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IBPS Clerk Financial Institutions — practice questions — page 3

Explore 67 free Financial Institutions questions in IBPS Clerk Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Financial Institutions questions and exercises with answers

Showing questions 61–67 of 67.

Match each NBFC type to its workRead the answer and worked solution →True or false about NBFCsRead the answer and worked solution →Fill the gaps in the NBFC rulesRead the answer and worked solution →Sort each item by what it belongs toRead the answer and worked solution →Order the steps to become an NBFCRead the answer and worked solution →Spot the one that does not fitRead the answer and worked solution →Pick the right answer, quicklyRead the answer and worked solution →

Worked practice questions

Match each NBFC type to its work

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Matching pairs
  1. Left
    NBFC-MFI
    Right
    Collateral free small loans
  2. Left
    NBFC-Factor
    Right
    Buys receivables of firms
  3. Left
    NBFC-AA
    Right
    Aggregates financial accounts
  4. Left
    NBFC-IFC
    Right
    Lends to infrastructure
  5. Left
    ICC
    Right
    Asset finance and lending
  6. Left
    Deposit taking
    Right
    Holds a special certificate
Instructions
Tap a type on the left, then tap what it does.
_Source: RBI, FAQs on Non-Banking Financial Companies_

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True or false about NBFCs

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Questions
  1. Statement is true
    No
    Statement
    An NBFC may accept demand deposits.
  2. Statement is true
    No
    Statement
    NBFC depositors get DICGC cover.
  3. Statement is true
    Yes
    Statement
    Registration is needed under Section 45-IA.
  4. Statement is true
    No
    Statement
    Partnership firms may take public deposits.
  5. Statement is true
    Yes
    Statement
    An NBFC-MFI must be non-deposit taking.
  6. Statement is true
    Yes
    Statement
    Public funds include inter-corporate deposits.
Instructions
Decide whether each statement is true or false.
_Source: RBI, FAQs on Non-Banking Financial Companies_

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Fill the gaps in the NBFC rules

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Missing parts
  1. Answer
    50 per cent
    Choices
    1. 50 per cent
    2. 75 per cent
    3. 25 per cent
  2. Answer
    45-IA
    Choices
    1. 45-IA
    2. 42-IA
    3. 24-IA
  3. Answer
    ten crore
    Choices
    1. ten crore
    2. two crore
    3. five crore
  4. Answer
    75 per cent
    Choices
    1. 75 per cent
    2. 50 per cent
    3. 25 per cent
Complete the statement
Financial assets above {0} of total assets make finance the principal business. Registration falls under section {1}. Net owned funds must be {2}. An NBFC-MFI holds {3} in microfinance.
Instructions
Tap a phrase to drop it into the empty slot.
_Source: RBI, FAQs on Non-Banking Financial Companies_

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More Banking Awareness topics

NPA & RecoveryBanker-Customer RelationshipNegotiable Instruments ActRBI Act & BR ActBasel Norms & CapitalDeposit InsuranceRBI BasicsMoney, Banking and Credit