We are presenting you the NBFC related MCQ for RBI Grade B Finance Section of the exam.These questions will cover the topics such as NBFC, FATCA etc which are very important from exam point of view. Also do read the answers provided at the end of quiz.
Q1. Recently RBI came up guidelines to incorporate the Name of the Purchaser on the Face of the Demand Draft. These instructions are applicable on instruments issued on or after ________?
Q2. Within how many working days, the customer has to notify the bank regarding the unauthorised transaction so that there is zero liability of customer?
Q3. The Foreign Account Tax Compliance Act (FATCA) is related to citizens of which country?
Q4. Consider the following statements regarding Ombudsman Scheme for NBFC:
a) Section 45L of the RBI Act, 1934 confers powers on RBI to notify such scheme
b) NBFCs having customer interface, with assets size of one billion rupees or above are eligible to be covered under the scheme
c) The scheme is initially being introduced at the four metro centers
d) All NBFCs are covered under the scheme
Choose the correct answer from the following options:
Q5. Which among the following does not have Ombudsman office for NBFC?
Q6. Under the Ombudsman scheme for NBFC, who is the appellate authority for handling the complaints?
Q7. Which among the following NBFC are not excluded from the Ombudsman scheme for NBFC?
Q8. What is the maximum amount of award that can be passed by Ombudsman for NBFC?
Q9. Under NBFC– Peer to Peer Lending Platform Directions, 2017 by RBI, what is the aggregate exposure limit of a single lender to all borrowers at any point of time, across all P2Ps?
Q10. Under NBFC– Peer to Peer Lending Platform Directions, 2017 by RBI, what is the aggregate loan limit of a single borrower at any point of time, across all P2Ps?
You may also like to read following MCQs for RBI Grade B exam:
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Punjab Civil Services 2020