Basics of Financial Services MCQ with Answers

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MCQ for Commercial Banking and Financial Services Basics of Financial Services

Commercial Banking and Financial Services students should refer to the following multiple-choice questions with answers for Basics of Financial Services

Basics of Financial Services MCQ Questions Commercial Banking and Financial Services with Answers

Question. The Headquarters of Kotak Mahindra Bank is located in _______
A. Mumbai
B. Hyderabad
C. Chennai
D. Bangalore

Answer : A. Mumbai
Explanation: Kotak Mahindra Bank is an Indian private sector banking headquartered in Mumbai, Maharashtra. Kotak Mahindra Bank Launches International Banking Unit in GIFT City recently. Kotak Mahindra Bank CEO Uday Kotak, who has a net worth of about $7.1 billion, is the sole Indian in Forbes‘ list of 40 of the most powerful people in the financial world who control the flow of trillions of dollars around the global economy.

Question. Name the newly appointed deputy governor of RBI.
A. NS Vishwanathan
B. KR Subramaniam
C. Sarvesh Rana
D. NS Iyer
E. None of these

Answer : A. NS Vishwanathan
Explanation: The Union Government has appointed NS Vishwanathan as deputy governor of the Reserve Bank of India (RBI). His appointment was approved by the Appointments
Committee of the Cabinet (ACC) presided by Prime Minister Narendra Modi in New Delhi.

Question. RBS Bank has been headquartered in __________
A. Glasgow, United Kingdom
B. Edinburgh, United Kingdom
C. Skye, United Kingdom
D. Aberdeen, United Kingdom

Answer : B. Edinburgh, United Kingdom
Explanation: The Royal Bank of Scotland Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland. Royal Bank of Scotland will close down it‘s retail operations in India which will resulting in shutting down of 10 branches.

Question. DBS Bank has been headquartered in __________
A. United Kingdom
B. Spain
C. Singapore
D. South Africa

Answer : C. Singapore
Explanation: DBS Bank Ltd is a Singaporean multinational banking and financial services company.The company was known as The Development Bank of Singapore Limited. DBS Bank plans to set up new technology hub in Hyderabad.

Question. The Headquarters of Islamic Development Bank is _____
A. Sohar, Oman
B. Kuala Lumpur, Malaysia
C. Jeddah, Saudi Arabia
D. Baghdad, Iraq

Answer : C. Jeddah, Saudi Arabia
Explanation:
Motto- Together We Build A Better Future
Headquarters – Jeddah, Saudi Arabia
Membership – 56 countries
President – Ahmad Mohamed Ali Al-Madani
The Islamic Development Bank (IDB. will open its first branch in India at Ahmedabad,Gujarat.

Question. Which of the following is the Headquarters of IndusInd Bank?
A. Noida
B. Hyderabad
C. Chennai
D. Mumbai

Answer : D. Mumbai
Explanation: IndusInd Bank Limited is a Mumbai based Indian new generation bank,established in 1994. The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister Manmohan Singh. Indusind Bank is the first among the new-generation private banks in India.IndusInd Bank one of the Indian firms that grab top spot for transparency in survey by Institutional Investor.
ndusInd Bank opened its IFSC Banking Unit (IBU) at the Gujarat International Finance Tec-City (GIFT City) to meet the requirements of offshore banking operations from India.

Question. Caixa Bank has been headquartered in __________
A. United Kingdom
B. Spain
C. Singapore
D. South Africa

Answer : B. Spain
Explanation: Caixa Bank, formerly Criteria CaixaCorp, is a Spanish financial services company headquartered in Barcelona.
SBI and Spain‘s CaixaBank have inked pact to provide loans to Indo-Spanish joint ventures and local enterprises recently.

Question. Reserve Bank announced the cap under Market Stabilisation Scheme (MSS) which has been fixed at Rs 30,000 crore for the current fiscal. MSS was launched in the year
A. 2001
B. 2006
C. 2005
D. 2004
E. None of these

Answer : D. 2004
Explanation: The scheme was launched in 2004.Under this scheme securities are issued with the objective of providing the RBI with a stock of securities with which it can intervene in the market for managing liquidity.These securities are issued not to meet the government‘s expenditure.

