Objective Questions : Set 3

1. Which of the following body regulates the Micro Finance Institutions (MFIs) registered as NBFCs with the Central Bank?
   1. RBI
   2. MUDRA Bank
   3. NABARD
   4. SIDBI
       
2. Which of the following role would not be played by the MUDRA Bank proposed under the MUDRA Scheme?
   1. Overseeing Rs 3000 crore Credit Guarantee Fund to facilitate MUDRA Scheme.
   2. Refinancing all MFIs which are in business of lending to MSEs for income generation activities in non-farm segment.
   3. Accreditation/rating of MFI entities.
   4. All are correct.
       
3. Which of these is/are correct regarding MUDRA LTD.?
   1. It currently operates as an NBFC registered with RBI
   2. MUDRA Ltd. has now been converted to MUDRA-SIDBI Bank
   3. Both a and b are correct
   4. Neither a or b is correct
       
4. 
   
   Which of the following statements is incorrect regarding Sovereign Gold Bonds issued on 18^th January 2016 (Issue open till 22^nd January 2016)
   1. Minimum and Maximum investment are 2 grams and 500 grams respectively.
   2. These bonds will be available in DEMAT form only and will be tradable on stock exchange.
   3. These bonds would earn periodic interest
   4. Tenure of the bonds will be 8 years with an exit option in 5^th, 6^th and 7^th year
   5. These bonds will be eligible as collateral for loan.
       
5. The 5/20 rule was approved by Union cabinet in 2004 to protect national carrier, Air India. The recent draft aviation policy has proposed to end this rule. Consider the following statements and mark the correct statement.
   1. According to this rule all airlines in India are permitted to fly abroad only if it has 5 years of domestic flying experience and at least 20 aircrafts in its fleet.
   2. According to this rule all airlines in India are permitted to fly abroad only if it has 20 years of domestic flying experience and at least 5 aircrafts in its fleet.
   3. According to this rule all international airlines are permitted to fly in India only if it has 5 years of international flying experience and at least 20 aircrafts in its fleet.
   4. According to this rule all international airlines are permitted to fly in India only if it has 20 years of international flying experience and at least 5 aircrafts in its fleet.

Answers:

1. a
2. d
3. c
4. b, also paper form
5. a