1. The poor cannot provide security to get loans from banks. Banks also cannot provide small quantum of loans citing high operating cost. So to help the poor, which type of finance
system developed?
1) Lottery Loan Schemes
2) Super Vision Finance
3) Ponzi Schemes
4) Money Laundering Schemes
5) Micro Finance System
2. Who is called "father of microfinance systems" introduced the concept of Microfinance in Bangladesh in the "Grameen Bank"?
1) Atiur Rahman
2) Ashraf Mahmood Wathra
3) Muhammad Yunus
4) Dr. Chiranjivi Nepal
5) Arjuna Mahendran
3. During the periods 1970-1980, the microenterprise movement led to the emergence of NGOs. NGO means .........
1) neo government organization
2) number governmental organization
3) no governmental organization
4) non governmental organizations
5) None
4. In the 1990s, a number of institutions transformed themselves into formal micro finance institutions. Which is the first microfinance institution in India established?
1) Margadarsi
2) Sri ram
3) Mutthoot
4) Bandhan
5) Manappuram
5. Recommendations of Malegam committee on Micro Finance Sector do not include ........
1) MFI should not charge more than 24% of its disbursed loans.
2) Processing fee on the loan amount must not be more than 1%.
3) Margin of interest to be not more than 20 percent.
4) MFIs should lend to an individual borrower only as a member of a JLG and should have the responsibility of ensuring that the borrower is not a member of another JLG.
5) Bank advances to MFIs should continue to enjoy 'priority sector lending' status.
6. The beneficiary in the Micro Finance lending is .........
1) Daily wage labour
2) Marginal farmers
3) Vendors in the small markets
4) Land less labour
5) All of above
7. Which of the following statements is wrong regarding the Micro Finance System?
1) The system originally intended to enable women to avail the credit for income generation.
2) Women barrow the money and use it for productive work to come out of poverty under this system.
3) Tribal women are barred to avail this system as they are illiterate.
4) Highlight of this system is mutual faith and reciprocity.
5) It is more successful in tribal areas.
8. Whether Micro Finance System is the part of Financial Inclusion?
1) No
2) Partly it is part of Financial Inclusion
3) Yes
4) No, because RBI debarred it
5) None of above
9. Which nation announced to open the New Suez Canal on 6 August 2015?
1) Italy
2) Spain
3) Egypt
4) Greece
5) Macedonia
10. Indian Micro Finance Institutes (MFI) usually adopt the groupbased lending models. They are
of two types, SHG model and JLG model. SHG means .........
1) Self Hedge Group
2) Sequence Hedge Group
3) Single Help Group
4) Self Help Group
5) None
11. JLG means .........
1) Joint Liability Game
2) Josh Liability Group
3) Joint Loan Group
4) Junior Liability Group
5) Joint Liability Group
12. To control high rate interest rates, coercive collections and illegal insurance practices by the Micro Finance Institutes, Andhra Pradesh government passed Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Act in .........
1) 2013
2) 2005
3) 2007
4) 2009
5) 2011
13. In the Not-For-profit Micro Finance Institutes, Which among the following are included?
1) Societies
2) Public Trusts
3) Non-profit companies
4) All of above
5) None
14. Co-operatives registered under state or National Acts and MACS come under Mutual benefit MFIs. MACS means .........
1) Moral-Aided Co-operative Societies
2) Mint-Aided Co-operative Societies
3) Mutually-Aided Co-operative Societies
4) Mutually-Aided Core Societies
5) None
15. Non-banking financial companies, producer companies and LAB come under the category of For-Profit -MFIs. LAB means .........
1) Loan Area Banks
2) Legal Area Banks
3) Local Axis Banks
4) Local Area Banks
5) None of these
16. SKS Microfinance Ltd, the famous listed micro lender in the country founded by .........
1) Sudipa Sen
2) M.B.N. Rao
3) Kunal Ghosh
4) Vikram Akula
5) None
17. Who launched an ''India Microfinance Platform'', a portal on microfinance activities across the country, with the assistance of World bank?
1) SBI
2) ICICI
3) SIDBI
4) Exim Bank
5) NABARD
18. Which committee has recommended creation of a separate category of NBFCs operating in the microfinance sector to be designated as NBFC-MFIs (Non-Banking Finance Company-Micro Finance Institutes)?
1) C. Ranga Rajan
2) Chandra Sekar
3) Y.H. Malegam
4) Tarapore
5) R.K. Sundaram
19. Microfinance Institutions Network (MFIN) CEO is .........
1) Rajiv Akula
2) Deepak Parekh
3) Alok Prasad
4) Veena Jain
5) K. Prabhakar
20. RBI asked banks to issue only EMV chip based and PIN enabled debit and credit cards from .........
1) 1 July 2016
2) 1 June 2016
3) 1 September 2015
4) 1 January 2016
5) 31 December 2015
21. Vikas Swarup assumed charge as spokesperson in the External Affairs Ministry on 18 April 2015. Which of his novels made into Oscar winning film, the Slumdog Millionaire?