Question. Aadhar Housing Finance Ltd is going to be merged with which of the following?
A. DHFL Vysya Housing Finance Ltd
B. Cent Bank Home Finance Limited
C. Housing and Urban Development Corporation Ltd.
D. Manipal Housing Finance Syndicate Ltd.
E. None of these

Answer : A. DHFL Vysya Housing Finance Ltd
Explanation: Dewan Housing group companies Aadhar Housing Finance Ltd and DHFL Vysya Housing Finance Ltd will be merged into one to create a pan-India entity with Rs 3,300 crore of loan assets for financing affordable housing, a priority area for the Narendra Modi-led government.
The merger plan received backing from International Finance Company (IFC), which holds 20% in Aadhar Finance and provides financial support to India‘s scheme of promoting dwelling units for low income families.

Question. Which of the following has approved $500 million loan for bridge over Ganga River in Bihar?
A. World Bank
B. Asian Development Bank
C. International Monetary Fund
D. European Development Bank
E. None of these

Answer : B. Asian Development Bank
Explanation: Asian Development Bank accorded $500 million to build bridge over India‘s longest river bridge which is in Bihar having distance of 9.8 km road.

Question. First Annual General Meeting of Asian Infrastructure Investment Bank held at
A. Dhaka
B. Jakarta
C. Shanghai
D. Beijing
E. None of these

Answer : D. Beijing
Explanation: Finance Minister Arun Jaitley Participated in the First Annual General Meeting of Asian Infrastructure Investment Bank at Beijing to discuss about the investment in Infrastructure and accorded the approval to establish the Regional Office of AIIB in New Delhi.

Question. Which of the following is the Headquarters of Axis Bank?
A. Mumbai
B. Hyderabad
C. Chennai
D. Bangalore

Answer : A. Mumbai
Explanation: Axis Bank Limited is the third largest private sector bank in India, has been headquartered in Mumbai, Maharashtra.
Recent Activities of Axis Bank:
India‘s largest insurer Life Insurance Corporation of India (LIC. has signed an agreement with private sector lender Axis Bank as its bancassurance partner wherein the bank will distribute LIC‘s products to its customers. Global payments leader SWIFT announced ICICI Bank and Axis Bank have become the first domestic lenders to sign up for its global payments innovation initiative, which already has over 70 other leading banks globally.
Axis Bank has signed an agreement with Thailand‟s Kasikorn Bank to enhance cooperation in trade and investment.

Question. Reliance Industries (RIL) has signed agreement with which of the following to set up payments bank?
A. Canara Bank
B. State Bank of India
C. Yes Bank
D. Axis Bank
E. Indian Overseas Bank

Answer : B. State Bank of India
Explanation: Telecom-to-energy conglomerate Reliance Industries (RIL) and India‘s largest lender State Bank of India (SBI) have signed Subscription and Shareholders‘ Agreement to set up payments bank. As per the agreement, RIL will be the promoter with a 70 per cent equity contribution in the payments bank and SBI as joint venture will have 30 per cent equity contribution.

Question. Which of the following approved $63 million for Tejaswini Project in Jharkhand?
A. World Bank
B. Asian Development Bank
C. International Monetary Fund
D. European Development Bank
E. None of these

Answer : A. World Bank
Explanation: The World Bank Board has approved the 63 million US dollar for Tejaswini project that paves the way for Socioeconomic Empowerment of Adolescent Girls and Young Women in Jharkhand.

Question. Which of the following approved $201.50 million for Technical Education Quality Improvement Project in India?
A. World Bank
B. Asian Development Bank
C. International Monetary Fund
D. European Development Bank
E. None of these

Answer : A. World Bank
Explanation: United States based World Bank‘s Board of Executive Directors has approved $201.50 million for Technical Education Quality Improvement Project III in India

Question. Which of the banks has signed agreements with the World Bank for $625 million to support grid connected rooftop solar programme in the Country?
A. Canara Bank
B. State Bank of India
C. Bank of India
D. Bank of Maharashtra
E. Indian Overseas Bank

Answer : B. State Bank of India
Explanation: State Bank of India has signed agreements with the World Bank for $625 million to support grid connected rooftop solar programme in the Country SBI Capital Markets was keen advisor for structuring and setting up the facility

Question. According to a recent news, the State Bank of India was being put in “Hall of Shame” list along with some other banks. The reason for this was
A. for not recovering the NPAs in the last 6 months
B. for financing a US cluster bomb manufacturer
C. for supporting Vijay Malaya
D. it listed the worst NPAs ever the last quarter
E. None of these

Answer : B. for financing a US cluster bomb manufacturer
Explanation: The State Bank of India has defended financing a US cluster bomb manufacturer, saying its investments were legal, after being put in a ―Hall of Shame‖ along with several other major banks by a Dutch campaign group.
A report by PAX last week listed the government-owned bank as one of 158 lenders – including JP Morgan Chase, Barclays, Bank of America and Credit Suisse – that violated an international ban for investing in cluster bomb firms.

