Risk Based Internal Audit of Non-Banking Financial Company

Which section of RBI act override other laws ??

• Sec 45IA

• Sec 45H

• Sec 45Q

• Sec 45QB

Which type of NBFC requires minimum Net Owned Funds of ₹ 300 crore ??

• Mortgage Guarantee Companies (MGC)

• Infrastructure Finance Company (IFC)

• Investment & Credit Company (ICC)

• Mortgage Guarantee Companies (MGC)

A deposit taking NBFCs (NBFCs-D), with an asset size below 1000 crore is classified under ??

• NBFCs-Base Layer (NBFCs-BL) 

• NBFCs-Middle Layer (NBFCs-ML) 

• NBFCs-Upper Layer (NBFCs-UL)

• NBFCs-Top Layer (NBFCs-TL)

On what basis, top ten eligible NBFCs, shall always reside in the upper layer ??

• Deposits

• Assets Size

• Activity

• Perceived riskiness

What is the net owned fund requirement for NBFC - not availing public funds & not having customer interface ??

• 2 crore

• 10 crore

• 300 crore

• 500 crore

What is the provision requirement for sub-standard assets ??

• 0.25%

• 10%

• 20%

• 30%

What is the full form of CRILC ??

• Corporate Registry for Internal Loan Checks

• Credit Risk Information and Loan Council

• Centralized Record of Independent Loan Classification

• Central Repository of Information on large credits

Provision requirements for standard accounts of non-cooperative borrowers ??

• 5%

• 0.25%

• 2.50%

• 10%

NBFCs that meet the eligibility criteria, can declare dividend up to a dividend payout ratio of ??

• 10%

• 25%

• 50%

• 100%

Can NBFC lend against its own shares ??

• Yes

• No

• Don't know

• All of these