1) Bombay Salam
2) Q&A
3) Kaun Banega Karorpathi
4) Lakshyam
5) IAS
22. BCCI decided to scrap which trophy from 2015-16 calendar year?
1) Vijay Hazare Trophy
2) Duleep Trophy
3) Ranji Trophy
4) Irani Trophy
5) All of above
23. Player and related sport given. Locate the wrong combination?
1) Shubham Jaglan - Shooting
2) Kagiso Rabada - Cricket
3) Ritu Rani - Hocky
4) Geeta Phogat - Wrestling
5) Yuki Bhambri - Tennis
24. First World Youth Skills Day (WYSD) observed on which day in the year 2015?
1) 15 July
2)12 Jan
3) 31 May
4) 1 Dec
5) 1 July
25. Theme of Youth Skills Day 2015 is .........
1) Improve your skill please
2) Skill Globe, the nice Globe for Employment
3) Skill kill the Unemployment
4) Skill to Improve Your Empowerment
5) Youth skills for work and life in the post- 2015 agenda
26. To mark the Youth Skills Day 2015, on 15 July 2015, which scheme launched by Union Ministry of Skill Development and Entrepreneurship (MSDE)?
1) Swatch Bharath
2) JAM
3) Make India
4) Swabhiman
5) Skill India
27. Union Minister of State for Skill Development and Entrepreneurship (Independent Charge) is .........
1) Prathap Rudy
2) Prakash Javedkar
3) V.K. Singh
4) Nirmala Sitharaman
5) Bandaru Dattathreya
28. On the eve of Youth Skills Day, PMKVY was launched. PMKVY stands for .........
1) Pradhan Mantri Kishore Vikash Yojana
2) Pradhan Mithra Kaushal Vikash Yojana
3) Pradhan Mantri Kaushal Visesh Yojana
4) Pradhan Mantri Kaushal Vikash Yagna
5) Pradhan Mantri Kaushal Vikash Yojana
29. Who heads the Government Committee on Net Neutrality?
1) Rahul Khullar
2) Ravi Shankar Prasad
3) A.K. Bhargava
4) Sampitroda
5) None of above
30. International Nelson Mandela Day was observed on .........
1) 22 April
2) 22 Feb
3) 2 Oct
4) 18 July
5) 25 Dec
31. UNESCO has chosen which Indian City as City of Music under the Creative Cities Network?
1) Varanasi
2) Gaya
3) Basara
4) Agra
5) Amaravathi
32. Who heads the expert group formed to classify the Caste-Tribe data of the Socio Economic and Caste Census 2011?
1) Bibek Debroy
2) Ashok Gulati
3) Arvind Panagariya
4) Chandramouli
5) Pandu Ranga Acharya
33. Muhammadu Buhari Elected as a President of .........
1) UAE
2) Saudi Arabia
3) Nigeria
4) Guatemala
5) Yemen
34. On 16 July 2015, RBI has constituted a committee to prepare a 5 year action plan to spread the reach of financial services across country to unbanked population headed by .........
1) Usha Thorat
2) H.R. Khan
3) Nachiket Mor
4) D. Subba Rao
5) Deepak Mohanty
35. Justice R M Lodha committee constituted to probe .........
1) Common wealth games scam
2) 2 G Spectrum scam
3) Black money hoarding in Foreign nations
4) Irregularities in LPG gas dealers selection process
5) IPL Betting Scandal 2013
36. Lt General Man Mohan Singh Rai appointed as the .........
1) Army chief
2) Vice-Chief of Indian Army
3) Navy Chief
4) DRDO chief
5) Union Minister of state for Defence Affairs
37. International population day celebrates on .........
1) 7 July
2) 10 July
3) 11 June
4) 11 July
5) 5 Sep
38. International population day 2015 Theme .........
1) Say No to Population to Save the World
2) Save the Globe from Population disasters
3) Kill the population growth in Developing Nations
4) Vulnerable Population in Emergencies
5) None of above
39. Global Economic Prospects (GEP) released by .........
1) IEA
2) World Bank
3) WTO
4) European Central Bank
5) IMF
40. How much amount of soft loan provided by the government to sugar mills to clear dues to farmers?
1) Rs.16,000 crores
2) Rs.8,000 crores
3) Rs.6,000 crores
4) Rs.2,000 crores
5) Rs.10,000 crores
41. 7th BRICS summit concluded at .........?
1) New Delhi, India
2) Ufa, Russia 3) Beijing, China
4) Fortaleza, Brazil
5) Durban, South Africa
42. On 21 July 2015, supreme court rejected the central government's review plea seeking OBC status to ............ ?
1) Rajputs
2) Sikhs
3) Muslims
4) Nepalese Nationals
5) Jats
ANSWERS:
1-5, 2-3, 3-4, 4-4, 5-3, 6-5, 7-3, 8-3, 9-3, 10-4
11-5, 12-5, 13-4, 14-3, 15-4, 16-4, 17-3, 18-3, 19-3, 20-3
21-2, 22-2, 23-1, 24-1, 25-5, 26-5, 27-1, 28-5, 29-3, 30-4
31-1, 32-3, 33-3, 34-5, 35-5, 36-2, 37-4, 38-4, 39-2, 40-3, 41-2, 42-5
