Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.
- ________ is a temporary pass through account held by a third party during the process of a transaction between two parties.
A. Savings Bank Account
B. Current Account
C. Deposit Account
D. Escrow Account
E. None of the AboveD. Escrow Account
Explanation:
Escrow Account: Account in which funds are accumulated for specific disbursements.
It is a temporary pass through account held by a third party during the process of a transaction between two parties. - Which of the following is not available to depositors of NBFCs?
A. Deposit Insurance facility
B. Acquisition of shares
C. Loans and Advances
D. All of the Above
E. None of the AboveA. Deposit Insurance facility
Explanation:
Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks. - NBFCs include ______
A. loan company
B. investment company
C. asset finance company
D. All of the Above
E. None of the AboveD. All of the Above
Explanation:
NBFCs include a loan company, an investment company, asset finance company (i.e. a company conducting the business of equipment leasing or hire purchase finance) and Residuary Non-Banking Companies. - Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of _______
A. Rs.100 Crore
B. Rs.200 Crore
C. Rs.500 Crore
D. Rs.300 Crore
E. None of the AboveD. Rs.300 Crore
Explanation:
Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of Rs.300 Crore. - NBFCs whose asset size is of _____ or more as per last audited balance sheet are considered as systemically important NBFCs.
A. Rs.100 Crore
B. Rs.200 Crore
C. Rs.500 Crore
D. All of the Above
E. None of the AboveC. Rs.500 Crore
Explanation:
NBFCs whose asset size is of Rs.500 Crore or more as per last audited balance sheet are considered as systemically important NBFCs. - Which of the following does not guarantee the repayment of deposits accepted by NBFCs?
A. RBI
B. GOI
C. SEBI
D. NABARD
E. None of the AboveA. RBI
Explanation:
RBI does not guarantee the repayment of deposits accepted by NBFCs. - RNBC stands for _______
A. Residuary Non Banking Companies
B. Reserve Non Banking Companies
C. Reserve New Banking Companies
D. Residuary New Banking Companies
E. None of the AboveA. Residuary Non Banking Companies
Explanation:
RNBC – Residuary non banking companies. Residuary Non-Banking Company is a class of NBFC which is a company and has as its principal business the receiving of deposits, under any scheme or arrangement or in any other manner and not being investment, asset financing, loan company. - RNBCs cannot accept deposits for a period less than ______ months and more than ____ months
A. 12, 84
B. 12, 60
C. 24, 60
D. 24, 84
E. None of the AboveA. 12, 84
Explanation:
RNBCs cannot accept deposits for a period less than 12 months and more than 84 months. - According to accepting public deposits, NBFCs can be classified into ____ broad categories.
A. Two
B. Three
C. Four
D. All of the Above
E. None of the AboveA. Two
Explanation:
According to accepting public deposits, NBFCs can be classified into two broad categories, viz.,
(i) NBFCs accepting public deposit (NBFCs-D)
(ii) NBFCs not accepting/holding public deposit (NBFCs-ND). - IFC is a non-banking finance company with Capital to Risk (Weighted) Assets Ratio (CRAR) of _____
A. 15%
B. 20%
C. 25%
D. 30%
E. None of the AboveA. 15%
Explanation:
IFC is a non-banking finance company with Capital to Risk (Weighted) Assets Ratio (CRAR) of 15%.
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