Question : The Reserve Bank of India raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to Rs.____ crore in October 2022.
Option 1: 350
Option 2: 300
Option 3: 200
Option 4: 250
Correct Answer: 300
Solution : The correct option is 300.
In 2022, the Reserve Bank increased the minimum capital requirement for establishing an asset reconstruction company (ARC) from Rs 100 crore to Rs 300 crore. This move aims to enhance the robustness of the securitisation sector, a crucial element in the handling of distressed financial assets. The current Asset Reconstruction Companies (ARCs) have been provided with a gradual transition period to fulfil the minimum Net Owned Fund (NOF) requirement until April 2026.
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Question : The World Bank extended an unconditional loan of $ ____ million for the SALT project in Andhra Pradesh in October 2022.
Option 1: 250
Option 2: 200
Option 3: 350
Option 4: 300
Question : The Stand Up India scheme offers bank loans to entrepreneurs in which range?
Option 1: Rs. 10 lakh to Rs. 1 crore
Option 2: Rs. 1 crore to Rs. 10 crore
Option 3: Rs. 10,000 to Rs. 1 lakh
Option 4: Rs. 1 lakh to Rs. 10 lakh
Question : If books purchased at prices between Rs. 150 and Rs. 300 are sold within the price range of Rs. 250 to Rs. 350, what is the maximum potential profit from selling 15 books?
Option 1: Cannot be determined.
Option 2: Rs. 750
Option 3: Rs. 4250
Option 4: Rs. 3000
Question : A bank that has a paid-up capital of ______ and above qualifies for the scheduled bank category listed in the RBI Act 1934.
Option 1: Rs. 1 lakh
Option 2: Rs. 2 lakhs
Option 3: Rs. 5 lakhs
Option 4: Rs. 4 lakhs
Question : In India, a microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs______ as of October 2022.
Option 1: Rs 1 lakh
Option 2: Rs 8 lakhs
Option 3: Rs 3 lakhs
Option 4: Rs 5 lakhs
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