Question. How much amount is going to be disbursed by banks under Pradhan Mantri Mudra Yojana in FY‟17?
A. Rs 2.80 lakh crore
B. Rs 1.50 lakh crore
C. Rs 1.80 lakh crore
D. Rs 1.30 lakh crore
E. Rs 1.20 lakh crore

Answer : C. Rs 1.80 lakh crore
Explanation: Having met the target last year, banks are expected to disburse Rs 1.80 lakh crore loans under the Pradhan Mantri Mudra Yojana (PMMY) in the current fiscal, Minister of State for Finance Jayant Sinha said today. Last year, 3.5 crore beneficiaries availed Rs 1.22 lakh crore loans under PMMY.

Question. Which bank has launched India‟s first certified green bond at London Stock Exchange (LSE )?
A. State Bank of India
B. Bank of Baroda
C. ICICI Bank
D. Axis Bank
E. None of these

Answer : D. Axis Bank
Explanation: Axis Bank raised $500 million at the London Stock Exchange after it launched India‘s first internationally-listed certified green bond to finance climate change solutions around the world.

Question. Which of the following banks has planned to commence urban microfinance operations in its 85 branches across the country?
A. Yes Bank
B. Kotak Mahindra Bank
C. ICICI Bank
D. Axis Bank
E. None of these

Answer : D. Axis Bank
Explanation: India‘s third largest private sector lender Axis Bank has forayed into Urban Microfinance segment and will now provide collateral free credit facilities to low-income women groups. The urban micro lending initiative ‗Axis Sahyog‘ under the Bank‘s flagship microfinance programme will be delivered via its technology driven ‗TAB based lending‘ solution.

Question. Recently, Dr. R Seetharaman has been honored with the 2016 Green Economy Visionary Award. He is the CEO of
A. South Indian Bank
B. Federal Bank
C. Doha Bank
D. Deutsche Bank
E. None of these

Answer : C. Doha Bank
Explanation: A Qatar-based Indian banker has been awarded for his contribution in environment- friendly activities and for promoting green economy for nearly two decades. R Seetharaman, Group CEO of Doha Bank, was honoured with the ‗Green Economy Visionary award‘ at the 2016 Union of Arab Banks International Banking Summit held in Rome.

Question. Star Union Dai-Ichi Life insurance is a life insurance joint venture between life insurer Dai-Ichi and which banks?
A. Indian Overseas Bank and United Bank of India
B. Bank of India and Union Bank
C. Canara Bank and Bank of India
D. Allahabad Bank and OBC Bank
E. Union Bank and Bank of Baroda

Answer : B. Bank of India and Union Bank
Explanation: Star Union Dai-Ichi Life insurance = Japan‘s largest life insurer Dai-Ichi + Bank of India + Union Bank

Question. India is to get $1 bn funding for solar projects from which of the following?
A. World Bank
B. Asian Development Bank
C. International Monetary Fund
D. European Development Bank
E. None of these

Answer : A. World Bank
Explanation: The World Bank today committed USD 1 billion (about Rs 6,750 crore ) to support solar energy programme in India, which is reducing dependence on conventional energy sources to reduce greenhouse gas emissions.

Question. SBI is going to offer its banking services on Facebook, Twitter through?
A. SBI Quick
B. SBI Online
C. SBI Sort
D. SBI Social
E. SBI Mingle

Answer : E. SBI Mingle
Explanation: Leveraging on the popularity of Facebook and Twitter, State Bank of India (SBI) today launched ‗SBI Mingle‘, allowing its customers access various banking services via these social platforms. Using SBI Mingle, the bank‘s customers can do a host of banking services on their Facebook or Twitter accounts at their own convenience.

