Banking Awareness/General awareness Questions and Answers for IBPS PO RRB Clerical Bank Exams PDF Quiz Mode Test 17

Banking Awareness/General awareness Questions and Answers for IBPS PO RRB Clerical Bank Exams PDF Quiz Mode Test 17.

1. One of the delivery channel for Micro Finance is SHG model. SHG means ........
Soar Help Group
Sake Help Group
Self Hope Group
Store Help Group
Self Help Group
2. Co-operatives registered under state or National Acts and MACS come under Mutual benefit MFIs. MACS means ........
Moral-Aided Co-operative Societies
Mint-Aided Co-operative Societies
Mutually-Aided Co-operative Societies
Mutually-Aided Co-ordinate Societies
None
3. Non-banking financial companies, producer companies and LAB come under the category of For-Profit -MFIs. LAB means ........
Loan Area Banks
Legal Area Banks
Local Axis Banks
Local Area Banks
None
4. SKS Microfinance Ltd, the only listed micro lender in the country founded by ...........
Sudipa Sen
M.B.N.Rao
Kunal Ghosh
Vikram Akula
None
5. Who launched an 'India Microfinance Platform', a portal on microfinance activities across the country, with the assistance of World bank funds on 28 June 2013?
SBI
ICICI
SIDBI
Exim Bank
NABARD
6. SIDBI related statements are given. Pick the wrong statement.
SIDBI means Small Industries Development Bank of India
It was established on April 2, 1990
It is the principal financial institution for the promotion, financing and development of industry in the small scale sector
Its head office is in Hyderabad
None
7. Chairman of SIDBI is .......... (Updates As on 13/10/2013)
S.K.Roy
T.C.A. Ranganathan
Sushil Muhnot
U.K.Sinha
Rahul Khullar
8. Which committee has recommended creation of a separate category of NBFCs operating in the microfinance sector to be designated as NBFC-MFIs (Non-Banking Finance Company - Micro Finance Institutes)?
C. Ranga Rajan
Chandra Sekhar
Y. H. Malegam
Tarapore
R.K. Sundaram
9. Recommendations of Malegam committee on Micro Finance Sector do not include ...
MFI should not charge more than 24 % of its disbursed loans.
Processing fee on the loan amount must not be more than 1%.
margin of interest to be not more than 20 percent.
MFIs should lend to an individual borrower only as a member of a JLG and should have the responsibility of ensuring that the borrower is not a member of another JLG.
Bank advances to MFIs should continue to enjoy 'priority sector lending' status
10. On 9 October 2013 RBI announced set up a Technical Committee under the chairman ship of ............ to examine the feasibility of encrypted SMS-based fund transfers.
Anand Sinha
Raghu Ram Rajan
Urjith Patel
Pandu Ranga
Sambamurthy
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