63 - NBFC-MFIs

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on NBFC-MFIs for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

1. With reference to the Micro Finance Institutions, which of the following statements is correct?

[A] At present, MFl obtain finance from banks according to RBI guidelines
[B] MFIs provide small scale credit to low income households and small informal businesses
[C] Both 1 and 2
[D] Neither 1 nor 2

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2. Which of the following microfinance institution is Universal Bank?

[A] Bandhan Financial Services Private Ltd
[B] Arohan Financial Services Private Ltd
[C] Disha Microfinance Private Ltd
[D] SKS Microfinance Private Ltd

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3. Which of the following are the loans of very small amounts given to low income groups or poor household?

[A] Cash credit
[B] Micro credit
[C] Simple credit
[D] Rural credit

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4. Under the guidelines issued on 2 Dec 2011, an NBFC-MFI should have minimum net owned funds of how much amount?

[A] Rs. 3 crore
[B] Rs. 4 crore
[C] Rs. 5 crore
[D] Rs. 6 crore

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5. As per the guidelines issued by RBI, all NBFC-MFIs should maintain an aggregate margin cap of not more than how much percent?

[A] 8 per cent
[B] 9 per cent
[C] 10 per cent
[D] 12 per cent

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6. The tenure of the loan issued by NBFC-MFI to the borrower should not be less than 24 months for loan amount in excess of how much amount?

[A] Rs. 30,000
[B] Rs. 20,000
[C] Rs. 15,000
[D] Rs. 25,000

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7. For an NBFC-MFI, the tenure of the loan must not to be less than how many months?

[A] 12 months
[B] 24 months
[C] 18 months
[D] 36 months

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8. Loan disbursed by an NBFC-MFI to a borrower with a rural household annual income should not exceed how much amount?

[A] Rs. 1,00,000
[B] Rs. 2,00,000
[C] Rs. 4,00,000
[D] Rs. 3,00,000

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9. Loan disbursed by an NBFC-MFI to a borrower with urban and semi-urban household income should not exceed how much amount?

[A] Rs.1,00,000
[B] Rs. 1,60,000
[C] Rs. 2,60,000
[D] Rs.1,50,000

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10. NBFC-Infrastructure Finance Companies must have at least what per cent of its total assets in infrastructure loans?

[A] 80%
[B] 50%
[C] 75%
[D] 70%

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