Question. Bank of India has sold how much percent of its stake in Star Union Dai-Ichi Life insurance to Dai-Ichi?
A. 18%
B. 26%
C. 38%
D. 15%
E. 12%

Answer : A. 18%
Explanation: The shareholding of Dai-Ichi in the Indian life insurance venture will now increase from 26% to 44% while Bank of India‘s shareholding will decrease from 30% to 48%. Union Bank will continue to hold 26%.

Question. RBI‟s which deputy governor/s is going to get retired on July 7 this year?
A. Urjit Patel
B. SS Mundra
C. R Gandhi
D. HR Khan
E. All of the above

Answer : D. HR Khan
Explanation: Khan is due to retire on July 7 as he turns 62. for his replacement, interview is to be conducted by a panel headed by Cabinet Secretary Pradeep Kumar Sinha. Urjit Patel had got a 3 yr extension in Jan this year.

Question. Which of the following is the Headquarters of Yes Bank?
A. Noida
B. Hyderabad
C. Chennai
D. Mumbai

Answer : D. Mumbai
Explanation: Yes Bank is India‘s fifth largest private sector Bank, co-founded by Rana Kapoor in 2004. It has been headquartered in Mumbai. Yes Bank is the only Greenfield Bank licence awarded by the RBI in the last two decades.
YES Bank gets SEBI nod to provide custodian services.
SIDBI entered into a partnership with private sector lender Yes Bank to guarantee 75 per cent of loans of up to Rs 15 crore extended to energy efficiency projects under a World Bank initiative.

Question. The State bank of India has entered into alliance with which of the following companies to provide the acceptance of latter‟s card in India?
A. Discover
B. American Express
C. Capital One
D. MasterCard
E. Amex

Answer : B. American Express
Explanation: India‘s largest lender State Bank of India (SBI) and American Express have entered into alliance to expand AmEx card acceptance in India.

Question. Which of the following international organization is going to invest Rs 60 crore in Aadhar Housing Finance?
A. International Monetary Fund
B. International Finance Corporation
C. Asian Development Bank
D. World Bank
E. European Investment Bank

Answer : B. International Finance Corporation
Explanation: The World Bank‘s private sector funding arm International Finance Corporation (IFC) and Wadhawan Global Capital Pvt Ltd are going to raise their investments in Aadhar Housing Finance by putting in Rs 60 crore between them to help the housing loan provider to lower income families double its business.

Question. The Headquarters of Capital Local Area Bank is situated in _______
A. Amritstar, Punjab
B. Ludhiana, Punjab
C. Bathinda, Punjab
D. Jalandhar, Punjab

Answer : D. Jalandhar, Punjab
Explanation: Currently, Capital Area Local Bank is operating in Punjab‘s five districts – Jalandhar,Kapurthala, Hoshairpur, Ludhiana and Amritsar.Capital Local Area Bank has emerged as the first bank to have received licence from the Reserve Bank of India to start small finance bank. The bank plans to start operations as a small finance bank from the next financial year as it eyes a total business size of Rs 6,700 crore with 110 branches by 2020.

Question. Which of the following is the Headquarters of City Union Bank?
A. Kanchipuram
B. Cuddalore
C. Dindigul
D. Kumbakonam

Answer : D. Kumbakonam
Explanation: City Union Bank (CUB) India is one of the private banks in India. It was previously known as Kumbakonam Bank Limited CEO: Dr. N. Kamakodi
Founded: 1904

Question. According to United Nations Conference on Trade and Development (UNCTAD) report, what is the position of India in Asia among the largest recipients of Foreign Direct Investment (FDI)?
A. 12th
B. 10th
C. 4th
D. 9th
E. 6th

Answer : C. 4th
Explanation: Switzerland based United Nations Conference on Trade and Development (UNCTAD) released the World Investment Report stated that India is the fourth largest recipient of Foreign Direct Investment in Asia and ranked tenth Position in World. UN Economist said that involvement of India in Foreign Direct Investment is likely to reach USD 60 billion in 2016

Question. The newest private sector bank, Bandhan Bank has announced that it targets 180 new branches by March 2017. Who is the MD and CEO of Bandhan Bank?
A. Vikram Limaye
B. Rajiv B. Lall
C. Chandra Shekhar Ghosh
D. Narain Chand
E. None of these

Answer : C. Chandra Shekhar Ghosh
Explanation: Bandhan Bank plans to open 180 new branches by March next year with an aim to build a pan India brand.
It is headquartered at Kolkata.

