51.

In 1993, a loss making nationalised bank was merged with the profit making Panjab National
Bank as a result total number of public sector bank is now: Marks: 2+

27
28
19
14
None of these:
The Correct Answer is : 27
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
52. The first public sector bank is issue capital to public is: Marks: 2+

Corporation Bank.
Indian Overseas Bank.
Oriental Bank of Commerce.
Punjab National Bank.
None of above.
The Correct Answer is : Oriental Bank of Commerce.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
53. New private Sector Banks (NPSB) have been authorized to be set up under the new
liberalisation policy, the minimum paid up capital should be: Marks: 2+

Rs. 50 crs.
Rs. 100 crs.
Rs. 150 crs.
Rs. 200 crs.
None of these
The Correct Answer is : Rs. 200 crs.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
54. The Banking Companies Act, 1949 was enacted to consolidate and amend the law relating to
banking companies w.e.f. 1st March 1966, the name of the Act has been changed as: Marks: 2+

Negotiable instruments Act.

Reserve Bank of India Act.
The Banking and Transfer of Undertaking Act.
The Banking Regulation Act.
None of the above.
The Correct Answer is : The Banking Regulation Act.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
55. As per Sec.6 of the BR Act, a banking can undertake: Marks: 2+

Merchant banking.
Issue of guarantee and indemnity.
Executor and trustee business.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
56. RBI has now permitted banks to carry on the business of Leasing. Hire Purchase and
Factoring directly by themselves, the leadings under each Category should not exceed: Marks:
2+

1% of the total bank credit.

5% of the total bank credit.
10% of the total bank credit.
None of the above.
All of the above.
The Correct Answer is : 10% of the total bank credit.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
57. Under Sec 20 of BR Act, a bank is prohibited from granting any loan or advance to: Marks:
2+

Any of its directors.

Any firm (s) in which directors are interested as partner, manager etc
Any company in which a director is interested as director manger etc.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
58. S. 17 of the BR Act lays down that banks shall create a reserve fund out of the balance of
profit of each year, also before the declaration of dividend a certain percentage of such profit
should be transferred to the reserve fund. This percentage is: Marks: 2+

10% of such profit.

20% of such profit.
15% of such profit.
15% of such profit.
None of the above.
The Correct Answer is : 20% of such profit.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
59. Without the approval of the RBI, a bank can not declare dividend in excess of: Marks: 2+

10%
15%
20%
15%
No such limit.
The Correct Answer is : 15%
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
60. Sec. 20 of the BR Act prohibits a bank from granting any advance against the the security of:
Marks: 2+

Its own shares.

Partly paid shares.
Personal guarantee of its directors, manager.
Personal guarantee of its directors, manager.
None of the above.
The Correct Answer is : Its own shares.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
61. A scheduled bank is one, the name of which is included in the second schedule of RBI Act,
1934. Such a bank should have a paid up Capital and Reserves of of an aggregate value of not
less than: Marks: 2+

Rs. One lakh.

Rs. Five lakh.
Rs. Ten lakh
Rs. Hundred lakh.
None of these.
The Correct Answer is : Rs. Five lakh.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
62. The Land Development Banks grant term loan for Land Development etc. against the
mortgage of lands. In some states these banks are known as: Marks: 2+

Primary Agricultural Credit Societies.

State Co-operative Banks.
Urban Co-operative Banks.
Land Mortgage Banks.
None of the above.
The Correct Answer is : Land Mortgage Banks.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
63. In 1992 RBI had appointed a committee to make recommendation to tone up the working of
the Urban Co-operative Banks. The name of the committee was: Marks: 2+

Marathe Committee.
Narsimham Committee.
Tondon committee.
Talwar Committee
None of the above.
The Correct Answer is : Marathe Committee.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
64. Regional Rural Banks were established pursuant to the recommendations of: Marks: 2+

