Important Banking Awareness Quiz – 105

1. 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?

(a) Ponzi schemes

(b) Micro Finance System

(c) Money Laundering Schemes

(d) Money tampering finance

(e) Supervision Finance

2. The following statements are related to Micro Finance System. Locate the wrong option ?

(a) It provides micro credit having scope for small savings and remittance of funds

(b) It based on the principle of livelihood creation

(c) The livelihood mission means engaging in activities in a routine fashion to generate cash or non-cash income

(b) High volumes of low transactions done through this system.

(e) None of these

3. 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”?

(a) C. D Deshmukh

(b) Amartya Sen

(c) Muhammad Yunus

(d) Sheik Haseena

(e) Muzibaer Rehman

4. The beneficiaries of Micro finance business are _____________?

(a) Land Less labour

(b) Marginal farmers

(c) Vendors in the small markets

(b) Hawkers

(e) All the above

5. The Micro Finance Institutions (MFI) differ

from one another in terms of ?

(a) Product offering

(b) Loan repayment Structure

(c) Product offerings

(d) Legal structure

(e) All of these

6. 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 ?

(a) Joint Liability Game

(b) Josh Liability Group

(c) Joint Loan Group

(d) Joint Liability Group

(e) None of these

7. Co-operatives registered under state or

National Acts and MACs come under Mutual

benefit MFIs. MACS means ?

(a) Moral-Aided Co-Operative Societies

(b) Mint-Aided Co-Operative Societies

(c) Mutually-Aided Co-Operative Societies

(d) Mutually-Agreement Co-Operative Societies

(e) None of these

8. Asian Infrastructure Investment Bank (AII(B), the new multilateral international financial institution which started its operations recently, has its headquarters in which city?

(a) Beijing (b) Shanghai

(c) Manila

(d) Mumbai

(e) None of these

9. Many Regional Rural Banks were given licenses to open” branches in small cities and towns. These licenses were given by?

(a) Indian Banks’ Association

(b) NABARD

(c) RBI

(d) Cabinet Committee on economic affairs

(e) None of these

10. In pursuance of which one of the following

was the General Insurance Corporation of India was formed?

(a) General Insurance Business (Nationalisation) Act, 1972

(b) Insurance Act, 1938

(c) Insurance Amendment Act, 2002

(d) IRDA Act 1999

(e) None of these