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- Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed ?
- Ponzi schemes
- Micro Finance System
- Money Laundering Schemes
- Money tampering finance
- Supervision Finance
- The following statements are related to Micro Finance System. Locate the wrong option ?
- It provides micro credit having scope for small savings and remittance of funds
- It based on the principle of livelihood creation
- The livelihood mission means engaging in activities in a routine fashion to generate cash or non-cash income
- High volumes of low transactions done through this system.
- None
- Who introduced the concept of Micro Finance in Bangladesh in the form of the "Grameen Bank"? He is the Nobel laureate known by many as the "father of micro finance systems".
- C. D. Deshmukh
- Amartya Sen
- Muhammad Yunus
- Sheik Haseena
- Muzibaer Rehman
- The beneficiaries of Micro finance business are _____________
- The Micro Finance Institutions (MFI) differ from one another in terms of
- Product offering
- Loan repayment Structure
- Product offerings
- Legal structure
- All of these
- 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
- Indian Micro Finance Institutes (MFI) usually adopt the group-based lending models, which are of two types. SHG model and JLG model. SHG means Self Help Group and JLG means ?
- Joint Liability Game
- Josh Liability Group
- Joint Loan Group
- Joint Liability Group
- None of these
- To control high rate interest rates, coercive collections and illegal insurance practices by the Micro Finance Institutes, Andhra Pradesh Government passed Andhra Pradesh Microfinance Institutions (Regulations of Money Lending) Act in ?
- 2014
- 2013
- 2005
- 2007
- 2011
- In the Not-For-Profit Micro Finance Institutes, which among the following are included ?
- Societies
- Public Trusts
- Non-Profit Companies
- All of these
- None of these
- 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-Operative Societies
- None of these
- 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
- SKS Micro-finance Ltd, the only listed micro lender in the country founded by ___________
- Sudipa Sen
- M. B. N. Rao
- Kunal Ghosh
- Vikram Akula
- None
- Who launched an 'India Micro-finance Platform', a portal on micro-finance activities across the country, with the assistance of World bank funds on 28th June 2013 ?
- SBI
- ICICI
- SIDBI
- Exim Bank
- NABARD
- SIDBI related statements are given. Pick the wrong statement.
- SIDBI means Small Industries Development Bank of India
- It was established on 2nd April 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 Nagpur
- None
- Who is the new Chairman & Managing Director of Allahabad Bank (from 12th March 2014)?
- S. K. Roy
- T. C. A. Ranganathan
- Rakesh Sethi
- U. K. Sinha
- Rahul Khullar
- 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
- 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 per cent
- 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 advantages to MFIs should continue to enjoy 'priority sector lending status'.
- On 9th October 2013 RBI has 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 Rajan
- Sambamurthy
- Who is the first woman chairperson of State Bank of India
- Shubhalakshmi Panse
- Chandra Kochhar
- Naina Lal Kidwai
- Arundhathi Bhattacharya
- Usha Ananthasubramanian
- Which member of the world bank group launched the Indian Rupee Denominated bond, may be the first step towards internationalization of the Indian currency ?
- IBRD
- IDA
- IFC
- MIGA
- IMF
Read more Banking Awareness Model Practice Sets from below
- Set 1
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- Set 6
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- Set 10
- Set 11
- Set 12
- Set 13
- Set 14
- Set 15
- Set 16
- Set 17
- Set 18
- Set 19
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More and more reqd..........
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ReplyDeleteneed some more exercise for po & clk exam
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ReplyDeleteThanks for making our preparation more firm from the early stage much before the exam...(Swagat)
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