Question : The Reserve Bank of India introduced a comprehensive regulatory framework for NBFC-MFI on __________.
Option 1: 10 December 2015
Option 2: 2 December 2011
Option 3: 8 December 2013
Option 4: 5 December 2012
Correct Answer: 2 December 2011
Solution : The correct option is 2 December 2011.
The Reserve Bank initially implemented a comprehensive regulatory framework for Non-Banking Financial Companies-Micro Finance Institutions (NBFC-MFIs) in December 2011. This framework established eligibility criteria for microfinance loans that were tied to essential features of microfinance, specifically focusing on providing small collateral-free loans to borrowers from low-income groups.
College Comparison based on Courses, Placement, Rank, Fee
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : The monetary policy is India is formulated by:
Option 1: central government
Option 2: industrial financial corporation of India
Option 3: Reserve Bank of India
Option 4: Industrial Development Bank of India
Question : Which of the following was established on the recommendation of the Hilton Young Commission?
Option 1: The Securities and Exchange Board of India (SEBI)
Option 2: The Reserve Bank of India
Option 3: State Bank of India
Option 4: National Bank for Agriculture and Rural Development
Question : Reserve Bank of India was nationalised in:
Option 1: 1947
Option 2: 1948
Option 3: 1949
Option 4: 1951
Question : When was the None of the Above (NOTA) ballot option first implemented in India?
Option 1: 2015
Option 2: 2004
Option 3: 2013
Option 4: 2010
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile