Banking questions for RBI Grade B (Finance)

Dear aspirants,
We are presenting you the banking questions for RBI Grade B Finance Section of the exam. These questions will cover the topics such as CGTMSE, SIDBI, types of ATM, Banking Ombudsman Scheme etc which are very important from exam point of view. Also do read the answers provided at the end of quiz.

banking questions

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  1. Upto what amount of loan is guaranteed by CGTMSE?
    1. Rs 5 crore
    2. Rs 2 crore
    3. Rs 1 crore
    4. Rs 50 lakhs
  2. With whom SIDBI has created a joint venture operate India’s First Trade Receivables Discounting System (TReDS)?
    1. Bombay Stock Exchange (BSE)
    2. Multi-Commodity Exchange (MCX)
    3. National Stock Exchange (NSE)
    4. None of these
  3. SMERA Ratings Ltd is a_____________?
    1. SME focused Credit Rating Agency
    2. Independent and professional investment information and credit rating agency.
    3. Global analytical company providing ratings, research, and risk and policy advisory services
    4. None of these
  4. Which among the following correctly describes the White Label ATMs?
    1. ATM machines set up inside the bank branch
    2. ATM machines set up on standalone basis located at place other than branch premises
    3. ATMs are owned and maintained by service provider whereas a sponsor bank whose brand is used on ATM takes care of cash management and network connectivity
    4. ATM set up, owned and operated by non-bank entities
  5. Who launched the India’s first White Label ATM ‘Indicash’?
    1. Tata Communications Payment Solutions Ltd
    2. BTI Payments Pvt. Ltd
    3. Hitachi Payment Servicess Pvt. Ltd
    4. Vakrangee Ltd
  6. Which among the following correctly describes the Brown Label ATMs?
    1. ATM machines set up inside the bank branch
    2. ATM machines set up on standalone basis located at place other than branch premises
    3. ATMs are owned and maintained by service provider whereas a sponsor bank whose brand is used on ATM takes care of cash management and network connectivity
    4. ATM set up, owned and operated by non-bank entities
  7. Up to what amount of award can be provided by Banking Ombudsman under Banking Ombudsman Scheme 2006?
    1. Rs 10 lacs
    2. Rs 20 lacs
    3. Rs 25 lacs
    4. Rs 30 lacs
  8. NBFCs are regulated under which section of RBI Act, 1934?
    1. Section 35
    2. Section 43
    3. Section 45
    4. Section 49
  9. How many industries make up the core industries?
    1. Eight
    2. Seven
    3. Nine
    4. Ten
  10. The government has decided to bear the Merchant Discount Rate (MDR) Charges for how many years?
    1. 6 months
    2. 1 year
    3. 5 years
    4. 2 years

Answers

  1. 2
    CGTMSE introduced the Credit Guarantee Scheme (CGS) for Micro and Small Enterprises (MSEs) which guarantees credit facilities up to INR 200 lakh
  2. 3
    Receivables Exchange of India Ltd (RXIL) was set up on February 25, 2016 as a joint venture of Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India Limited (NSE), with an objective to operate India’s First Trade Receivables Discounting System (TReDS) – an online platform for financing of receivables of Micro, Small & Medium Enterprises.
  3. 1
    SMERA Ratings Ltd is a SME focused Credit Rating Agency to provide comprehensive, transparent and reliable ratings and risk profiling.
  4. 4
    White Label ATMs are set up, owned and operated by non-bank entities
  5. 1
    TATA subsidiary, Tata Communications Payment Solutions Ltd launched the first white label ATM in India under the brand name of Indicash
  6. 3
    Brown Label ATMs are owned and maintained by service provider whereas a sponsor bank whose brand is used on ATM takes care of cash management and network connectivity
  7. 2
  8. 3
    NBFC are regulated by and are registered with RBI under Section 45-IA of the RBI Act, 1934
  9. 1
    Core Industries comprises of eight industries
  10. 4

You may also like to read following MCQs for RBI Grade B exam: 

Click to go to RBI Grade B Preparation Page  | Click to read more such quizzes

Tags: Banking questions for RBI Grade B, Banking quiz for RBI Grade B, Banking questions, Banking questions for RBI Grade B Finance section

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