This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 101 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 101 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. With regard to the Export Policy of the Government of India, which of the following statements is correct? A) All commodities can be exported without licence. B) Export licenses are required for only a few items. C) Export licenses are required for all items. D) All of the above. Show Answer Correct Answer: B) Export licenses are required for only a few items. 2. The main objective(s) of National Housing Bank is/are A) To promote and develop specialised housing finance institutions for mobilisation of resources and extending finance for housing activities. B) To extend refinance facilities to housing finance institutions and to scheduled banks. C) To provide guarantee and underwriting facilities of housing finance institutions. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. IPO issue management is also known as which of the following? A) Moving public. B) Action public. C) Going public. D) None of the above. Show Answer Correct Answer: C) Going public. 4. The Ministerial Conference of World Trade Organisation (WTO) in was held in A) Japan. B) Mexico. C) Canada. D) Indonesia. Show Answer Correct Answer: D) Indonesia. 5. Which of the following portals has been launched by SEBI to enable investors to post their complains and for its follow up? A) SCORES. B) Happy Times. C) MORE. D) Aadhar. Show Answer Correct Answer: A) SCORES. 6. Which of the following is not a negotiable instrument? [Indian Overseas Bank 2011] A) Cheque. B) Pay order. C) Bill of Exchange. D) All are negotiable instruments. Show Answer Correct Answer: D) All are negotiable instruments. 7. What is/are the main aim of financial inclusion? A) To maintain a certain quantity of liquid assets with themselves at any point of time of their total time and. B) To control money supply in the economy. C) To provide basic banking services to all section of society in urban areas or rural areas at affordable cost. D) Both A and B. Show Answer Correct Answer: C) To provide basic banking services to all section of society in urban areas or rural areas at affordable cost. 8. Which of the following schemes is not meant for investment purposes? A) National savings certificates. B) Infrastructure bonds. C) Mutual funds. D) Letter of credit. Show Answer Correct Answer: D) Letter of credit. 9. Mixed Economy means A) Co-existence of small and large industries. B) Promoting both agriculture and industries in the economy. C) Co-existence of public and private sectors. D) Co-existence of the rich and the poor. Show Answer Correct Answer: C) Co-existence of public and private sectors. 10. What do we call an unconditional order to pay a certain amount on an agreed date? A) Promissory note. B) Bill of exchange. C) Money order. D) None of the above. Show Answer Correct Answer: B) Bill of exchange. 11. The power of the commercial banks to expand deposits through expanding their loans and advances is known as..... A) Capital Expansion. B) Credit Expansion. C) Credit control. D) Credit Creation. Show Answer Correct Answer: D) Credit Creation. 12. SLR is maintained by banks on which of the following A) Demand and Time Deposits. B) Net Demand and Time Deposits. C) Demand and Time Liabilities. D) Net Demand and Time Liabilities. Show Answer Correct Answer: D) Net Demand and Time Liabilities. 13. The Reserve Bank of India does not print currency notes of the denomination of Rs A) 20. B) 50. C) 3, 000. D) 1, 000. Show Answer Correct Answer: C) 3, 000. 14. The tag line 'A friend you can bank on' is of which bank? A) Vijaya Bank. B) Bank of Maharashtra. C) UCO Bank. D) Bank of Baroda. Show Answer Correct Answer: A) Vijaya Bank. 15. Which of the following microfinance institution is Universal Bank? A) SKS Microfinance Private Ltd. B) Disha Microfinance Private Ltd. C) Arohan Financial Services Private Ltd. D) Bandhan Financial Services Private Ltd. Show Answer Correct Answer: D) Bandhan Financial Services Private Ltd. 16. In the term of economics, the recession occuring two times with a small gap in between is known as A) Double Deflation. B) Deflation. C) Deep Recession. D) Double Dip Recession. Show Answer Correct Answer: A) Double Deflation. 17. Banking ombudsman is appointed by A) Union government. B) RBI. C) Respective state government. D) Exim bank. Show Answer Correct Answer: B) RBI. 18. In the term STRIPS, the first letter 'S' denotes A) Single. B) Small. C) Special. D) Separate. Show Answer Correct Answer: D) Separate. 19. As per the news published in various newspapers, the RBI has given its permission for cash withdrawal at "POS terminals". What is the full form of "POS"? A) Permitted on Sale. B) Potential of Service. C) Point of Sale. D) Permission of Sale. Show Answer Correct Answer: C) Point of Sale. 20. Which of the following is correct regarding the Gross Domestic Saving in India? A) Contribution of household sector is the largest. B) Contribution of govt. sector is the largest. C) Contribution of corporate sector is the largest. D) All of the above. Show Answer Correct Answer: A) Contribution of household sector is the largest. ← 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