Banking Awareness Quiz – Set 92

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Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

1. Which is a full service credit rating agency exclusively set up for micro, small and medium enterprises?
   A. CRISIL
   B. ICRA
   C. CARE
   D. ONICRA
   E. SMERA
   
   Answer & Explanation

   E. SMERA
   Explanation:
   SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a full service credit rating agency exclusively set up for micro, small and medium enterprises.
   
   
2. SMERA is a joint initiative of _________
   A. SIDBI & Leading PSBs
   B. Dun & Bradstreet Information Services India Private Limited (D&B) & Leading Private Banks
   C. RBI & SEBI
   D. Both (A) and (B)
   E. Both (A) and (C)
   
   Answer & Explanation

   D. Both (A) and (B)
   Explanation:
   SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India.
   
   
3. The Headquarters of SMERA is located in _______
   A. Mumbai
   B. New Delhi
   C. Hyderabad
   D. Gurugram
   E. None of these
   
   Answer & Explanation

   A. Mumbai
   Explanation:
   The Headquarters of SMERA is located in Mumbai, Maharashtra.
   
   
4. SMERA Ratings Ltd (SMERA) is registered by ______
   A. SEBI
   B. SIDBI
   C. NABARD
   D. RBI
   E. None of these
   
   Answer & Explanation

   A. SEBI
   Explanation:
   SMERA is registered with the Securities and Exchange Board of India (SEBI) as a Credit Rating Agency.
   
   
5. SMERA is the ______ rating agency in the country?
   A. First
   B. Sixth
   C. Seventh
   D. Eighth
   E. None of these
   
   Answer & Explanation

   B. Sixth
   Explanation:
   SMERA is registered with the Securities and Exchange Board of India (SEBI) as a Credit Rating Agency (6th in India).
   
   
6. Credit Rating Agency, SMERA accredited by ________
   A. SEBI
   B. SIDBI
   C. NABARD
   D. RBI
   E. None of these
   
   Answer & Explanation

   D. RBI
   Explanation:
   The Company has received accreditation from the Reserve Bank of India (RBI) as an External Credit Assessment Institution (ECAI) under BASEL – II norms for undertaking bank loan ratings.
   
   
7. Which of the following instruments rated/graded by SMERA?
   A. Commercial Papers
   B. Security Receipts
   C. Fixed Deposits
   D. Only (B) and (C)
   E. All of these
   
   Answer & Explanation

   E. All of these
   Explanation:
   SMERA can rate/grade various instruments such as: IPO, NCDs, Commercial Papers, Bonds, Security Receipts, Fixed Deposits etc
   
   
8. SMERA is also em-panelled as an approved rating agency by_______
   A. SIDBI
   B. NABARD
   C. NSIC
   D. Both (B) and (C)
   E. None of these
   
   Answer & Explanation

   C. NSIC
   Explanation:
   SMERA is also em-panelled as an approved rating agency by the National Small Industries Corporation Ltd. (NSIC) under the “Performance & Credit Rating Scheme for Small Industries”, approved by the Ministry of Small Scale Industries, Government of India.
   
   
9. Which of the following has awarded SIDBI with “Outstanding Development Project Award” for setting up SMERA?
   A. Standard & Poor
   B. IBRD
   C. ADB
   D. ADFIAP
   E. None of these
   
   Answer & Explanation

   D. ADFIAP
   Explanation:
   The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) has awarded SIDBI with “Outstanding Development Project Award” for setting up SMERA in 2007.
   
   
10. SMERA has been registered under _______
    A. Securities and Exchange Board of India Act, 1992
    B. Reserve Bank of India Act, 1934
    C. Banking Regulation Act, 1949
    D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
    E. None of these
    
    Answer & Explanation

    D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
    Explanation:
    SMERA has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.