McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 101. |
Which of the following statements is/are correct? A) NBFCs does not hold a banking license. B) NBFC can issue Demand Drafts like banks. |
| A. | Only A |
| B. | Only B |
| C. | Both |
| D. | None |
| Answer» A. Only A | |
| 102. |
Consider the following statements A) Chit Funds are type of NBFC B) All NBFCs are ruled by RBI C) RBI said any purchase of a stake of 26% or more in a company, or a change in more than 30% of its directors, would need the central bank's permission. Which of the above statements is/are correct? |
| A. | A,B |
| B. | B,C |
| C. | A,C |
| D. | All |
| Answer» C. A,C | |
| 103. |
A Non-Banking Financial Company (NBFC) is a company registered under the _______. |
| A. | RBI Act 1934 |
| B. | Companies Act, 1956 |
| C. | NBFC Act 1956 |
| D. | Government Securities Regulations, 1913 |
| Answer» B. Companies Act, 1956 | |
| 104. |
Which of the following activity is not permissible for NBFC? |
| A. | loans and advances |
| B. | acquisition of shares |
| C. | insurance business |
| D. | construction of immovable property |
| Answer» D. construction of immovable property | |
| 105. |
A non-banking institution that has a principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions is known as? |
| A. | Principal non-banking company |
| B. | Residential non-banking company |
| C. | Residuary non-banking company |
| D. | Optional non-banking company |
| Answer» C. Residuary non-banking company | |
| 106. |
Which of the following is false about NBFC? |
| A. | NBFC cannot accept demand deposits |
| B. | NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself |
| C. | deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs |
| D. | NBFC cannot undertake insurance business |
| Answer» D. NBFC cannot undertake insurance business | |
| 107. |
Which of the following does not have any roles in regulation of NBFCs? |
| A. | National Housing Bank |
| B. | Reserve Bank of India |
| C. | SIDBI |
| D. | Ministry of Corporate Affairs |
| Answer» C. SIDBI | |
| 108. |
The type of lease that includes a third party, a lender, is called as which of the following? |
| A. | Sale and leaseback |
| B. | Leveraged lease |
| C. | Direct Leasing Agreement |
| D. | Operating Lease |
| Answer» B. Leveraged lease | |
| 109. |
A Direct lease, a sale and leaseback, and a Leveraged lease are all examples of which of the following? |
| A. | Operating leases |
| B. | Financial leases |
| C. | Full service leases |
| D. | Off Balance Sheet methods of financing |
| Answer» B. Financial leases | |
| 110. |
What are the benefits of leasing to other companies? |
| A. | Interest Revenue |
| B. | High Residual Value |
| C. | Tax Incentives |
| D. | All of the above |
| Answer» D. All of the above | |
| 111. |
A leveraged lease is a three-sided agreement among the following: |
| A. | Lessee, lessor and lender |
| B. | Lessor, Commercial Bank, and Insurance Company |
| C. | a and b |
| D. | None of the above |
| Answer» C. a and b | |
| 112. |
What is the full form of FASB? |
| A. | Financial Accounting Standard Board |
| B. | Financial Accounting Safety Board |
| C. | Finance and Accounts Standard Board |
| D. | Financial Accounting Safety Bureau |
| Answer» A. Financial Accounting Standard Board | |
| 113. |
What is the full form of FLC? |
| A. | Financial Leasing Company |
| B. | Finance Lending Company |
| C. | Financial Leasing Company of India Limited |
| D. | None of the above |
| Answer» C. Financial Leasing Company of India Limited | |
| 114. |
Which of the following is NOT a reason to invest in mutual funds? |
| A. | Professional management of your investment |
| B. | Invest low amounts (as low as Rs. 500) in a diversified portfolio |
| C. | Flexibility to buy and sell your investments as and when you want |
| D. | Personal customized portfolio |
| Answer» D. Personal customized portfolio | |
| 115. |
