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Current Questions

Banking :

Non-Banking Financial Companies (NBFC)

Which of the following are the benefits of NBFCs in India?

  1. They play crucial role in the infrastructure development of the country.
  2. They help diversify the credit portfolio of the economy.
  3. They make huge contribution to state exchequer.

Choose the correct answer from the code given below:

A
1 and 2 only
B
2 and 3 only
C
1, 2 and 3
D
3 only

Non-Banking Financial Companies (NBFC)

Consider the following statements about Non-Banking Financial Companies (NBFC):

  1. All NBFCs are regulated by the Reserve Bank of India.
  2. NBFCs cannot accept demand deposits.
  3. NBFCs cannot issue cheques.

Choose the correct answer from the code given below:

A
1 and 2 only
B
2 and 3 only
C
1, 2 and 3
D
3 only

Banking Ombudsman

With reference to the Institution of Banking Ombudsman in India, which one of the following statements is incorrect?

A
The service provided by the Ombudsman is free of cost.
B
The Banking Ombudsman is appointed by the Indian Bank Association.
C
The order passed by the Ombudsman is not final and binding on the party
D
Non-resident Indian having account in India can file complaints with the Ombudsman.

EXIM Bank

Consider the following statements vis-à-vis EXIM Bank:

  1. It is a wholly owned subsidiary of the Government of India.
  2. It is regulated by the Central Statistics Office.

Choose the correct answer from the code given below:

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2

Inter Creditor Agreement

Consider the following statements with respect to ‘Inter Creditor Agreement (ICA)’:

  1. ICA is applicable to loans below Rs. 5 Crore.
  2. It is the outcome of P.J. Nayak Committee.
  3. It is an agreement between the lenders.

Select the correct statement/s using the code given below:

A
I and II
B
II and III
C
I, II, III
D
Only III
Showing 1-5 of 5 items.