This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 102 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 102 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. With reference to a cheque which of the following is the "drawee bank"? [IBPS 2012] A) The bank that collects the cheque. B) The payee's bank. C) The endorsee's bank. D) The bank upon which the cheque is drawn. Show Answer Correct Answer: D) The bank upon which the cheque is drawn. 2. As per Section 31 of the RBI, who can issue and accept promissory notes that are payable on demand in India? A) RBI. B) Central Government. C) Both A and B. D) None. Show Answer Correct Answer: C) Both A and B. 3. Who is the Chairman of ISRO at present? A) Pradeep Kumar. B) K. Radhakrishnan. C) A.S. Kiran Kumar. D) Rakesh Sood. Show Answer Correct Answer: C) A.S. Kiran Kumar. 4. Adequacy of bank's liquidity position depends upon..... A) Source of funds. B) Anticipated future funding needs. C) Present and future earnings capacity. D) All of above. Show Answer Correct Answer: A) Source of funds. 5. Sales above Break even point is called..... A) Margin of Safety. B) Gross Profit. C) Net profit. D) B & C. Show Answer Correct Answer: A) Margin of Safety. 6. Planned expenditure in India is made from..... A) Internal debt and other resources. B) Assistance from IMF. C) Assistance from ADB. D) A, B and C. Show Answer Correct Answer: A) Internal debt and other resources. 7. Which of the following assets are considered as near money? A) Bond. B) Equity Shares. C) Time deposits. D) All of above. Show Answer Correct Answer: D) All of above. 8. Which of the following does the most to reduce default risk for futures contracts? A) High liquidity. B) Flexible delivery arrangements. C) Marking to market. D) Credit checks for both buyers and sellers. Show Answer Correct Answer: C) Marking to market. 9. Which of the following was the reason to establish Liberalised Remittance Scheme? A) To permit citizens of India to transfer funds abroad for permitted current or capital account transactions. B) To permit foreigners to transfer funds abroad for permitted current or capital account transactions. C) To permit NRI to transfer funds to India for permitted current or capital account transactions. D) None of the above. Show Answer Correct Answer: A) To permit citizens of India to transfer funds abroad for permitted current or capital account transactions. 10. Which state has the highest number of RRBs in India? A) Uttar Pradesh. B) Bihar. C) West Bengal. D) Maharashtra. Show Answer Correct Answer: A) Uttar Pradesh. 11. What is the purpose of Ways and Means Advances scheme? A) To give insurance to the large corporates for their investment in abroad projects. B) To handle the mismatch between cash flow of the receipts and payments of the State Governments. C) To promote export oriented projects by giving interest free credit. D) None of the above. Show Answer Correct Answer: B) To handle the mismatch between cash flow of the receipts and payments of the State Governments. 12. A merchant bank is a financial institution conducting money market activities and which of the following? A) Lending. B) Underwriting and financial advice. C) Investment service. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. Which of the following cannot be endorsed? A) Fixed deposit receipt. B) Bank draft. C) Promissory note. D) Cheque. Show Answer Correct Answer: A) Fixed deposit receipt. 14. Who among the following first launched self Help Group (SHG) Bank Linkgage programme? A) RRBs. B) NABARD. C) SBI. D) RBI. Show Answer Correct Answer: B) NABARD. 15. Money deposited with the bank becomes a debt due A) From the banker. B) From the customer. C) To the customer. D) Either A and B. Show Answer Correct Answer: B) From the customer. 16. Govt shareholding in public sector banks cannot be below A) 33%. B) 51%. C) 74%. D) 76%. Show Answer Correct Answer: B) 51%. 17. Which of the following is not the part of prudential guidelines issued by Reserve Bank of India? A) Provisioning. B) Loan recovery rules. C) Asset classification. D) Income recognition. Show Answer Correct Answer: B) Loan recovery rules. 18. How many banks in India have joined the international telecommunication network of SWIFT? A) 249. B) 46. C) 28. D) 19. Show Answer Correct Answer: B) 46. 19. 'Gold Tranche' refers to..... A) A credit system granted by IMF to its members. B) A loan system of the World Bank. C) A credit system granted by WTO to its members. D) One of the operations of a Central Bank. Show Answer Correct Answer: A) A credit system granted by IMF to its members. 20. What is the Statutory Liquidity Ratio (SLR) at present? A) 14%. B) 18%. C) 20%. D) 0.24. Show Answer Correct Answer: D) 0.24. ← 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