This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 103 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 103 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is India's present Credit Ratings? A) Baa2. B) Baa3. C) AAA. D) Baa1. Show Answer Correct Answer: A) Baa2. 2. Increase in Bank rate is generally followed by..... A) An increase in market rates of interest. B) A fall in market rates of interest. C) A rise only in the deposit rates but not the lending rates. D) A rise only in the base rates. Show Answer Correct Answer: A) An increase in market rates of interest. 3. Which of the following is not an objective of fiscal policy of Government of India? A) Price Stability. B) Full Employment. C) Equal distribution of Income and Wealth. D) Regulation of Inter State Trade. Show Answer Correct Answer: D) Regulation of Inter State Trade. 4. Where is the headoffice of Indian Overseas Bank located? A) Chennai. B) Madurai. C) Gurgaon. D) Patna. Show Answer Correct Answer: A) Chennai. 5. What is meant by a Scheduled Bank? A) A Bank functioning under provisions of Banking Regulation Act. 1949. B) A Bank included in 2nd schedule of RBI Act 1934. C) A Bank incorporated under Banking Companies Act. 1956. D) A Bank authorised to do Banking functions. Show Answer Correct Answer: B) A Bank included in 2nd schedule of RBI Act 1934. 6. Which entity regulates and supervises NBFCs? A) SEBI. B) RBI. C) Ministry of Finance. D) NABARD. Show Answer Correct Answer: B) RBI. 7. Expand the term FSDC, which is used in financial sector. A) Financial Security and Development Council. B) Financial Stability and Development Council. C) Fiscal Security and Development Council. D) Fiscal Stability and Development Council. Show Answer Correct Answer: B) Financial Stability and Development Council. 8. A debit card holder cannot perform which of the following functions? A) Make Point of Sale (POS) purchase. B) Recharge pre-paid mobile phones. C) Pay Life insurance premium. D) None of the above. Show Answer Correct Answer: D) None of the above. 9. Which of the following defines "issue" in Risk and Issue management? A) Something that has happened or a current problems. B) Something that hasn't happened yet but has some probability of occurring. C) Potential future problems. D) None of the above. Show Answer Correct Answer: A) Something that has happened or a current problems. 10. As per the guidelines issued by RBI, all NBFC-MFIs should maintain an aggregate margin cap of not more than how much percent? A) 8 per cent. B) 9 per cent. C) 10 per cent. D) 12 per cent. Show Answer Correct Answer: D) 12 per cent. 11. Lead bank scheme was initiated by which of the following? A) KP Group. B) Gadgil Study Group. C) Ghosh committee. D) Bhagwati committee. Show Answer Correct Answer: B) Gadgil Study Group. 12. What is the full form of NRE account? A) National Rural External account. B) National Resident External account. C) Non Resident External account. D) None of the above. Show Answer Correct Answer: C) Non Resident External account. 13. Which of the following agencies/organisations in India maintains the Micro Finance Development and Equity Fund which was in news recently? A) Confederation of Industries in India (CII). B) Indian Bank's Association (IBA). C) Small Industries Development Bank of India (SIDBI). D) National Bank for Agriculture and Rural Development (NABARD). Show Answer Correct Answer: D) National Bank for Agriculture and Rural Development (NABARD). 14. Which of the following organisations/agencies has asked all the banks in India to form customer service panels at branch levels? A) Indian Banks' Association. B) Reserve Bank of India (RBI). C) Supreme Court of India. D) Securities & Exchange Board of India (SEBI). Show Answer Correct Answer: B) Reserve Bank of India (RBI). 15. India on 2 January 2014 has signed a credit agreement of 160 million dollar with World Bank for the modernization of A) Uttar Pradesh Road Sector. B) Rajasthan Road Sector. C) Bihar Road Sector. D) West Bengal Road Sector. Show Answer Correct Answer: B) Rajasthan Road Sector. 16. The banker is under an obligation to take utmost care in keeping secrecy of the details of the customer. However, the obligation of secrecy is not considered essential when A) A banker is required to give evidence in the court. B) There is national emergency and disclosure is essential in the public interest. C) There are clear proofs of reason to the state and when consent is given by the customer to provide information for the preparation of balance sheet. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Real Time Gross Settlement System means a payment system in which A) Both processing and final settlement of funds transfer instructions can take place continuously. B) Final transaction takes place at the end of the day. C) Final payment is physically effected within 24 hours. D) Final settlement of funds take place at 3 PM daily. Show Answer Correct Answer: A) Both processing and final settlement of funds transfer instructions can take place continuously. 18. "One Family One Bank" tagline is associated with a PSB Bank. The Public Sector Bank (PSB) in the Question is A) Canara Bank. B) Bank of Maharashtra. C) Bank of India. D) Corporation Bank. Show Answer Correct Answer: B) Bank of Maharashtra. 19. "De-Mat" account is regulated by A) RBI. B) SBI. C) IRDA. D) SEBI. Show Answer Correct Answer: D) SEBI. 20. Which of the following is considered an informal method of getting credit/finance? A) Internet banking. B) Branch visits. C) Going to moneylenders. D) Telebanking. Show Answer Correct Answer: C) Going to moneylenders. ← 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