A diversified equity fund is one which |
| A. | Invests in one sector |
| B. | Invests in one theme |
| C. | Invests in stocks across various sectors |
| D. | Invests in minimum 30 stocks |
| Answer» C. Invests in stocks across various sectors | |
| 116. |
SIP is a |
| A. | Method of regular investment |
| B. | Name of a mutual fund |
| C. | Brand of Tea Stock |
| D. | None of these |
| Answer» A. Method of regular investment | |
| 117. |
Does a balanced fund always invest its money in the ratio of 50:50 in equity and fixed income? |
| A. | Yes |
| B. | No |
| C. | none |
| D. | none |
| Answer» B. No | |
| 118. |
A liquid fund can invest its money in which of the following |
| A. | Central Government securities of around 10 year average maturity. |
| B. | Money market instruments of less than 91 days maturity |
| C. | Corporate bonds / paper of more than 91 days maturity |
| D. | Short term Bank Deposits |
| Answer» B. Money market instruments of less than 91 days maturity | |
| 119. |
When was the Factoring Regulation Act passed in India? |
| A. | 2011 |
| B. | 2000 |
| C. | 1991 |
| D. | 2001 |
| Answer» A. 2011 | |
| 120. |
What is the normal time period range for factoring in India? |
| A. | 70 - 80 days |
| B. | 80 – 90 days |
| C. | 90 – 120 days |
| D. | 90 – 150 days |
| Answer» D. 90 – 150 days | |
| 121. |
How many NBFC factors are there in India registered at present? |
| A. | 31 |
| B. | 6 |
| C. | 7 |
| D. | 9 |
| Answer» C. 7 | |
| 122. |
Factoring Business is also known as by which of the following names? |
| A. | Account Receivable Factoring |
| B. | Asset based lending |
| C. | Invoice Factoring |
| D. | All of the above |
| Answer» D. All of the above | |
| 123. |
Which of the following are the characteristics of a Mortgage Loan? |
| A. | It is secured against, immovable and fixed property |
| B. | It is a long term loan in nature |
| C. | It is repaid in small monthly installments along with interest |
| D. | All of the above |
| Answer» D. All of the above | |
| 124. |
HFC stands for which of the following? |
| A. | Housing Finance Company |
| B. | Housing Finance Corporation |
| C. | Housing Federation of Commerce |
| D. | None of the above |
| Answer» A. Housing Finance Company | |
| 125. |
National Housing Bank is wholly owned by which of the following institutions? |
| A. | RBI |
| B. | SEBI |
| C. | SBI |
| D. | None of the above |
| Answer» A. RBI | |
| 126. |
Which of the following give finance to young, start-up companies? |
| A. | Venture Capital Firm |
| B. | Finance Company |
| C. | Small – business Finance Company |
| D. | Capital – Creation Company |
| Answer» A. Venture Capital Firm | |
| 127. |
What is the full form of VCT? |
| A. | Venture Capital Trusts |
| B. | Venture Capital Trading |
| C. | Value Capital Trusts |
| D. | Value Capital Trading |
| Answer» A. Venture Capital Trusts | |
| 128. |
Venture capital was originated in which of the following countries? |
| A. | India |
| B. | Britain |
| C. | USA |
| D. | France |
| Answer» C. USA | |
| 129. |
Industrial Finance Corporation of India (IFCI) was established in : |
| A. | 1946 |
| B. | 1947 |
| C. | 1948 |
| D. | 1949 |
| Answer» C. 1948 | |
| 130. |
”Development Banks” are |
| A. | Branches of commercial Banks whether in private or public sector, situated in rural area for upliftment of weaker sections of the society |
| B. | Financial sections which provide long term finance to industries |
| C. | Land development banks which provide development financing to agriculture |
| D. | None of these |
| Answer» B. Financial sections which provide long term finance to industries | |
| 131. |
Industrial Development of was established as a subsidiary of |
| A. | RBI |
| B. | SIDBI |
| C. | SBI |
| D. | Industrial credit & investment corporation of India |
| Answer» A. RBI | |
| 132. |
Which of the following is the first Development Bank of India |
| A. | IFCI |
| B. | SFC |
| C. | NABARD |
