This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 105 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 105 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Corporate loans are offered to applicants who have established their business for how many years in India? A) 5. B) 6. C) 2. D) 7. Show Answer Correct Answer: A) 5. 2. Which of the following is an organised markets that enable the existing equity and debt of issuing companies to be traded? A) Secondary markets. B) Discount market. C) Gilt repo market. D) Primary capital markets. Show Answer Correct Answer: A) Secondary markets. 3. Regional Rural Banks (RRBs) are managed by A) Reserve Bank of India. B) A Board of Directors. C) The sponsor bank. D) The State Government. Show Answer Correct Answer: B) A Board of Directors. 4. Which of the following is incorrect about Non-banking Financial Companies (NBFCs)? A) NBFC cannot accept demand deposits. B) NBFC is not a part of the payment and settlement system. C) NBFC can issue cheques drawn on itself. D) NBFCS are fast emerging segment of Indian financial system. Show Answer Correct Answer: C) NBFC can issue cheques drawn on itself. 5. What is the maturity period of Treasury Bill? A) 91 Days. B) 364 Days. C) Both A and B. D) None of these. Show Answer Correct Answer: A) 91 Days. 6. The rules for how to deal with leases and hire purchase contracts is dealt with in which accounting standard? A) FRS 16. B) FRS 19. C) SSAP 21. D) SSAP 20. Show Answer Correct Answer: C) SSAP 21. 7. Which of the following is not a Banking/Economy Term? A) Factoring. B) Blue Chip. C) Insider Trading. D) Digital Signature. Show Answer Correct Answer: D) Digital Signature. 8. The largest Nationalized Commercial Bank in India at present is..... A) Reserve Bank of India. B) State Bank of India. C) Central Bank of India. D) Bank of India. Show Answer Correct Answer: B) State Bank of India. 9. The Vedic word Kusidin refers to.....? A) A banker. B) An usurer. C) A farmer. D) A trader. Show Answer Correct Answer: B) An usurer. 10. The bank rate means [BOB 2008] A) Rate of interest charged by commercial banks from borrowers. B) Rate of interest at which commercial banks discounted bills of their borrowers. C) Rate of interest allowed by commercial banks on their deposits. D) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks. Show Answer Correct Answer: D) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks. 11. Which of the following is popular 'saving bank' among the poor children? A) Core banking. B) Credit banking. C) Debit banking. D) Piggy banking. Show Answer Correct Answer: D) Piggy banking. 12. Bank rate as fixed by RBI, means A) Rate of interest charged by banks from borrowers. B) Rate of interest on bank deposits. C) Rate of interest charged by RBI on its loans to banks. D) Rate of interest on inter-bank loans. Show Answer Correct Answer: C) Rate of interest charged by RBI on its loans to banks. 13. RRBs are owned by A) Central Government. B) State Government. C) Sponsor Bank. D) All of the above. Show Answer Correct Answer: B) State Government. 14. ACH is a nationwide automated electronic system that monitors and administers the process of cheques and fund clearance between banks. Expand ACH. A) Automatic Check Clearing House. B) Automated Check House. C) Automatic Clearing House. D) Automated Clearing House. Show Answer Correct Answer: D) Automated Clearing House. 15. Which of the following deposit accounts caters to professionals and businessmen alike? A) Fixed Deposit Account. B) Savings Bank Account. C) Recurring Account. D) Current Account. Show Answer Correct Answer: D) Current Account. 16. Reverse Repo is a tool used by RBI to [Indian Overseas Bank 2011] A) Inject liquidity. B) Absorb liquidity. C) Increase the liquidity with banking system. D) To keep the liquidity at one level. Show Answer Correct Answer: B) Absorb liquidity. 17. Which is the latest round of NELP unveiled by the government for the auction? A) NELP-IX. B) NELP-X. C) NELP-XI. D) NEP-XIII. Show Answer Correct Answer: B) NELP-X. 18. Which of the following is also known as Additional State Pension? A) Basic state pension. B) State First Related Pension. C) State Earnings-Related Pension. D) None of the above. Show Answer Correct Answer: C) State Earnings-Related Pension. 19. What is the minimum limit of CRR that can be set by the RBI? A) No Limit. B) 12%. C) 15%. D) 20%. Show Answer Correct Answer: A) No Limit. 20. Headquarters of Reserve Bank of India is in A) New Delhi. B) Mumbai. C) Kolkata. D) Chennai. Show Answer Correct Answer: B) Mumbai. ← 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