Question : Which of these Micro Finance Institutions (MFIs) are not regulated by the Reserve Bank of India (RBI)?
Option 1: Small finance bank-led MFIs
Option 2: Bank-led MFIs
Option 3: NBFC MFIs
Option 4: Non-profit MFIs
Correct Answer: Non-profit MFIs
Solution : The answer is Non-profit MFIs.
In general, microfinance institutions in India fall into three categories: mutual benefit, for-profit, and not-for-profit. Only non-banking financial businesses, or NBFC-MFIs, which are for-profit microfinance institutions, are subject to Reserve Bank of India (RBI) regulation.
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Question : Finance Commission is appointed by the President of India after every
Option 1: 5 years
Option 2: 6 years
Option 3: 4 years
Option 4: None of these
Question : Monetray policy in India is formulated by:
Option 1: Finance Ministry
Option 2: RBI
Option 3: SEBI
Option 4: CLB
Question : Which institution has launched the project E-Shakti for the digitisation of all members of self-help groups in India?
Option 1: Small Industries Development Bank of India
Option 2: The Securities and Exchange Board of India
Option 3: Industrial Finance Corporation of India
Option 4: National Bank for Agriculture and Rural Development
Question : The Finance Commission in India is appointed by
Option 1: Prime Minister of India
Option 2: President of India
Option 3: Chairman of Rajya Sabha
Option 4: Speaker of Lok Sabha
Question : Which among the following banks launched the "Gram Seva Program" across six states in India in October 2022?
Option 1: Industrial Credit and Investment Corporation of India
Option 2: Reserve Bank of India
Option 3: State Bank of India
Option 4: Housing Development Finance Corporation
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