1966
Which was the Ist DFI that was set up in India?
a) IDBI
b) ICICI
c) SIDBI
d) IFCI
Which of the following would come under the category of investing
institutions?
a) LIC
b) ICICI
c) EXIM Bank
d) NABARD
With the onset of liberalisation, what structure was adopted by DFIs?
a) Commerical Bank
b) Universal Bank
c) Mortgage Bank
d) Collateralized Bank
How much was the initial capital of IFCI?
a) Rs. 10 Cr.
b) Rs. 25 Cr.
c) Rs.50 Cr.
d) Rs. 100 Cr
Which of the following DFIs had a role of counseling NRIs for their investment
in India?
a) IFCI
b) IDBI
c) ICICI
d) Exim Bank
In which year, did RBI introduce the lead Bank Scheme
a) 1947
b) 1969
c) 1970
d) 1990
Grameen model was developed in which country?
a) India
b) Pakistan
c) Nepal
d) Bangladesh
Which of the following types of MFIs are regulated by RBI
a) Not for profit MFI
b) NBFC-MFI
c) Mutual benefit MFI
d) All of above
In which type of financing of SHGs does an NGO act as a financial
intermediary?
a) Model -I
b) Model – II
c) Model –III
d) Model- IV
Which of the following is part of Fair practice code developed by RBI for
NBFC-MFI?
a) There should be board approved loan application format.
b) No security deposit taken from the borrower
c) A member should not be member of more than one shg
 d) All of the above
When was chapter III –B added to the RBI act 1934?
a) 1947
b) 1977
c) 1997
d) 2001
Which of the following is the regulator for Housing Finance Companies?
a) RBI
b) SEBI
c) MCA
d) NHB
A loan company is an NBFC, as per which type of classification?
a) Liability based
b) Activity based
c) Size based
d) None of the above
What is the maximum period for which an NBFC-D can accept deposits?
a) 12 months
b) 36 months
c) 60 months
d) 120 months
Which of the following can be considered as part of owned funds for an
NBFC?
a) Equity shares
b) Compulsory convertible preference shares
c) Balance in share premium account
d) All of the above
The first insurance Co; to be established in Inda was
a) LIC of India
b) Oriental life insurance co
c) Bombay mutual
d) National insurance co
What is the extent upto which FDI is presently permitted in insurance sector?
a) 26%
b) 49%
c) 74%
d) 100%
The %age of insurance premium received to GDP is known as:
a) Penetration
b) Coverage
c) Density
d) Saturation
The ratio of insurance premium to the population is known as:
a) Penetration
b) Coverage
c) Density
d) Saturation
What is the minimum capital that is required to establish a life insurance co?
 a) 10 Cr
b) 50 Cr
c) 100 Cr
d) 200 Cr
In which year, RBI was nationalized?
a) 1927
b) 1935
c) 1949
d) 1955
What percentage of total deposits is to be kept as Cash reserve Ratio?
a) 4%
b) 6%
c) 10%
d) 12%
What is the rate of interest paid on CRR funds?
a) 0.5%
b) 2%
c) 4%
d) No interest is paid
How many full members are there on the SEBI board?
a) 3
b) 4
c) 5
d) 7
Under the recommendation of which committee was IRDA established?
a) Malhotra committee
b) Narsimhan committee
c) Tandon committee
d) Ghosh committee
Which of the following sector is not included in infrastructure?
a) Textile Mills
b) Waterworks
c) Waterways
d) Canal Networks
Which of the following are characteristics of infrastructure financing?
a) Larger amounts
b) Longer maturities
c) Fixed & low rate of returns
d) All of the above
What is the authorised capital of NaBFID?
a) 10000Cr
b) 25000Cr
c) 75000 Cr
d) 100000 Cr
What is the cash settlement proposed to be made by NARCL?
a) 5%
b) 10%
c) 15%
 d) 25%
Smart lending for aspiring India is one of the themes in which edition of
EASE?
a) Ease 1.0
b) Ease 2.0
c) Ease 3.0
d) Ease 4.0