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Micro Finance Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Arts in Economics (BA Economics) .

1.

In which year the Regional Rural Banks Act was passed?

A. 1986
B. 1976
C. 1992
D. 1988
Answer» B. 1976
2.

What is the share of Sponsor Banks in the Regional Rural Banks?

A. 75%
B. 15%
C. 40%
D. 35%
Answer» D. 35%
3.

Which of these was the first RRB to be set up in India?

A. Gaur Gramin Bank
B. Pratham Bank
C. Himachal Bank
D. Aruchal Rural Bank
Answer» B. Pratham Bank
4.

Which microfinance institution is known as the Universal Bank?

A. Bandhan Financial Services Private Ltd
B. Arohan Financial Services Private Ltd
C. Disha Microfinance Private Ltd
D. SKS Microfinance Private Ltd
Answer» A. Bandhan Financial Services Private Ltd
5.

What option block the poor to get bank loans?

A. Absence of collateral
B. High rates of interest
C. Complexity of procedure
D. None of the above
Answer» A. Absence of collateral
6.

In the self-help group, the loan and saving decisions are taken by

A. Government
B. Non-government organisation
C. Bank
D. Absence of collateral
Answer» D. Absence of collateral
7.

In India, which organizations take care of the agriculture and rural development credits

A. IDBI
B. NABARD
C. ICAR
D. FCI
Answer» B. NABARD
8.

What is Pradhan Mantri Suraksha Bima Yojana (PMSBY) Life insurance cover

A. Accidental insurance cover
B. Life insurance cover
C. Overdraft up to Rs.5,000/-
D. None of above
Answer» A. Accidental insurance cover
9.

Self Help Group involves

A. Group of 5 to 20 people
B. Regular saving habits
C. Inter-lending within the group members
D. All of above
Answer» D. All of above
10.

The Financial statement provides accurate and time ……………. Which is useful for all.

A. Financial Information
B. Liabilities.
C. Assets Information
D. Marketing Information
Answer» A. Financial Information
11.

Balance sheet is the summary of …………………

A. General Information
B. Financial position
C. profit and loss position
D. loan status
Answer» B. Financial position
12.

Financial statements are the ………….

A. Trading account , Profit and Loss account
B. Balance sheet
C. (a) and (b)
D. Neither (a) nor (b)
Answer» C. (a) and (b)
13.

EPS helps in determining the …………. of the equity share of the MFI

A. market price
B. Earning per share
C. Average price
D. cost price
Answer» B. Earning per share
14.

Debt equity ratio ascertains soundness of………. financial position

A. long term
B. Short term
C. Yearly
D. all of above
Answer» A. long term
15.

Two basic measures of liquidity are :

A. (A) Inventory turnover and Current ratio
B. (B) Current ratio and Quick ratio
C. (C) Gross Profit ratio and Operating ratio
D. (D) Current ratio and Average
Answer» C. (C) Gross Profit ratio and Operating ratio
16.

Current Ratio is :

A. (A) Solvency Ratio
B. (B) Liquidity Ratio
C. (C) Activity Ratio
D. (D) Profitability Ratio
Answer» B. (B) Liquidity Ratio
17.

Services are characterized by all of the following characteristics except for

A. A. Intangibility.
B. B. Homogeneity
C. C. Perishability.
D. D. Inseparability
Answer» B. B. Homogeneity
18.

This P is not a part of the 7Ps of marketing mix?

A. (a) Promotion
B. (b) Price
C. (c) People
D. (d) Purpose
Answer» D. (d) Purpose
19.

Nutritional level of food energy is expressed in the form of

A. (a) calories per day
B. (b) wheat consumption
C. (c) rice consumption per day
D. (d) none of the above
Answer» A. (a) calories per day
20.

The calorie requirement is higher in the rural areas because:

A. (a) they do not enjoy as much as people in the urban
B. (b) food items are expensive.
C. (c) they are engaged in mental work.
D. (d) people are engaged in physical
Answer» D. (d) people are engaged in physical
21.

What is 'Bank rate'?

A. The rate at which commercial banks borrow
B. The rate at which commercial banks
C. The rate at which commercial banks
D. none of the above
Answer» A. The rate at which commercial banks borrow
22.

What is the Cash Reserve Ratio (CRR)?

A. the fraction of the deposits that commercial banks lend
B. the fraction of the deposits that RBI must
C. the fraction of the deposits that
D. none of the above
Answer» C. the fraction of the deposits that
23.

In order to meet the working capital requirement in agriculture, banks issue the card

A. General Credit Card
B. SME Credit Card
C. Swaroj Credit Card
D. Kisan Credit Card
Answer» D. Kisan Credit Card
24.

The microfinance movement in India has been initiated by

A. SIDBI
B. SBI
C. NABARD
D. RRBs
Answer» C. NABARD
25.

Prudential norms of the banks includes

A. IRAC norms
B. provisioning norms
C. CRAR norms
D. all of the above
Answer» D. all of the above
26.

All the scheduled banks are to extend…………% of the total credit to priority sector

A. 18%
B. 40%
C. 32%
D. 12%
Answer» B. 40%
27.

Education loan granted to indivisual for educational purposes upto rupess…… for

A. 7 lakh
B. 10 lakh
C. 15 lakh
D. 20 lakh
Answer» B. 10 lakh
28.

Housing loan granted to public indivisual upto rupees………….for construction of houses treated as priority sector advances

A. 5 lakh
B. 10 lakh
C. 15 lakh
D. 20 lakh
Answer» D. 20 lakh
29.

In microfinance the demand side constraints is

A. lack of awareness
B. distance from bank branch
C. unsuitable product
D. communication
Answer» A. lack of awareness

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