IIBF Exam 51-71

Which of the following are the main features of Micro-Finance?

        I.   Finance is for short and medium term.

      II.   Loans given are of small amount.

    III.   It is targeted at low income group.

    IV.   The credit is secured by assets.

• (i)and (ii) only

• (i), (ii) and (iii) only

• (ii) and (iii) only

• (iii) and (iv) only

Microfinance is extending financial services to ____________.

• The poor

• The farmers only

• The socially excluded only

• The agricultural labourers only

BPL means ____________

• Banana Plantation Loan

• Bank Plan for Lending

• Beyond Poverty Line

• Below Poverty Line

Which of the following Self Help Groups is permissible without registration as per the prescribed norms?

 

• SHG with 5 members from a single family in a village with population of 15000 persons all below poverty line.

• SHG with 15 members of whom 3 members (being neighbours of 7 other members) are marginally above poverty line and none of them are office bearer.

• SHG with 25 members with 2 members above poverty line.

• SHG with 10 members with 2 members marginally above poverty line of whom one is the Group Leader.

The source of revenue for a business correspondent is __________

• Service charges levied by the business correspondent on the bank’s customers.

• A percentage of interest paid on the deposits mobilized by the business correspondent.

• Commission/ fee paid by the bank to the business correspondent.

• Any of the above.

Which of the following activities may be undertaken by a business correspondent as per extant guidelines

  I.      Advice on managing money

II.      Debt counseling

III.      Appraisal and sanction of loan applications

IV.      Sale of micro insurance

 

• (i), (ii) and (iv) only

• (i), (ii) and (iii) only

• (i), and (iii) only

• (i), (ii), (iii) and (iv)

Which of the following actions is not appropriate for a Business Correspondent?

• Protecting the privacy of the customer even if disclosing his business may attract more customer.

• Giving the customer complete, factual and truthful information about the bank’s product even he may the customer.

• Treating all customers alike even though favouring customers from a particular group may provide good business.

• All the above actions are appropriate.

Which of the following statements is true in respect of the association of business correspondent

• Business Correspondents cannot operate from ultra-small branches.

• Business Correspondents can operate from ultra-small branches.

• Business Correspondents should cater only to the customers of the ultra-small branches

• Where Business Correspondents operate from ultra-small branches, no bank employee or office present.

Which of the following statements is correct regarding PMJDY?

• Bank account can be opened outside of a bank branch premises.

• Bank account can be opened in single name only.

• Bank account can be opened with minimum deposit only.

• Bank account can be opened on fixed days only.

Business Correspondents have a key role in providing financial services under Pradhan Mantri Jan-Dhan Yojana. They are known as

• Grahak Mitra

• Jan Dhan Mitra

• Bank Mitra

• Bank Pratinidhi