This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 109 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 109 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The financial year for banks is April-March, but what is the financial year for RBI? A) January-December. B) April-March. C) July-June. D) October-September. Show Answer Correct Answer: C) July-June. 2. Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized? A) Ten. B) Six. C) Five. D) Four. Show Answer Correct Answer: B) Six. 3. Which was the first public bank to introduce credit cards? A) ICICI. B) HDFC. C) Central Bank of India. D) SBI. Show Answer Correct Answer: C) Central Bank of India. 4. Which among the following activities are not permitted to payments banks? A) Remittance services. B) Issuing ATM cards. C) Issuing credit cards. D) Accepting demand deposits. Show Answer Correct Answer: C) Issuing credit cards. 5. Which of the following is NOT used in Economics? A) Demand and Supply. B) Ad Valorem Tax. C) Break even. D) HIV-positive. Show Answer Correct Answer: D) HIV-positive. 6. Banks in India are governed by BR Act 1949. What does 'BR' stands for? A) Banks Registration. B) Banking Re-organization. C) Banking Regulation. D) Banking Rights. Show Answer Correct Answer: C) Banking Regulation. 7. What is the name given to the online payment services that all internet banking customers can use? A) E pay. B) E-commerce. C) ECS. D) All of these. Show Answer Correct Answer: A) E pay. 8. When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue, it is called.....[IBPS 2012] A) Revenue Deficit. B) Budgetary Deficit. C) Zero Budgeting. D) Trade Gap. Show Answer Correct Answer: A) Revenue Deficit. 9. Which of the following year marked the beginning of the history of agricultural cooperative banks in India? A) 1904. B) 1905. C) 1906. D) 1907. Show Answer Correct Answer: A) 1904. 10. Many times we read about 'Hawala' transactions in newspapers. Hawala, in India, is prohibited under the provision of which of the following Acts? A) Fiscal Responsibility and Budget Management Act. B) Banking Regulation Act. C) Financial Action Task Force Act. D) Foreign Exchange Management Act. Show Answer Correct Answer: D) Foreign Exchange Management Act. 11. With a view to enlarge resources available to RRBs for a variety of purposes, especially in the context of programme of financial inclusion, general credit card etc, Reserve Bank advised that A) Sponsor banks should provide them lines of credit at a reasonable rate of interest. B) RRBs may borrow from/or place funds with other RRBs, including those sponsored by other banks, subject to counter party Credit Risk Policy and limits. C) RRBs may enter into ready forward transactions in government securities with Subsidiary General Ledger (SGL), Constituent Subsidiary General Ledger (CSGL) account holders. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. KYC guidelines followed by the banks have been framed on the recommendations of the A) Ministry of Home Affairs. B) Ministry of Rural Development. C) Indian Banks Association. D) Reserve Bank of India. Show Answer Correct Answer: D) Reserve Bank of India. 13. What would be the New Price Index that would measure inflation? A) PPI (2011). B) CPI (2010). C) WPI (2004-2005). D) RTI. Show Answer Correct Answer: B) CPI (2010). 14. Which of the following bills presented in the Parliament will bring some changes in the existing tax regime? A) Direct Taxes Code (DTC) Bill. B) Foreign Exchange Management Regulatory Bill. C) Companies Act Bill. D) Salaries and Perks for MPs Bill. Show Answer Correct Answer: A) Direct Taxes Code (DTC) Bill. 15. SbiINTOUCH launched by State Bank of India relates to A) ATM services. B) Digital branches. C) Infrastructure loans. D) Home loans. Show Answer Correct Answer: B) Digital branches. 16. The Capital Market of Indian financial system deals with which of the following funds? A) Hedge funds. B) Short-term funds. C) Long-term Funds. D) Government Funds. Show Answer Correct Answer: C) Long-term Funds. 17. What is the maturity period of Treasury Bills issued by Government of India? A) 14 days and 84 days. B) 182 days and 364 days. C) 18 days and 36 days. D) 91, 182 & 364 days. Show Answer Correct Answer: D) 91, 182 & 364 days. 18. The Mutual fund is constituted under the provisions of which of the following acts? A) The Securities and Exchange Board Of India Act, 1992. B) RBI Act, 1934. C) Indian Trusts Act, 1882. D) Indian Registration Act, 1908. Show Answer Correct Answer: C) Indian Trusts Act, 1882. 19. At which of the following rates does the Central Bank lend to banks against government securities? A) Repo Rate. B) Reverse Repo Rate. C) Bank Rate. D) CRR. Show Answer Correct Answer: D) CRR. 20. Which of the following is not true about Bharat Interface for Money (BHIM) app? A) BHIM framework allows its usage without internet also. B) Money can also be sent to non-UPI supported banks using IFSC code and account number. C) BHIM allows daily transaction limit of Rs 20, 000. D) Through BHIM app, a maximum of Rs 5, 000 is allowed per transaction. Show Answer Correct Answer: D) Through BHIM app, a maximum of Rs 5, 000 is allowed per transaction. ← 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