Rural Banking Quiz

A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of _____.

• 30 days

• 90 days

• 12 months

• 18 months

Substandard assets are assets which has remained NPA for a period less than or equal to _____.

• 3 months

• 6 months

• 12 months

• 24 months

Doubtful assets are assets which would be classified as doubtful if it has remained in the substandard category for a period of ____.

• 3 months

• 6 months

• 12 months

• 24 months

KYC will be carried out at the following stages _____.

• Opening a new account

• When the bank feels it necessary to obtain additional information from existing customers based on conduct of the account

• Opening a Locker facility

• All of the above

The objective of KYC/AML guidelines is ____.

• To prevent banks from being used by criminals for money laundering or terrorist financing activities

• To collect information of all citizens

• To assist the government in social welfare schemes

• To create a database of credit defaulters

Those in need of finance like farmers, small scale units, rural industries are generally ignored by banks as they are not considered

• Credit worthy

• Well informed

• All of the above

• None of the above

____ were established in 1975 with a view to develop the rural economy.

• Commercial Banks

• Regional Rural Banks

• Co-operative Banks

• Private Sector Banks

Differentiated banks are ____ with a focus on a specific product or a specific customer segment.

• niche banks

• large commercial banks

• foreign banks

• state co-operative banks

A few of the segments who are financially excluded are

• Self-employed and unorganized sectors enterprises

• Urban slum dwellers, migrants, ethnic minorities and socially excluded groups

• Senior citizens, women, etc

• All of the above

• None of the above

The ____ cannot undertake lending activities.

• Small Finance Banks

• Payment Banks

• Scheduled Commercial Banks

• Co-operative Banks