IBBI handles the cases by using _______
Answer: D
Correct answer: Both (A) and (B)
Cases are heard by two forums, according to the debtor. The National Company Law Tribunal takes insolvency of companies and limited liability partnerships; the Debt Recovery Tribunal takes that of individuals and partnership firms. The ICJ is the International Court of Justice and has nothing to do with it.
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The headquarters of Asian Development Bank is _______
Answer: C
Correct answer: Manila, Philippines
The Asian Development Bank, established in 1966, has its headquarters at Mandaluyong in Metro Manila, the Philippines.
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The headquarters of NDB is ______
Answer: C
Correct answer: Shanghai, China
The New Development Bank, set up by the BRICS countries in 2014, has its headquarters at Shanghai, with its first regional centre at Johannesburg. Each of the five founding members holds an equal share.
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Which of the below facilities cannot be provided by payment banks?
Answer: D
Correct answer: Credit Card
A payment bank may issue an ATM or debit card and offer internet and mobile banking, but it cannot lend - and a credit card is a lending product. That single restriction is the defining feature of the model: deposits (capped at ₹2 lakh per customer) must be parked in government securities and bank deposits, not advanced as loans.
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Mobile Money Identifier (MMID) is a 7 digit unique number issued by the bank. What do the last three digits represent?
Answer: A
Correct answer: to identify the account of the user
The MMID is a 7-digit number in two parts: the first four digits are the bank’s own identifier, allotted by NPCI, and the last three identify the particular account of the customer within that bank. That is why a customer holding two accounts in the same bank gets two MMIDs whose first four digits are identical.
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I in CPI?
Answer: C
Correct answer: Index
CPI is the Consumer Price Index, which measures the change in the retail prices of a fixed basket of goods and services. Since 2016 the RBI’s inflation target has been set in terms of CPI inflation, at 4% with a band of \(\pm 2\%\).
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______are payment instruments that can be used to purchase goods and services at any card-accepting POS terminals.
Answer: D
Correct answer: Semi-Open System Payment Instruments
Semi-open instruments can be used to buy goods and services at any card-accepting POS terminal, but not to withdraw cash. That single restriction is what separates them from open system instruments, which allow cash withdrawal as well.
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The headquarters of RGVN is ______
Answer: A
Correct answer: Guwahati
RGVN (Rashtriya Gramin Vikas Nidhi) North East Microfinance is based at Guwahati, Assam. It promoted the North East Small Finance Bank, which is headquartered in the same city.
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Which of the following banks in India became the first bank to open branch in China?
Answer: A
Correct answer: SBI
State Bank of India was the first Indian bank to open a branch in China, at Shanghai. Bank of India was first into any foreign country (London, 1946), but China came much later and went to SBI.
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Who can issue Rupee Denominated Bonds Overseas?
Answer: D
Any corporate (entity registered as a company under the Companies Act, 1956/ 2013) or body corporate (entity specially created out of a specific act of the Parliament) and Indian banks are eligible to issue Rupee denominated bonds overseas. Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) coming under the regulatory jurisdiction of the Securities and Exchange Board of India (SEBI) are also eligible.
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