Narsimham Committee.
Kelkar Committee.
Khusro Committee.
Marathe Committee.
None of above.
The Correct Answer is : Narsimham Committee.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
65. The working of RRBs was reviewed in 1986 and their continuance and greater involvement of
the sponsor bank in their management was recommended by: Marks: 2+

Narsimham Committee.
Kelkar Committee.
Khusro Committee.
Marathe Committee.
All of the above.
The Correct Answer is : Kelkar Committee.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
66. Which is an apex body in the field of industrial finance in the country? Marks: 2+
Industrial Development Bank of India.
EXIM Bank
Industrial Credit and Investment Corporation of India Ltd.
ECGC.
None of the above.
The Correct Answer is : Industrial Development Bank of India.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
67. The following institutions are eligible for refinance facilities from IDBI : Marks: 2+

State Financial Corporations and State Industrial Development Corporations.

Commercial Banks.
Regional Rural Banks.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
68. The objective and functions of IDBI include : Marks: 2+

To provide technical and administrative assistance for promotion or expansion of industry

To undertake market and investment research and survey: technical and economic studies in
connection with development of industry.
To act as lender of last result and to finance projects that are in conformity with national
priorities.
All o the above.
None of the above.
The Correct Answer is : All o the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
69. For availing refinance from IDBI : Marks: 2+

The industrial unit should not be SSI.

Promoter's contribution should be 25% of project cost.
Debt equity ratio should not be more than 2 : 1.
All of the above.
None of the above.
The Correct Answer is : Debt equity ratio should not be more than 2 : 1.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
70. Bills rediscounting scheme of IDBI is available to commercial banks for obtaining refinance in
respect of : Marks: 2+

Trade bills. arising out of genuine commercial transaction, discounted by banks.

Government supply bills.
Bills discounted which are drawn by the suppliers of machinery when machinery is sold on
deferred payment terms.
None of the above.
All of the above.
The Correct Answer is : Bills discounted which are drawn by the suppliers of machinery when
machinery is sold on deferred payment terms.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
71. Under its Bills Rediscounting Scheme, IDBI refinances banks upto 100% of invoice value
subject to minimum amount of rediscounting of bills being : Marks: 2+

Rs. 1,00,000.
Rs. 10,000.
Rs. 5,00,000.
Rs, 10,00,000.
None of these.
The Correct Answer is : Rs. 10,000.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
72. The Small Industries Development Bank of India (SIDBI) was set up by the Govt, of India in
April 1990 as a wholly owned subsidiary of : Marks: 2+

RBI.
IFCI.
IDBI.
ICICI.
None of the above.
The Correct Answer is : IDBI.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
73. The objectives of setting up SIDBI are : Marks: 2+

To initiate steps for technological up gradation and modernization of existing units.

To expand channels for marketing of SSI sector products in India and abroad.
To promote employment-oriented industries in semi-urban areas and to check migration of
population to big cities.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
74. The main functions o SIDBI are : Marks: 2+

To provide refinance for loans and advances extended by the primary lending institutions to SSI
units and also to provide resources support to them.
It discounts and rediscounts bill arising from sale o machinery to or manufactured by industrial
units in the SSI sector.
It extends seed capital/soft loan assistance under National Equity Fund. Mahila Udyam Nidhi and
Mahila Vikas Nidhi and Seed Capital Schemes through specified lending agencies.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
75. The Discount and Finance House of India (DFHI) was established in April 1988 as per the
recommendations of : Marks: 2+

Working Group on Money Market needed by Shri N. Vaghul.

Narsimham Committee on Banking Reforms.
Reserve Bank of India.
None of the above.
All of the above.
The Correct Answer is : Working Group on Money Market needed by Shri N. Vaghul.
76. The Share capital of DFHI is Rs. 200 crore, which has been subscribed by : Marks: 2+

RBI & Financial Institutions.

