This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When examining for deficiencies of stock, a firm would not make allowances for which of the following? A) Changes in market conditions. B) Stealing by customers. C) Thefts by employees. D) Wastage of goods. Show Answer Correct Answer: A) Changes in market conditions. 2. Reason for cost push inflation is A) Increase in wage rate. B) Increase in interest rate. C) Increase in the price of raw material. D) Increase in indirect tax. Show Answer Correct Answer: C) Increase in the price of raw material. 3. Gross Domestic Product is a measure of..... A) A country's internal trade relation. B) A country's domestic economic activities. C) A country's financial position. D) A country's foreign trade relation. Show Answer Correct Answer: D) A country's foreign trade relation. 4. Which of the following markets are open to specific investors who buy securities directly from the issuing company? A) Tertiary markets. B) Primary markets. C) Secondary markets. D) None of the above. Show Answer Correct Answer: B) Primary markets. 5. Expand the term SWIFT. A) Society for Worldwide International Financial Telecommunications. B) Society for Worldwide Interbank Financial Telecommunications. C) Society for Worldwide International Financial Transfers. D) Society for Worldwide Interbank Fiscal. Show Answer Correct Answer: A) Society for Worldwide International Financial Telecommunications. 6. To control inflation the central bank should A) Sell government securities and decrease bank rate. B) Sell government securities and increase bank rate. C) Purchase government securities and increase bank rate. D) Purchase government securities and to decrease bank rate. Show Answer Correct Answer: B) Sell government securities and increase bank rate. 7. By increasing repo rate, the economy may observe the following effects.....[IBPS 2012] A) Rate of interest on loans and advances will be costlier. B) Industrial output would be affected to an extent. C) Banks will increase rate of interest on deposits. D) Industry houses may borrow money from foreign countries. Show Answer Correct Answer: C) Banks will increase rate of interest on deposits. 8. What is a RS.RS.Payment Obligation" ? A) Ontractual obligations of bank to pay an amount owed to another bank. B) Contractual obligations of a Person to pay an amount owed to another. C) Obligations of a Person to pay an amount distributed in a group. D) None of the above. Show Answer Correct Answer: B) Contractual obligations of a Person to pay an amount owed to another. 9. Which is not an example of near money? A) Bill of exchange. B) Govt. bonds and debentures. C) Equity shares of Ranbaxy company limited. D) Treasury bills of the Government of India. Show Answer Correct Answer: C) Equity shares of Ranbaxy company limited. 10. One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/norms are launched by the banks to prevent money laundering in general? A) Banking Regulation Act. B) Know Your Customer Norms. C) Negotiable Instrument Act. D) Narcotics and Psychotropic Substance Act. Show Answer Correct Answer: B) Know Your Customer Norms. 11. With which bank the ING Vysya Bank got merged in 2016? A) Kotak Mahindra Bank. B) Yes Bank. C) HDFC. D) Axis Bank. Show Answer Correct Answer: A) Kotak Mahindra Bank. 12. The market which expects the prices of shares go up in the market is called A) Depressed market. B) Bull market. C) Duck market. D) Bear market. Show Answer Correct Answer: B) Bull market. 13. What was the statutory cash reserves requirement originally when the Banking regulations Act was passed in 1949? A) 2% of demand liabilities and 5% of time liabilities. B) 5% of demand liabilities and 2% of time liabilities. C) 5% of demand liabilities and 5% of time liabilities. D) 5% of demand liabilities and 5% of time liabilities. Show Answer Correct Answer: B) 5% of demand liabilities and 2% of time liabilities. 14. Who among the following issues metallic coins in India? A) RBI. B) Government of India. C) Banks and financial institutions. D) Any of the above can issue it. Show Answer Correct Answer: B) Government of India. 15. Objective of monetary policy of RBI is to A) Control inflation. B) Discourage hoarding of commodities. C) Encourage flow of credit into neglected sector. D) All of the above. Show Answer Correct Answer: D) All of the above. 16. Which of the following is not the name of a Banking Organisation? A) HDFC. B) IDBI. C) YES. D) SEBI. Show Answer Correct Answer: D) SEBI. 17. The tax on Import and Export is known as A) Income Tax. B) Trade Tax. C) Custom duty. D) Commercial Tax. Show Answer Correct Answer: C) Custom duty. 18. What is the objective of the government behind setting up a Minimum Export Price (MEP) for a particular commodity? A) To promote import. B) To promote exports. C) To check price rise. D) To help exporters. Show Answer Correct Answer: C) To check price rise. 19. Travellers cheque is A) A supplementary credit card. B) A cheque issued by a bank or finance institution which functions as capital. C) A certificate issued by a bank or finance institution in lieu of cash. D) A prepaid instrument issued by a bank or finance institution which can be substitute of cash. Show Answer Correct Answer: D) A prepaid instrument issued by a bank or finance institution which can be substitute of cash. 20. RuPay debit card is similar to which of the following? A) Singapore's NETS. B) China's UnionPay. C) Both A and B. D) None of The Above. Show Answer Correct Answer: C) Both A and B. ← PreviousNext →Related QuizzesBanking QuizzesBanking Affairs Quiz 1Banking Affairs Quiz 2Banking Affairs Quiz 3Banking Affairs Quiz 4Banking Affairs Quiz 5Banking Affairs Quiz 6Banking Affairs Quiz 7Banking Affairs Quiz 8Banking Affairs Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books