Pick the right answer, quickly

Exercise and reference answers

Questions

1. Question

   Principal business test threshold:

   Choices

   1. 50 per cent
   2. 60 per cent
   3. 75 per cent

   Correct choice

   50 per cent

2. Question

   Registration section of the RBI Act:

   Choices

   1. Section 24
   2. Section 42
   3. Section 45-IA

   Correct choice

   Section 45-IA

3. Question

   Minimum net owned funds now:

   Choices

   1. Two crore
   2. Ten crore
   3. Fifty crore

   Correct choice

   Ten crore

4. Question

   New deposit certificates stopped in:

   Choices

   1. 1987
   2. 1997
   3. 2007

   Correct choice

   1997

5. Question

   Subordinated debt maturity floor:

   Choices

   1. 36 months
   2. 48 months
   3. 60 months

   Correct choice

   60 months

Instructions

Tap the correct answer before the round moves on.

Explanation