Banking Awareness Quiz – Set 21 – P2P Lending

Hello and welcome to exampundit. Today we are sharing Important Banking Awareness Questions on P2P Lending in India.

The following Banking and Financial Awareness Quiz on P2P Lending is important for the upcoming IBPS PO, Clerk, IBPS RRB and Bank PGDBF 2018.

Following set of Banking and Financial Awareness Quiz has 10 questions From P2P Lending in India with 5 minutes time and moderate level of difficulty.

The following questions are created as per the recent trends and level of Bank PO & Clerk General Awareness 2018.

Test Name: Banking Awareness Quiz for Bank PO & Clerk 2018

Duration: 5 min

Level: Moderate

All the best.


Banking Awareness Quiz on P2P Lending in India

 

  1. The first company to offer peer-to-peer loans in the world was Zopa situated in ________.

(1) Australia

(2) Japan

(3) China

(4) United States of America

(5) United Kingdom

Show Answer
Option: 5

 

 

  1. Which of the following became the first to receive NBFC-P2P certification from the Reserve Bank of India (RBI)?

(1) Faircent

(2) i2ifunding

(3) Peerlend

(4) Lendbox

(5) LenDen

Show Answer
Option: 1

 

 

  1. Which of the following responsibilities of P2P Lending NBFCs in India, as stated in RBI’s Directions, is/are true?

(1) Undertake documentation of loan agreements and other documents.

(2) Provide assistance in disbursement and repayment of loan amount.

(3) Facilitate recovery of loans originating on the platform (by using fair means).

(1) Only 1

(2) Only 2

(3) Both 1 and 3

(4) Both 2 and 3

(5) All 1, 2 and 3

Show Answer
Option: 5

 

 

  1. According to RBI Guidelines on P2P Lending NBFCs in India, What is the Minimum net worth requirement for P2P Lending platforms?

(1) ₹5 crore

(2) ₹15 crore

(3) ₹2.5 crore

(4) ₹2 crore

(5) ₹1 crore

Show Answer
Option: 4

 

 

  1. The Interest rate in a P2P Lending is set by _______.

(1) Set by RBI on fortnightly basis

(2) Set by the P2P Lending Platform on Half Yearly Basis

(3) Set by mutual agreement between the borrower and lender for each loan separately

(4) Set by P2P Lending Platform with RBI Approval

(5) None of the above

Show Answer
Option: 3

 

 

  1. According to the RBI guidelines, what is the maximum maturity period of the loans in P2P lending?

(1) 12 months

(2) 24 months

(3) 36 months

(4) 18 months

(5) 48 months

Show Answer
Option: 3

 

 

  1. According to the RBI Guidelines, the aggregate exposure of a lender to all borrowers at any point of time, across all P2Ps, shall be subject to a cap of ______.

(1) ₹ 10,00,000

(2) ₹ 100,000

(3) ₹ 15,00,000

(4) ₹ 50,00,000

(5) ₹ 500,000

Show Answer
Option: 1

 

 

  1. According to RBI guidelines, the maximum loan amount can be given to a single borrower by a single lender is ______.

(1) ₹150,000

(2) ₹500,000

(3) ₹100,000

(4) ₹50,000

(5) ₹75,000

Show Answer
Option: 4

 

  1. As per the RBI guidelines, what is the maximum amount loan can be borrowed by a single borrower across all the P2P platforms?

(1) ₹100,000

(2) ₹500,000

(3) ₹10,00,000

(4) ₹15,00,000

(5) ₹20,00,000

Show Answer
Option: 3

 

  1. RBI has directed all the P2P lending NBFCs to maintain a Leverage Ratio of maximum ______.

(1) 1

(2) 2

(3) 3

(4) 4

(5) 5

Show Answer
Option: 2

 

Check out other Banking Awareness Quizzes from here.

 

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