Banking Awareness Quiz – Set 132

Hello Aspirants,
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 of the following is an investment strategy in which a fund invests in other types of funds?
   A. Bond
   B. Securities
   C. Stock
   D.Funds of Fund
   E. None of these
   
   Answer & Explanation

   D.Funds of Fund
   Explanation:
   Funds of Fund is an investment strategy in which a fund invests in other types of funds
   
   
2. Which of the following is also known as multi-manager investment?
   A. Bond
   B. Securities
   C. Stock
   D. Funds of Fund
   E. None of these
   
   Answer & Explanation

   D. Funds of Fund
   Explanation:
   Funds of Fund is also known as multi-manager investment.
   
   
3. The BRBNMPL has been registered as a ______ under the Companies Act 1956
   A. Limited Liability Company
   B. Public Limited Company
   C. Private Limited Company
   D. All of these
   E. None of these
   
   Answer & Explanation

   C. Private Limited Company
   Explanation:
   The Bharatiya Reserve Bank Note Mudran Private Limited(BRBNMPL) has been registered as a Private Limited Company under the Companies Act 1956.
   
   
4. Which of the following is/are the subsidiaries of RBI?
   A. DICGC
   B. NHB
   C. NABARD
   D. BRBNMPL
   E. All of these
   
   Answer & Explanation

   E. All of these
   Explanation:
   RBI has four subsidiaries viz. Deposit Insurance and Credit Guarantee Corporation, DICGC; National Housing Bank; Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) and NABARD.
   
   
5. The Headquarters of BRBNMPL is located at?
   A. Chennai
   B. Hyderabad
   C. Bangalore
   D. Mumbai
   E. None of these
   
   Answer & Explanation

   C. Bangalore
   Explanation:
   The Headquarters of BRBNMPL is located at Bangalore.
   
   
6. MLI Stands for?
   A. Member Lending Institutions
   B. Multi Lending Institutions
   C. More Lending Institutions
   D. Multi-Lender Institutions
   E. Member Lender Institutions
   
   Answer & Explanation

   A. Member Lending Institutions
   Explanation:
   MLI – Member Lending Institutions.
   
   
7. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) set up by?
   A. GOI & NABARD
   B. GOI & SIDBI
   C. RBI & GOI
   D. NABARD & GOI
   E. Bank of India
   
   Answer & Explanation

   B. GOI & SIDBI
   Explanation:
   GOI & SIDBI set up Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
   
   
8. As on May 31, 2016, there were _____ eligible Lending Institutions registered as MLIs of the Trust.
   A. 133
   B. 124
   C. 145
   D. 130
   E. None of these
   
   Answer & Explanation

   A. 133
   Explanation:
   As on May 31, 2016, there were 133 eligible Lending Institutions registered as MLIs of the Trust, comprising of 26 Public Sector Banks, 21 Private Sector Banks, 73 Regional Rural Banks (RRBs), 4 Foreign Banks and 9 other institutions.
   
   
9. Which of the following is eligible lending institutions of the Trust?
   A. Public Sector Bank
   B. Private Sector Bank
   C. Foreign Banks
   D. All of these
   E. None of these
   
   Answer & Explanation

   D. All of these
   Explanation:
   Public Sector Banks, Private Sector Banks and Foreign Banks are eligible lending institutions of the Trust.
   
   
10. The CGTMSE was launched by the Government of India (GoI) to make available collateral-free credit to which of the following sectors?
    A. Private Banks
    B. Companies
    C. Insurance
    D. Agriculture
    E. MSME
    
    Answer & Explanation

    E. MSME
    Explanation:
    The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India (GoI) to make available collateral-free credit to the micro and small enterprise sector.