If you ally craving such a referred banking awareness mcq book that will have the … Basic/Banking awareness is a part 100 random MCQs
81.Who among the following regulates the NBFCs in India?
[A] Reserve Bank of India
[B] SEBI
[C] Government of India
[D] None of the above
Correct Answer: A [Reserve Bank of India]
Notes:
The working and operations of NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the [[Reserve Bank of India Act, 1934]] (Chapter III-B) and the directions issued by it.
82.Core investment company is a type of which of the following?
[A] IT company
[B] Insurance company
[C] Bank
[D] NBFC
Correct Answer: D [NBFC]
Notes:
Core Investment Company (CIC) is a non-banking financial company carrying on the business of acquisition of shares and securities.
83.Core Investment Company holds not less than how much percent of its net assests in the form of investment?
[A] 50%
[B] 70%
[C] 90%
[D] 80%
Correct Answer: C [90%]
Notes:
Core Investment Company (CIC) is a non-banking financial company carrying on the business of acquisition of shares and securities and which (a) holds not less than 90 per cent of its net assets in the form of investment.
84.How much percent of foreign investment is allowed for NBFC?
[A] 50%
[B] 25%
[C] 100%
[D] 0%
Correct Answer: C [100%]
Notes:
100% of foreign investment is allowed for NBFC.
85.Which of the following acts defines ‘Factoring Business’?
[A] Factoring Act, 2011
[B] Factoring Act, 2012
[C] Factoring Act, 2010
[D] Factoring Act, 2005
Correct Answer: A [Factoring Act, 2011]
Notes:
The Factoring Act, 2011 defines the ‘Factoring Business’ as “the business of acquisition of receivables of assignor by accepting assignment of such receivables or financing, whether by way of making loans or advances or in any other manner against the security interest over any receivables”.
86.In India, merchant-banking activity was originated with the merchant banking division set up by which of the following?
[A] Grind lays bank
[B] Barclays bank
[C] Yes bank
[D] None of the above
Correct Answer: A [Grind lays bank]
Notes:
In India, merchant-banking activity was originated with the merchant banking division set up by Grind lays bank.
87.The early growth of merchant banking in the country is assigned to the which of the following?
[A] Foreign Exchange Regulation Act, 1973
[B] Securities Contracts Act
[C] Income-tax Act
[D] FEMA
Correct Answer: A [Foreign Exchange Regulation Act, 1973]
Notes:
The early growth of merchant banking in the country is assigned to Foreign Exchange Regulation Act, 1973.
88.ICICI started merchant banking in which of the following years?
[A] 1980
[B] 1978
[C] 1981
[D] 1974
Correct Answer: D [1974]
Notes:
ICICI started merchant banking in 1974. ICICI Merchant Services is committed to making electronic payment acceptance fast, easy and secure for merchants of all sizes and business sectors.
89.A debenture trust deed is an agreement between the company and the trustees to look after the interest of which of the following?
[A] Debenture holders
[B] Issue managers
[C] Debt holders
[D] Noneof the above
Correct Answer: A [Debenture holders]
Notes:
A debenture trust deed is an agreement between the company and the trustees to look after the interest of debenture holders.
90.Which of the following is the management of securities of the corporate sector offered to the public on a regular basis?
[A] Corporate Issues Management
[B] Public Issues Management
[C] Securities Issues Management
[D] Private Issues Management
Correct Answer: B [Public Issues Management]
Notes:
Public Issue Management is the management of securities of the corporate sector offered to the public on a regular basis, and existing shareholders on a rights basis, is known as public issue management.
If you ally craving such a referred banking awareness MCQs book that will have the … Basic/Banking awareness is a part 100 random MCQs
