11.
Which position does India hold in Foreign Exchange Reserve?
[A] 7th
[B] 2nd
[C] 9th
[D] 3rd
Hide Answer
Correct Answer: D [3rd]
Notes:
India stands at 9th position in total Foreign Exchange Reserve with US$396,085 million as on January 4,2019.China tops the list of countries having reserve of US$ 3,053,100 million.
12.Which of the following city is the headquarter of ONICRA?
[A] Mumbai
[B] Gurugram
[C] Noida
[D] Faridabad
Hide Answer
Correct Answer: B [Gurugram]
Notes:
ONICRA provides ratings, risk assessment and analytical solutions. It was established in 1993. It provides assessment, grading and rating models for individuals & MSMES. The headquarter is in Gurugram, Haryana.
13.Personal Loans are also called as by which of the following names?
[A] Signature Loans
[B] Unsecured Loans
[C] Consumer Loans
[D] All of the Above
Hide Answer
Correct Answer: D [All of the Above]
Notes:
Unsecured loans (called signature loans) are advanced on the basis of the borrower’s credit-history and ability to repay the loan from personal income. Repayment is usually through fixed amount installments over a fixed term. Also called consumer loan.
14.Funds which combined the features of an Open-Ended and Close-Ended funds are known as which of the following?
[A] Interval funds
[B] Balance funds
[C] Specialty funds
[D] None of the Above
Hide Answer
Correct Answer: A [Interval funds]
Notes:
An interval fund is a type of closed-end fund .It has shares that do not trade on the secondary market. Instead the fund periodically offers to buy back a percentage of outstanding shares at net asset value (NAV).
15.Which of the following mutual funds solely invests in stocks?
[A] Bond Fund
[B] Fixed Income Fund
[C] Money Market Mutual Fund
[D] Equity Fund
Hide Answer
Correct Answer: D [Equity Fund]
Notes:
An equity fund invests 60% or more of its assets primarily in equity shares of companies .An equity investment refers to the buying and holding of shares of stock on a stock market by individuals and firms .
16.Which of the following countries has the largest Mutual Fund market in the World?
[A] USA
[B] Japan
[C] China
[D] Brazil
Hide Answer
Correct Answer: A [USA]
Notes:
The country with the largest mutual fund industry is United States. It has an amount of $18.9 trillion. Mutual fund assets worldwide is approximately $40.4 trillion.
17.What is the meaning of the term Repayment Capacity?
[A] It is how much you pay in each EMI.
[B] It is the time in which one can repay Housing Loan.
[C] None of the options
[D] It is based on your monthly disposable income and other factors like spouse’s income, assets,
Hide Answer
Correct Answer: D [It is based on your monthly disposable income and other factors like spouse’s income, assets,]
Notes:
The bank will assess repayment capacity while deciding the home loan eligibility. Repayment capacity is based on your monthly disposable / surplus income and other factors like spouse’s income, assets, liabilities, stability of income etc.
18.What is the full form of BPLR?
[A] Beginners Prime Lending Rate
[B] Benchmark Primary Lending Rate
[C] Benchmark Prime Lending Rate
[D] Beginners Prime Lending Rate
Hide Answer
Correct Answer: C [Benchmark Prime Lending Rate]
Notes:
Benchmark Prime Lending Rate is the rate at which commercial banks charge their customers who are most creditworthy. According to the Reserve Bank of India (RBI), banks can fix the BPLR with the approval of their Boards.
19.What is the time period for a Short term corporate loan?
[A] 1 Year
[B] 18 Months
[C] Both a and b
[D] None of the above
Hide Answer
Correct Answer: C [Both a and b]
Notes:
A short-term loan, usually offered to firms that don’t qualify for a line of credit. It generally runs less than a year, though it can also refer to a loan of up to 18 months or so.
20.Which of the following types of corporate loans are known as balloon loans?
[A] Short-term Loans
[B] Intermediate term Loans
[C] Long term Loans
[D] Both a and b
Hide Answer
Correct Answer: D [Both a and b]
Notes:
Both intermediate-term loans and shorter long-term loans are also called balloon loans because these come with balloon payments. They are so-called because the final installment swells or “balloons” into a much larger amount than any of the previous ones.
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