Banking Awareness Quiz – Set 208

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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.

1. In FCEB, E stands for ______
   A. External
   B. Exchangeable
   C. Export
   D. Earned
   E. None of these
   
   Answer & Explanation

   B. Exchangeable
   Explanation:
   FCEB – Foreign Currency Exchangeable Bond
   
   
2. The Headquarters of TransUnion CIBIL is ______
   A. Chennai
   B. Kolkatta
   C. Mumbai
   D. Bengaluru
   E. None of these
   
   Answer & Explanation

   C. Mumbai
   Explanation:
   The Headquarters of TransUnion CIBIL is Mumbai
   
   
3. Any Non-Banking Finance Institution should be a company registered under _______ of the Companies Act, 1956 to get the NBFC license from RBI.
   A. Section 2
   B. Section 3
   C. Section 4
   D. Section 5
   E. None of these
   
   Answer & Explanation

   B. Section 3
   Explanation:
   Any Non-Banking Finance Institution should be a company registered under section 3 of the Companies Act, 1956 to get the NBFC license from RBI.
   
   
4. Any Non-Banking Finance Institution should have an NOF of Rs.______ to get the NBFC license from RBI.
   A. 100 Lakh
   B. 150 Lakh
   C. 200 Lakh
   D. 250 Lakh
   E. None of these
   
   Answer & Explanation

   C. 200 Lakh
   Explanation:
   Any Non-Banking Finance Institution should have an NOF of Rs. 200 lakh to get the NBFC license from RBI.
   
   
5. In NOF, O stands for ______
   A. Original
   B. Operation
   C. Owned
   D. All of these
   E. None of these
   
   Answer & Explanation

   C. Owned
   Explanation:
   NOF – Net Owned Fund
   
   
6. NBFCs whose asset size is of ______ or more as per last audited balance sheet are considered as systemically important NBFCs.
   A. Rs. 200 Crore
   B. Rs. 300 Crore
   C. Rs. 400 Crore
   D. Rs. 500 Crore
   E. None of these
   
   Answer & Explanation

   D. 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.
   
   
7. Core Investment Companies with asset size of less than Rs. _______ are exempted from registration with the RBI.
   A. Rs. 100 Crore
   B. Rs. 200 Crore
   C. Rs. 300 Crore
   D. Rs. 400 Crore
   E. None of these
   
   Answer & Explanation

   A. Rs. 100 Crore
   Explanation:
   Core Investment Companies with asset size of less than Rs. 100 crore are exempted from registration with the RBI.
   
   
8. Core Investment Companies with asset size of ______ and above but not accessing public funds are exempted from registration with the RBI.
   A. Rs. 100 Crore
   B. Rs. 200 Crore
   C. Rs. 300 Crore
   D. Rs. 400 Crore
   E. None of these
   
   Answer & Explanation

   A. Rs. 100 Crore
   Explanation:
   Core Investment Companies with asset size of Rs.100 crore and above but not accessing public funds are exempted from registration with the RBI.
   
   
9. IFC is a non-banking finance company which deploys at least ____ of its total assets in infrastructure loans.
   A. 65%
   B. 75%
   C. 55%
   D. 85%
   E. None of these
   
   Answer & Explanation

   B. 75%
   Explanation:
   IFC is a non-banking finance company which deploys at least 75% of its total assets in infrastructure loans.
   
   
10. IFC has a minimum Net Owned Funds of ______
    A. Rs. 100 Crore
    B. Rs. 200 Crore
    C. Rs. 300 Crore
    D. Rs. 400 Crore
    E. None of these
    
    Answer & Explanation

    C. Rs. 300 Crore
    Explanation:
    IFC has a minimum Net Owned Funds of Rs. 300 Crore