Question. Name the bank which has been awarded with CFBP (Council for Fair Business Practices) Jamnalal Bajaj Award for Fair Business Practices?
A. Karnataka Bank
B. Federal Bank
C. RBS Bank
D. Laxmi Vilas Bank
E. None of these

Answer : A. Karnataka Bank
Explanation: Mangaluru based Karnataka Bank has bagged CFBP Jamnalal Bajaj Award for Fair Business Practices, a certificate of merit under the category service enterprises – large.

Question. Name the US based bank which has become the first bank to issue the first ever credit card to be used in Cuba?
A. American Express
B. SunTrust Bank
C. Citigroup
D. Stonegate Bank
E. Wells Fargo

Answer : D. Stonegate Bank
Explanation: Pompano Beach-based Stonegate Bank issued the first of its MasterCard credit cards for use in Cuba The South Florida bank was the first – and so far the only bank to launch a debit card for use by U.S. travelers in Cuba.

Question. The State Bank of India has created how much crores fund for investing in IT or Fintech startups?
A. 200
B. 50
C. 100
D. 150
E. 300

Answer : A. 200
Explanation: India‘s largest public sector lender State Bank of India has created IT innovations and startup fund and have allotted Rs 200 crore for investment in promising startups.ii. The fund would be covering upto Rs 3 crore for any India registered entity for their business promotion in India using information technology for banking.

Question. Which Indian bank has signed an agreement with Thailand‟s Kasikorn Bank to enhance cooperation in trade and investment?
A. State Bank of India
B. Yes Bank
C. Canara Bank
D. Axis Bank
E. Union Bank of India

Answer : D. Axis Bank
Explanation: The MoU will serve to strengthen existing ties between the two banks and will help facilitate and enhance cooperation in the areas of trade, investment and other businesses The agreement between the two banks were signed as the Thailand Prime Minister Prayut Chan-o-cha is on a three-day visit to India.

Question. Max Life and Max Financial Services have entered into merger agreement with which of the following insurance company?
A. Oriental Insurance Company
B. ICICI Prudential Life Insurance Co. Ltd
C. HDFC Standard Life
D. Tata AIG general Insurance
E. Birla Sun Life Insurance

Answer : C. HDFC Standard Life
Explanation: HDFC Standard Life and Max Life and Max Financial Services are entered into merger agreement that will create the largest private player in India‘s insurance sector. The proposed merger between the companies will create an entity with assets worth over Rs 1 lakh crore.A combination of the entities would be overtaking ICICI Prudential Life Insurance Co.Ltd

Question. According to a report by Reserve Bank of India, country‟s gross bad loans are expected to grow from 7.6% to ________ by March 2017.
A. 9.2%
B. 8.2%
C. 8.5%
D. 8.0%
E. None of these

Answer : C. 8.5%
Explanation: Gross bad loans at banks may rise to 8.5 percent of total assets by March 2017 from 7.6 percent in March 2016 if the central bank orders them to conduct a second round of asset quality reviews.Meanwhile, under a ―severe stress‖ situation, total bad loans could rise to 9.3 percent in March 2017.

Question. Which of the following High Courts has ruled that banks can recover bad loans from person‟s saving account if the agreement allows?
A. Punjab and Haryana
B. Madras
C. Mumbai
D. Assam
E. Kerala

Answer : B. Madras
Explanation: If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench

Question. Which of the following has decided to block LPG subsidy and PAN of the tax defaulters?
A. RBI
B. SBI
C. Income Tax Department
D. Govt. of India
E. Finance Ministry

Answer : C. Income Tax Department
Explanation: Income Tax Department is set to block Permanent Account Number (PAN) of wilful defaulters and their LPG subsidy and take measures to ensure that they are not sanctioned loans.

Question. Which of the following company has changed its name to Bharat Financial Inclusion Ltd.?
A. SKS Microfinance Ltd
B. Spandana Sphoorty Financial Ltd
C. Bhartiya Samruddhi Finance Limited
D. Cashpor Micro Credit
E. None of these

Answer : A. SKS Microfinance
Explanation: The company had said the decision to change the name was taken as its core had undergone a transformation, equipping it to play a major role in fulfilling the national priority of financial inclusion.
The company is among the largest microfinance companies in India. It has presence across 18 states covering 1,00,000 villages, catering to its 63.65 lakh women members.