| D. | State Industrial Development corporations |
| Answer» A. IFCI | |
| 133. |
Which of the following is a development bank? |
| A. | HDFC |
| B. | NHB |
| C. | Axis Bank |
| D. | DCB |
| Answer» B. NHB | |
| 134. |
Which development financial institution integrated with a bank? |
| A. | IFCI Ltd |
| B. | ICICI LTD |
| C. | NHB |
| D. | IIFCL |
| Answer» B. ICICI LTD | |
| 135. |
Which is the financial development institution created specially for the small & medium enterprises |
| A. | SIDBI |
| B. | IDBI |
| C. | NABARD |
| D. | IFCI LTD |
| Answer» A. SIDBI | |
| 136. |
The premier export finance institution of the country is |
| A. | RBI |
| B. | SBI |
| C. | EXIM Bank |
| D. | IDBI |
| Answer» C. EXIM Bank | |
| 137. |
Which financial institution is helping commercial banks is lending to the infrastructure sector? |
| A. | IFCI Ltd |
| B. | IDBI |
| C. | IIFCL |
| D. | IIBI |
| Answer» C. IIFCL | |
| 138. |
The erstwhile Industrial Reconstruction Bank of India (IRBI) is now known as |
| A. | IFCI |
| B. | ICICI |
| C. | IDBI |
| D. | Industrial Investment Bank of India Ltd |
| Answer» D. Industrial Investment Bank of India Ltd | |
| 139. |
Which of the following is not correct about development banks in India? |
| A. | The Development Banks do not seek or accept deposits from the public |
| B. | They provide short term finance |
| C. | The development banks promote economic development by promoting investment & enterprise |
| D. | None of these |
| Answer» B. They provide short term finance | |
| 140. |
Which agency is exclusively concerned with the credit needs of all types agricultural and rural development? |
| A. | SBI |
| B. | IDBI |
| C. | RBI |
| D. | NABARD |
| Answer» D. NABARD | |
| 141. |
Which of the following is the apex institution which handles refinance for agriculture and rural development in India? |
| A. | RBI |
| B. | SIDBI |
| C. | NABARD |
| D. | SEBI |
| Answer» C. NABARD | |
| 142. |
Which among the following is the oldest development Financial Institution of India? |
| A. | UTI |
| B. | IDBI |
| C. | ICICI |
| D. | IFCI |
| Answer» D. IFCI | |
| 143. |
In India, the bank NABARD does not provide refinance to |
| A. | Scheduled commercial bank |
| B. | RRB |
| C. | EXIM bank |
| D. | state land development bank |
| Answer» D. state land development bank | |
| 144. |
Central Government’s contribution towards the capital of RRBs is made through |
| A. | NABARD |
| B. | RBI |
| C. | SBI |
| D. | Central cooperative Bank |
| Answer» A. NABARD | |
| 145. |
At present the RBI holds one percent of shareholding in |
| A. | SBI |
| B. | NHB |
| C. | NABARD |
| D. | RBI |
| Answer» C. NABARD | |
| 146. |
The headquarters of SIDBI is in |
| A. | Lucknow |
| B. | New Delhi |
| C. | Mumbai |
| D. | Kolkata |
| Answer» A. Lucknow | |
| 147. |
The Exim bank has been set up for the purpose of |
| A. | functioning as a specialized institution for providing comprehensive credits on international competitive terms for exports of capital goods, engineering goods, manufactured produced, projects and services |
| B. | offering advisory services to exporters for non –traditional exports |
| C. | Providing refinance facilities in regard to export financing by banks and other financial institutions. |
| D. | All of the above |
| Answer» D. All of the above | |
| 148. |
The Export-Import bank of India (Exim Bank) is a public sector financial institution created by an Act of parliament viz |
| A. | BR Act ,1949 |
| B. | The companies Act, 1956 |
| C. | Export-Import bank of India Act, 1981 |
| D. | The Exim Act, 1948 |
| Answer» C. Export-Import bank of India Act, 1981 | |
| 149. |
The headquarter of NABARD is situated in |
| A. | Delhi |
| B. | Mumbai |
| C. | Lucknow |
| D. | Kolkata |
| Answer» B. Mumbai | |
| 150. |
NABARD is a |
| A. | Board |
| B. | Bureau |
| C. | Bank |
| D. | Department |
| Answer» C. Bank | |
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