Question : Who is the regulator of Micro Finance Institutions in India?
Option 1: SEBI
Option 2: RBI
Option 3: NABARD
Option 4: SBI
Correct Answer: RBI
Solution : The correct option is RBI.
The microfinance industry is governed by the Reserve Bank of India (RBI), which also has the authority to impose a cap on MFIs' margins and interest rates.
MFIs are institutions that offer remittance services, pension or insurance services, thrift collection services, and microcredit facilities up to Rs 5 lakh.
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Question : MUDRA is a financial institution set up by the Government of India for the development and refinancing of micro-unit enterprises. The full form of MUDRA is:
Option 1: Micro Urban Development & Refinance Agency
Option 2: Micro Units Development & Refinance Agency
Option 3: Micro Finance Usage Development & Refinance Agent
Option 4: Medium Units Development & Refinance Agency
Question : Who among the following is the executive head of state in India?
Option 1: Prime Minister
Option 2: President
Option 3: Cabinet Secretary
Option 4: Finance Secretary
Question : In India, which of the following bodies is constitutional in nature?
Option 1: NITI Aayog
Option 2: National Human Rights Commission
Option 3: Central Vigilance Commission
Option 4: Finance Commission
Question : Which authority recommends the principles governing the grants in -aid of revenues of the states out of the consolidated fund of india?
Option 1: public accounts committee
Option 2: union ministry of finance
Option 3: Finance Commission
Option 4: inter-state council
Question : Which of the following is constituted under Article 280 of the Constitution of India?
Option 1: Advocate General
Option 2: Central Vigilance Commission
Option 4: National Commission for Women
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