This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 107 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 107 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which was the first mutual fund started in India? A) SBI Mutual Fund. B) Indian Bank Mutual Fund. C) Kotak Pioneer Mutual Fund. D) Unit Trust of India. Show Answer Correct Answer: D) Unit Trust of India. 2. Financial institutions having loans swapped for bonds can sell all bonds in which of the following? A) Under-developed markets. B) Developed markets. C) Primary markets. D) Secondary markets. Show Answer Correct Answer: D) Secondary markets. 3. According to 2011 Census, Sex Ratio in India stood at.....females per 1000 males. A) 933. B) 965. C) 947. D) 940. Show Answer Correct Answer: D) 940. 4. What does Current Ratio mean? A) Company's ability to pay back its long-term liabilities. B) It is the ratio of net debt to total liabilities. C) It is the ratio of liquid assets to current liabilities. D) Company's ability to pay back its short-term liabilities. Show Answer Correct Answer: D) Company's ability to pay back its short-term liabilities. 5. Which of the following is not a recommendation of the Narasimham Committee, 1991? A) Reduction of CRR and SLR. B) Phasing out directed Credit Programme. C) Reduction of capital adequacy ratio. D) Establishment of ARF fund. Show Answer Correct Answer: C) Reduction of capital adequacy ratio. 6. The market value of all final goods and services produced and/Or made with the geographical boundaries of a country in a year is known as..... A) Gross Domestic Product. B) Gross National Savings. C) Gross Fiscal Deficit. D) Gross Domestic Capital Formation. Show Answer Correct Answer: B) Gross National Savings. 7. Who are authorized to sell Foreign Exchange in India? A) Authorized Dealers. B) RBI. C) FFMCs. D) Both a and c. Show Answer Correct Answer: D) Both a and c. 8. What is the Platinum Jubilee Year of the RBI? A) 2007-2008. B) 2008-2009. C) 2012-2013. D) 2009-2010. Show Answer Correct Answer: D) 2009-2010. 9. What does BBPOU stand for? A) Bharat Bill Payment Operating Units. B) Bharat Biller Payment Operating Units. C) Bharat Bill Payment Onsite Units. D) Bharat Bill Payment Online Units. Show Answer Correct Answer: A) Bharat Bill Payment Operating Units. 10. Which of the following year has registered the maximum GDP growth rate? A) 2005-06. B) 2006-07. C) 2007-08. D) 2010-11. Show Answer Correct Answer: B) 2006-07. 11. As a part of financial inclusion, Bank on Wheels is a banking kiosk in a mobile van which goes to various rural villages as per the predetermined schedule to provide the banking services to the rural Indians. This Vehicle Tracking through GPRS. GPRS stands for A) General Packet Radio Service. B) General Packet Running Service. C) Gross Packet Radio Service. D) Gain Packet Radio Service. Show Answer Correct Answer: A) General Packet Radio Service. 12. Which of the following were the objectives of Lead Bank scheme? A) Eviction of unemployment and under employment. B) Survival growth in the living map for the poorest of the poor. C) Some basic needs arrangements included in poor sections of the society. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. Which of the following remittances payments is one area that is a lifeline for millions of people across the globe, especially in rural areas? A) Digital remittance. B) Ion remittance. C) Blockchain remittance. D) None of the above. Show Answer Correct Answer: C) Blockchain remittance. 14. Which out of the following is most popular channel of foreign inward remittances to India? A) SWIFT. B) Rupee Drawing Arrangement (RDA). C) Direct transfers. D) Cheques and Drafts. Show Answer Correct Answer: B) Rupee Drawing Arrangement (RDA). 15. Which of the following would reduce the credit creation capacity of a commercial bank? A) Time & Demand deposits. B) Loans. C) Cash in hand. D) A & B. Show Answer Correct Answer: A) Time & Demand deposits. 16. When did the RBI allowed for the first time to open ultra small branches? A) 2004. B) 2009. C) 2012. D) 2014. Show Answer Correct Answer: C) 2012. 17. Where is the operational head office of HSBC Bank located in India? A) New Delhi. B) Bangalore. C) Mumbai. D) Chennai. Show Answer Correct Answer: C) Mumbai. 18. Almost all Banks in India are running special schemes for providing banking services to rural poor. This concept is popularly known as..... A) Faster Growth. B) Trade Finance. C) SME Finance. D) Financial Inclusion. Show Answer Correct Answer: D) Financial Inclusion. 19. NEFT means [IBPS 2011] A) National Electronic Funds Transfer system. B) Negotiated Efficient Fund Transfer System. C) National Efficient Fund Transfer Solution. D) Non Effective Fund Transfer System. Show Answer Correct Answer: A) National Electronic Funds Transfer system. 20. Interest is usually paid on money market instruments A) At maturity. B) On request. C) Twice a year. D) Annually. Show Answer Correct Answer: A) At maturity. ← 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