Public Sector Banks.
RBI, Public Sector Banks and Financial Institutions in the ratio of 51 : 33 : 16.
None of the above.
All of the above.
The Correct Answer is : RBI, Public Sector Banks and Financial Institutions in the ratio of 51 : 33 :
16.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
77. DFHI deals in : Marks: 2+

Treasury Bills.
Commercial Bills.
Certificates of deposit and commercial paper.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
78. Discount and Finance House of India Ltd. : Marks: 2+

participates in call and short notice money market and interbank term deposits market both as
borrower and lender.
deals in Government of India dated securities from April 1992.
Both of the above.
deals in stock market.
None of the above.
The Correct Answer is : Both of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
79. DFHI has enabled : Marks: 2+

Corporates to invest their short term surplus gainfully and to liquidate them wherever necessary.
Banks and Financial Institutions to earn an income by investing their money for short periods
and also to raise term money.
None of the above.
Stock brokers to earn handsome profits.
Both of the above.
The Correct Answer is : None of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
80. Export-Import Bank of India was set up as a statutory corporation, whollyowned by Govt. of
India, in : Marks: 2+

January 1981.
August 1947.
January 1984.
None of these.
All of the above.
The Correct Answer is : January 1981.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
81. Export-Import Bank of India has been set up for the purpose of : Marks: 2+

functioning as a specialised institution fro providing credits to foreign trade on international

competitive terms.
offering advisory services to exporters.
providing refinance facilities in regard to export finance extended by commercial bank and other
financial institutions.
(a), (b) and (c).
None of the above.
The Correct Answer is : (a), (b) and (c).
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
82. EXIM Bank meets the needs of various group ; viz., : Marks: 2+

Indian Exporters.
Overseas Entities.
Commercial Banks.
All of these.
None of the above.
The Correct Answer is : All of these.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
83. The following are the schemes of assistance extended by Exim Import Bank of India : Marks:
2+

It extends as assistance to exporters engaged in export of plant, equipment, machinery and

related services by way of medium term loans for the period exceeding six months. This credit
assistance enables exporters to extend deferred credit to the foreign buyer.
It extends financial assistance to Indian promoters who promotes over seas joint ventures to
support their equity investments through overseas investment finance.
It extends overseas buyer's credit to foreign importers for import of Indian Capital goods and
related services.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
84. Which is the correct statement in respect of Exim Bank's Lending Programm for Export
Oriented Units? Marks: 2+

Interest rate on rupee term loan is linked to Bank's minimum lending rate.
Interest rate on foreign currency loan may be floating of fixed based on bank's cost of funds.
Interest rate on foreign currency loan may be floating of fixed based on bank's cost of funds.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
85. Under Bulk Import Finance Programme (BIF) of Export-Import Bank of India : Marks: 2+

Short term working capital advance is provided to manufacturing for consumable inputs.
Short term loans are provided which can be in Indian rupees and/or foreign currency depending
upon the need of exporter.
Credit is offered for import of eligible items with a minimum order size of Rs. 100 lac.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
86. Which is the correct statement about Bulk Import Programme ? Marks: 2+

The maximum repayment period is 12 months.

Rate of interest on foreign currency loans is directly dependent on this cost of funds to Exim
Bank. subject to maximum of 0.75% over the LIBOR (London Inter Bank Offer Rate.)
Interest rate on rupee loan is 1% below the interest rate charged on cash credit account by
commercial banks subject to minimum interest rate fixed by the Exim Bank.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
87. Export-Import Bank of India also operate the following schemes of assistance : Marks: 2+

Refinance of export credit to eligible commercial bank in India against their medium to long term
post-shipment credits to Indian exports of capital goods.
Lines of credit to foreign governments and financial institutions for import of Indian capital
goods.
Re-lending facility to banks situated in foreign countries to enable them to provide term finance
to importers of Indian capital goods.
All of the above.
None of the above.
The Correct Answer is : Re-lending facility to banks situated in foreign countries to enable them
to provide term finance to importers of Indian capital goods.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
88. Exim bank under its foreign Currency Preshipment Credit (FCPC), Exim Bankgives short term
foreign currency finance to eligible exports for procurement ofinputs and to commercial banks
for on-lending to export customers; the terms of finance are : Marks: 2+

