Audit of NBFC

Audit of NBFC

Professional Development

13 Qs

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Audit of NBFC

Audit of NBFC

Assessment

Quiz

Professional Development

Professional Development

Practice Problem

Hard

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If net owned funds are up to Rs. 50 crore it can open a branch anywhere in India

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

As per guidelines of RBI, at which level NBFC is required to conduct Joint Audit-

asset size of 20000 crore and above

asset size of 15000 lakhs and above

asset size of 15000 crore and above

asset size of 25000 crore and above

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Minimum Net owned Fund Required

100 Cr

10 Cr

2 Cr

20 Cr

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Imapct of DTA in calculation of CRAR Ratio

No impact

Reduced from Tier 1 Capital

Added to Risk weighted assets

None of the above

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Whether NBFC can accept deposit from NRI?

Yes

No

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Entities engaged in micro finance can borrow funds under ECB under automatic route upto -

USD 750 million or equivalent

USD 250 million or equivalent

USD 100 million or equivalent

USD 500 million or equivalent

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Risk Weight for Investment in Bonds of public sector banks is __%

100

40

0

20

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