Current Affairs PDF

Banking Awareness Quiz – Set 216

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

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.

  1. A Micro or Small Enterprise may be said to have become Sick, if Any of the borrowal account of the enterprise remains NPA for ________ months or more.
    A. 3
    B. 4
    C. 2
    D. 5
    E. None of these
    A. 3
    Explanation:
    A Micro or Small Enterprise may be said to have become Sick, if Any of the borrowal account of the enterprise remains NPA for 3 months or more.

  2. Who among the following set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)?
    A. GOI
    B. Ministry of MSME
    C. SIDBI
    D. All of these
    E. None of these
    D. All of these
    Explanation:
    The Ministry of MSME, Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

  3. Who among the following can issue Commercial Paper(CP)?
    A. Corporates
    B. Primary Dealers
    C. All India Financial Institutions
    D. All of these
    E. None of these
    D. All of these
    Explanation:
    Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue CP.

  4. CP can be issued for maturities between a minimum of ______ days and a maximum of up to ______ from the date of issue.
    A. 8 days and 2 years
    B. 7 days and 1 year
    C. 6 days and 2 years
    D. 5 days and 1 year
    E. None of these
    B. 7 days and 1 year
    Explanation:
    CP can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue.

  5. CP can be issued in denominations of ________ or multiples thereof.
    A. 8 lakh
    B. 2 lakh
    C. 6 lakh
    D. 5 lakh
    E. None of these
    D. 5 lakh
    Explanation:
    CP can be issued in denominations of 5lakh or multiples thereof.

  6. Who among the following can act as Issuing and Paying Agent(IPA) of CP?
    A. Non-Scheduled Banks
    B. Private Banks
    C. Scheduled Banks
    D. All of these
    E. None of these
    C. Scheduled Banks
    Explanation:
    Scheduled Banks can act as Issuing and Paying Agent(IPA) of CP

  7. If the tangible net worth of the company, as per the latest audited balance sheet, is not less than ______ crore, then the corporate would be eligible to issue CP.
    A. 4 crore
    B. 3 crore
    C. 2 crore
    D. 5 crore
    E. None of these
    A. 4 crore
    Explanation:
    If the tangible net worth of the company, as per the latest audited balance sheet, is not less than 4 crore, then the corporate would be eligible to issue CP.

  8. Which of the following is an unsecured money market instrument issued in the form of a promissory note?
    A. Demand Draft
    B. Primary Lending Certificates
    C. Commercial Paper
    D. All of these
    E. None of these
    C. Commercial Paper
    Explanation:
    Commercial Paper is an unsecured money market instrument issued in the form of a promissory note

  9. T-bills auctions are held on the _______
    A. MSS
    B. NDS
    C. ECS
    D. All of these
    E. None of these
    B. NDS
    Explanation:
    T-bills auctions are held on the Negotiated Dealing System (NDS)

  10. Treasury bills are also issued under the ________.
    A. MSS
    B. NDS
    C. ECS
    D. All of these
    E. None of these
    A. MSS
    Explanation:
    Treasury bills are also issued under the Market Stabilization Scheme(MSS)