Interest rate on finance is maximum 2% over LIBOR (London Inter Bank Offer Rate).
Maximum period of finance is 180 days from the date of disbursement.
For commercial banks. loans availed from EXIM Bank are exempted from the requirement of
Cash Reserve Ratio, Statutory Liquidity Requirement and Incremental Credit-Deposit Ratio
requirements.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
89. Unit Trust of India (UTI) was set up under an Act of Parliament in 1964 or Statutory Public
Sector Investment Institution. The objectives of the institutions are : Marks: 2+

To provide to the investors of small and moderate means the same advantages of investments
as enjoyed by the large capitalists.
To diminish or minimize the risk of investment in stocks by spreading or diversifying investments
over a large number of different kinds of stocks.
To provide professional management of portfolio.to help the small investors to each the
relatively higher rate of return.
All of the above.
None of the above.
The Correct Answer is : All of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
90. The activities of Unit Trust of India, inter alia, include : Marks: 2+

Sale and purchase of units.

Investment in securities.
Short term and long term debt financing.
All of the above.
None of the above.
The Correct Answer is : Short term and long term debt financing.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
91. UTI extends the assistance to corporate sector by way of : Marks: 2+

Term loans.
Underwriting/direct subscription to shares/debentures.
Both of the above.
Cash credits.
None of the above.
The Correct Answer is : Cash credits.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
92. Unit Trust of India has floated the followings Marks: 2+

UTI Investor Services Ltd.

UTI Bank Ltd.
UTI Securities Exchange Ltd.
All of theses.
None of the above.
The Correct Answer is : UTI Securities Exchange Ltd.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
93. With the repeal UTI Act 1963, with effect from 01.02.2003, unit Trust of India has been re-
organised into : Marks: 2+

UTI-1 which comprises of US-64 and all other assured return schems.
UTI-Mutual Fund (UTIMF) which comprises of all the net asset value based schemes of UTI.
Both of the above.
None of the above.
Either (a) or (b).
The Correct Answer is : None of the above.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
94. Stock Holding Corporation of India Ltd. is promoted by : Marks: 2+

IDBI and ICICI

LIC, GIC, UTI.
IRBI and IFCI
All of these.
None o the above.
The Correct Answer is : All of these.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
95. Stock Holding Corporation of India Ltd. provides : Marks: 2+
Depository, post-trading and custodial services to institutional investors and retail investors.
Securities lending to institutional investors and retail investors.
Derivatives clearing. SGL constituent account services.mutual funds and capital market
instrument distribution.
All of the above.
None of the above.
The Correct Answer is : Depository, post-trading and custodial services to institutional investors
and retail investors.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
96. The primary activity of Stock Holding Corporation of India Ltd. is to : Marks: 2+

Secure effective post trade services relation to transactions in securities carried out by financial
institutions.
Keep stocks of its members in godowns on warehouse pattern.
render the services of taking delivery and holding stock of imported raw materials for industrial
units.
None of the above.
All of the above.
The Correct Answer is : Secure effective post trade services relation to transactions in securities
carried out by financial institutions.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
97. Which is the authority for regulation insurance business in India ? Marks: 2+

IRDA.
Reserve Bank of India
Govt. of India.
All of these.
None of the above.
The Correct Answer is : Reserve Bank of India
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
98. The Life Insurance business was nationalised in ….. and Life Insurance Corporation of India
were set up. Marks: 2+

1947.
1956.
1969.
1977.
None of these.
The Correct Answer is : 1969.
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
99. The business of general insurance was nationalised in 1972 and was vested in the hand of :
Marks: 2+

General Insurance Corporation of India (GIC).