Question. How much shareholding is must for the promoters of insurance companies after their listing?
A. 40%
B. 50%
C. 49%
D. 52%
E. None of these

Answer : B. 50%
Explanation: Promoters of insurance companies will be forced to maintain their shareholding at 50 per cent even after listing under the guidelines proposed by the insurance regulator.This is in sharp contrast to the banking sector where the regulator insists that promoters of banks dilute their shareholding to 20 per cent within a time frame.The minimum shareholding requirements are part of the Insurance Regulatory and Development Authority of India‘s (IRDAI) draft guidelines for listed companies.

Question. British bank Barclays has launched a new financial technology platform in which of the following places in India?
A. New Delhi
B. Ahmedabad
C. Mumbai
D. Jaipur
E. Hyderabad

Answer : C. Mumbai
Explanation: British bank Barclays has launched a new financial technology platform in MUMBAI which will provide these start-ups with a physical site to work and interact with
stakeholders and their peers in other markets for a fee. The lender hopes that providing such a platform will help it find innovative financial technology quickly and at a cheaper cost.

Question. Soon to be set up India Post Payments Bank will have how many branches in the country?
A. 650
B. 550
C. 500
D. 750
E. 600

Answer : A. 650
Explanation: The communications and IT minister Ravi Shankar Prasad has said that all 650 branches of the payment bank set up by the department of posts will be established by September 2017.

Question. Who is the head of committee which has been made to select the next RBI governor, as present RBI Governor Mr. Raghuram Rajan‟s term will end in closer to September 2016?A. PK Mishra
B. Urjit Patel
C. R Gandhi
D. P K Sinha
E. None of these

Answer : D. P K Sinha
Explanation: The committee route would be in sync with PM Narendra Modi‘s remark that the appointment is an ―administrative decision‖ that will be taken closer to September when Rajan‘s term ends.PK Sinha is the Cabinet Sectretary.

Question. RBI has launched new restructuring tool „S4A‟ to raise banks‟ moral hazard risk. What is it?
A. Scheme for Systematic Structuring of Stressed Assets
B. Scheme for Sustainable Structuring of Stressed Assets
C. Scheme for Sustainable Structuring of Scholastic Assets
D. Scheme for Sustainable Strength of Stressed Assets
E. None of these

Answer : B. Scheme for Sustainable Structuring of Stressed Assets
Explanation: Under a new ‗Scheme for Sustainable Structuring of Stressed Assets‘ (S4A), RBI allowed banks to take equity in debt laden firms permitting them to split total loans of struggling companies into sustainable and unsustainable based on the cash flows of the projects.

Question. The State bank of India and America‟s which financial company have jointly launched a distribution alliance with travel prepaid cards distributor Centrum?
A. Visa
B. American Express
C. Capital One
D. MasterCard
E. Amex

Answer : D. MasterCard
Explanation: India‘s largest bank, State Bank of India (SBI) and MasterCard announced pilot launch of a distribution alliance with travel prepaid cards distributor Centrum. This partnership will aid the distribution strength of the Bank for it‘s multicurrency prepaid card and will largely target the corporate customers of the bank.

Question. Reserve Bank of India has granted in principle approval to the common service Centres to act as which operating unit to make bill payments in rural?
A. Bharat Bill Payment
B. National Bill Payment
C. Non Banking Financial
D. Mobile Banking Payment
E. None of these

Answer : A. Bharat Bill Payment
Explanation: Reserve Bank of India has granted in-principle nod to the common service centres RBI (CSCs) as Bharat Bill Payment Operating Unit to make bill payments at centres in rural bands.

Question. Jayant Sinha, minister of state for finance reported how many willful defaulters owing Rs 66,190 crore to state-owned banks as of December 2015?
A. 6719
B. 7128
C. 5275
D. 7686
E. None of these

Answer : D. 7686
Explanation: Sinha also said that the total outstanding amount in top 100 non-performing accounts (NPAs) with public sector banks (PSBs) was Rs 1.73 lakh crore as of December 2015.Willful defaulters of PSBs rose from 5,554 to 7,686 in three years to December 2015 while the amount involved more than doubled to Rs 66,190 crore from Rs 27,749 crore.

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