This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 106 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 106 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following banks is the first to provide Mobile ATM? A) HSBC. B) ICICI BANK. C) SBI. D) Axis Bank. Show Answer Correct Answer: B) ICICI BANK. 2. Which of the following is the Capital Market regulator? A) RBI. B) NSE. C) SEBI. D) BSE. Show Answer Correct Answer: C) SEBI. 3. A customer does not require a bank account to obtain..... A) A loan. B) An overdraft. C) A cheque. D) A banker's draft. Show Answer Correct Answer: D) A banker's draft. 4. The ability of a commercial Bank to increase its loans and Investment depends on its..... A) Holding of government securities. B) Cash position. C) Excess Cash reserves. D) Outstanding loans and investments. Show Answer Correct Answer: C) Excess Cash reserves. 5. When was Krishna Bhima Samruddhi Local Area Bank Ltd established? A) 2000. B) 2001. C) 2002. D) 2004. Show Answer Correct Answer: B) 2001. 6. What happens if in an instrument the amount undertaken or ordered to be paid is stated differently in figures and in words? A) The instrument is void due to uncertainty. B) The amount stated in figure shall be the amount undertaken or ordered to be paid. C) The amount stated in words shall be the amount undertaken or ordered to be paid. D) None of the above. Show Answer Correct Answer: A) The instrument is void due to uncertainty. 7. Annual PPF ceiling to be enhanced to from Rs 1 lakh A) Rs. 1.5 lakh. B) Rs. 2 lakh. C) Rs. 3 lakh. D) Rs. 3.5 lakh. Show Answer Correct Answer: A) Rs. 1.5 lakh. 8. Main functions of Money? A) Medium of Exchange. B) Unit of Account. C) Store of Value. D) A, B and C of the above. Show Answer Correct Answer: D) A, B and C of the above. 9. In which year the Regional Rural Banks Act was passed? A) 1986. B) 1976. C) 1992. D) 1988. Show Answer Correct Answer: B) 1976. 10. The Holidays for the Banks are declared as per.....[SBI Bank 2013] A) Reserve Bank Act. B) Banking Regulation Act. C) Negotiable Instruments Act. D) Securities and Exchange Board of India Act. Show Answer Correct Answer: C) Negotiable Instruments Act. 11. In which of the following bills, the payment is to be made immediately by means of Bill of Exchange? A) Term Bill. B) Faster Bill. C) Sight Bill. D) Ready Bill. Show Answer Correct Answer: C) Sight Bill. 12. NEFT works on the principle of which of the following? A) Gross Batch Settlement. B) Deferred Net Settlement. C) Priority Net Settlement. D) Domain Net Settlement. Show Answer Correct Answer: B) Deferred Net Settlement. 13. What does a "bank" means in Payment and Settlement Systems Act, 2007, unless the context otherwise requires? A) A bank included in the Second Schedule to the RBI Act. B) A post office savings bank. C) A banking company as defined in clause c of section 5, of the Banking Regulation Act. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. Financial inclusion makes people to A) Access financial markets. B) Access credit markets. C) Learn financial matters. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Which of the following term in related with Economy? A) Absolute Zero. B) Amplitude. C) Soft patch. D) Buoyancy. Show Answer Correct Answer: C) Soft patch. 16. Which of the following is NOT a Public Sector Unit/Undertaking/Agency? [Vijaya Bank 2008] A) ECGC. B) SEBI. C) SIDBI. D) Axis Bank. Show Answer Correct Answer: D) Axis Bank. 17. When was YES Bank setup in India? A) 2002. B) 2003. C) 2004. D) 2012. Show Answer Correct Answer: C) 2004. 18. What Street Name is used to refer to the RBI? A) Reserve Street. B) Credit Street. C) Mint Street. D) None of the above. Show Answer Correct Answer: C) Mint Street. 19. The Banking Ombudsman Scheme was introduced under which of the following acts? A) Banking Regulation Act, 1935. B) Banking Regulation Act, 1949. C) Banking Regulation Act, 1985. D) None of The Above. Show Answer Correct Answer: B) Banking Regulation Act, 1949. 20. Mutual funds are regulated by A) Association of Mutual Funds of India (AMFI). B) Securities and Exchange Board of India (SEBI). C) Reserve Bank of India. D) IRDA. Show Answer Correct Answer: B) Securities and Exchange Board of India (SEBI). ← 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