Subsidiaries of GIC; viz., Oriental Insurance, New India Assurance, United India Insurance,
National Insurance.
Both (a) and (b).
None of the above.
Govt. of India.
The Correct Answer is : Both (a) and (b).
You did not answer the question.
Explanation :
undefined
Module : Module A
Chapter : Chapter1
100. Life Insurance policies generally consists two elements Marks: 2+

Substantial element of savings.

Insurance or risk element.
Both of the above.
Tax savings.
None of the above
The Correct Answer is : Both of the above.

26. The regulatory authority for the activities of Merchant Banker in India is: Marks: 2+

Reserve Bank of India.

Ministry of Finance.
Securities and Exchange Board of Delhi.
Indian Banks Association.
All of the above.
The Correct Answer is : Securities and Exchange Board of Delhi.
27. What are major functions undertaken by merchant bankers? Marks: 2+

Issue Management.
Capital structuring/ restructuring.
Market maker in capital market.
All of the above.
None of the above.
The Correct Answer is : Market maker in capital market.
28. Which of the following is not the function of a merchant banker? Marks: 2+

Collection of bills and cheques.

Issue Management.
Preparation of project reports.
Syndication of loans.
Syndication of loans.
The Correct Answer is : Collection of bills and cheques.
29. Merchant bankers which have networth of more than rupees one crore are allowed SEBI to
function as: Marks: 2+

Lead mangers for issue of shares/debentures.

Underwriters for share/debentures.
Both (a) and (b).
Collection of cheques
None of the above.
The Correct Answer is : Both (a) and (b).
30. Merchant bankers with networth of Rs. 50 la and upto Rs. 1 crore are permitted to act as:
Marks: 2+

Co-mangers for share/debenture issue.

Underwriters for share/debenture issue.
Both of the above.
Collection of cheques.
None of the above.
The Correct Answer is : Both of the above.
31. Merchant bankers with networth of over Rs. 20 lac and upto Rs. 50 lac are allowed to act as:
Marks: 2+

Advisors to issue of share/debentures.

Underwriters for issue of share/debentures.
All of the above.
Collection of cheque.
None of the above
The Correct Answer is : Advisors to issue of share/debentures.
32. The following constitute the code of conduct for merchant bankers as stipulatedby SEBI:
Marks: 2+

Maintenance of high degree of standards of integrity and fairness in dealings.

Providing true and adequate information to investors and abide by the provision of various acts.
rules and regulations etc.
Ethical conduct of business and provision of information to customers in respect of code.
All of the above.
None of the above.
The Correct Answer is : All of the above.
33. Which is the apex institution accredited with all matters concerning policy, planning and
operation in the field of credit for agriculture and other economic activities in rural area? Marks:
2+

NABARD
SIDBI
IFCI
Regional Rural Bank.
None of these.
The Correct Answer is : NABARD
34. The capital of NABARD is held by: Marks: 2+

Reserve Bank of India and the Government of India in equal proportion.

State Bank of India and nationalised banks.
Central Government and State Government.
Reserve Bank of India and Regional Rural Banks
All of the above.
The Correct Answer is : Reserve Bank of India and the Government of India in equal proportion.
35. NABARD has been established on the recommendation of: Marks: 2+

Talwar Committee.
Tandon Committee.
CRAFI CARD.
James Raj Committee.
None of the above.
The Correct Answer is : CRAFI CARD.
36. What are the major activities of NABARD? Marks: 2+

It provides refinance to State Co-operative Banks, Scheduled Commercial Banks and Regional
Rural Banks etc.
It co-ordinates the activities of different agencies in the field of agriculture and rural credit.
It improves absorptive capacity of credit delivery system.
All of the above.
None of the above.
The Correct Answer is : It improves absorptive capacity of credit delivery system.
37. NABARD extends refinance to: Marks: 2+

State Land Development Banks, State Co-operative Banks.

Regional Rural Banks.
Commercial Banks and other Financial Institutions approved by RBI.
All of the above.
None of the above.
The Correct Answer is : All of the above.
38. NABARD extends refinance to: Marks: 2+

State Land Development Banks, State Co-operative Banks.

Regional Rural Banks.
Commercial Banks and Financial Institutions approved by RBI
All of the above.
None of the above.
The Correct Answer is : All of the above.
39. In the case of minor irrigation finance, NABARD provides refinance to the extent of: Marks:
2+

95%
90%
75%
67%
50%
The Correct Answer is : 95%
40. 100% refinance is available in the case of: Marks: 2+

Agriclinic and Agribusiness centers.

SC/ST Action Plan. ARWID. MAHIMA.
Dry Land Development/**BADWORD**e Land Development Schemes for individuals.
(a), (b) and (c).
(a) and (b).
The Correct Answer is : (a), (b) and (c).
41. A refinance to the extent of 90% under Automatic Refinance Facility is available for loans
and advances granted under: Marks: 2+

Farm mechanization.
PMRY for all activities.
SGSY for all activities other than minor irrigation.
All of the above.
(a) and (b).
The Correct Answer is : All of the above.
42. For loans and advances granted by commercial banks to small, road and water transport
operations scheme (SRWTED), NABARD provides refinance under Automatic Refinance Facility,
subject to the conditions: Marks: 2+

Repayment of loan should not exceed 5 years with moratonium of 6 months.

Refinance amount is restricted to Rs. 15 lakh per borrower.
The borrower should be from rural area and he should utilize the vehicle mainly for
transportation of rural farm and non-farm products and inputs and passengers to/from
marketing centers.
All of the above.
None of the above.
The Correct Answer is : All of the above.
43. Under its investment credit (medium and long term) refinance scheme, refinance is available
to following activities in agriculture and allied activities: Marks: 2+

Minor irrigation, farm mechanization, land development and soil conservation.

Dairy, sheep rearing, poultry, piggery, horticulture/plantation, forestry, fishery, storage etc.
Biogas and other alternate sources of energy, sericulture, apiculture, animal and animal driven
carts, agro-processing, agro-service centers etc.
All of the above.
None of the above.
The Correct Answer is : All of the above.
44. NABARD's refinace is available to commercial banks under non-farm sectorfor investment
activities of: Marks: 2+

Artisans.
Small scale industries, tiny sector, village and cottage industries
Handicrafts, handlooms, power looms etc.
All of the above.
None of the above.
The Correct Answer is : All of the above.
45. The industrial Finance Corporation of India is the first institution established tobuild a term
financing institutional structural in India; it was established on: Marks: 2+

July 1948.
August 1969.
September 1957.
December 1970.
None of these.
The Correct Answer is : July 1948.
46. The operations of IFCI comprise of: Marks: 2+

Project Finance.
Financial Services.
Corporate Advisory Services
All of these.
None of the above.
The Correct Answer is : All of these.
47. The Industrial Finance Corporation of India provides loans to: Marks: 2+

Government companies only which are in core sector (i.e., power generation, steel, coal and
cement etc.)
Newly established industries in backward districts.
Industries in private sector.
Joint stock companies and co-operative societies engaged in the manufacturing and processing
of goods.
None of the above.
The Correct Answer is : Joint stock companies and co-operative societies engaged in the
manufacturing and processing of goods.
48. Which of the following institutions have been promoted by IFCI? Marks: 2+
ICRA-Investment Information & Credit Rating Agency of India Ltd.
Institute of Labour Development.
Tourism Advisory & Financial Services Corporation of India Ltd.
All of the above.
None of the above.
The Correct Answer is : All of the above.
49. The IFCI is undertaking diversified activities, such as: Marks: 2+

Merchant Banking.
Fund Management.
Venture Capital
All of the above.
None of the above.
The Correct Answer is : All of the above.
50. The Merchant Banking Division provides following services: Marks: 2+

Credit Syndication and Issue Management.

Project counseling.
Counselling for Financial Reconstruction and Rehabilitation.
All of the above.
None of the above.
The Correct Answer is : All of the above.