This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 11 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is not a component of foreign aid of a country? A) Bilateral grant. B) Multilateral grant. C) Loans from international financial institutions. D) Commercial borrowing. Show Answer Correct Answer: D) Commercial borrowing. 2. As we all know, the Bank Rate at present is fixed at 6% . What does it mean in context to the banking operations? A) No bank will be able to give loan to any patron at a rate lower than the Bank Rate. B) Bank should give loan to their priority sector customers/borrowers at the rate of 6% only. They cannot charge less or more than this from their priority sector clients. C) Banks are required to invest 6% of their total capital on financial inclusion and inclusive banking operations. D) Banks will be required to give 6% of their total deposits to the Govt. of India for meeting its Balance of Trade requirements. Show Answer Correct Answer: A) No bank will be able to give loan to any patron at a rate lower than the Bank Rate. 3. Which one of the following groups of items is included in India's foreign exchange reserves? A) Foreign-currency assets, Special Drawing Rights (SDRs) and Loans from foreign countries. B) Foreign-currency assets, Gold holdings of RBI and Special Drawing Rights (SDRs). C) Foreign-currency assets, Loans from the World Bank and Special Drawing Rights (SDRs). D) Foreign-currency assets, Gold holdings of RBI and Loans from the World Bank. Show Answer Correct Answer: B) Foreign-currency assets, Gold holdings of RBI and Special Drawing Rights (SDRs). 4. The headquarters of IMF and World Bank are located at A) Geneva and Montreal. B) Geneva and Vienna. C) New York and Geneva. D) Washington DC. Show Answer Correct Answer: D) Washington DC. 5. 'Open Market operation' is a part of..... A) Labour Policy. B) Fiscal Policy. C) Monetary and Credit Policy. D) Income Policy. Show Answer Correct Answer: C) Monetary and Credit Policy. 6. Basel-II norms are associated with sector. A) Banking. B) Insurance. C) Share. D) All of the above. Show Answer Correct Answer: A) Banking. 7. According to the Banking Regulation Act, nationalized bank can release a share of total paid up capital up to maximum ceiling of..... A) 40%. B) 49%. C) 51%. D) 73%. Show Answer Correct Answer: A) 40%. 8. Many times we see in newspapers that some projects are launched by the Govt authorities on 'PPP' basis. What is the full form of 'PPP'? A) Preferential Payment Plan. B) Public Private Partnership. C) Partial Payment Project. D) Popular Private Project. Show Answer Correct Answer: B) Public Private Partnership. 9. What is an Indian Depository Receipt? [BOB 2008] A) A deposit account with a public Sector Bank. B) A depository account with any of the Depositories India. C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company. D) An instrument in the form of deposit receipt issued by Indian depositories. Show Answer Correct Answer: C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company. 10. How many Credit Rating Agencies are there in India? A) 3. B) 6. C) 7. D) 9. Show Answer Correct Answer: B) 6. 11. Invisible export means export of..... A) Services. B) Prohibited goods. C) Unrecorded goods. D) Goods through smuggling. Show Answer Correct Answer: A) Services. 12. Which of the following mobilise (s) the savings of the public to specifically invest in the industrial securities? A) U T I. B) L I C. C) G I C. D) All of these. Show Answer Correct Answer: D) All of these. 13. A bank normally does not have to deal with an issue related to A) Payments and settlement systems. B) Contractual rights of creditors. C) Intellectual property rights. D) Cases of insolvency. Show Answer Correct Answer: C) Intellectual property rights. 14. The country's First ever socio-economic and caste census to identify people living below poverty line was recently started from a tribal village Sankhola in..... A) Tripura. B) Assam. C) West Bengal. D) Maharashtra. Show Answer Correct Answer: A) Tripura. 15. As per the decision taken by the Government of India, now the National Rural Employment Guarantee Act is extended to all the districts of India. This means it will now be applicable to about. A) 200 districts. B) 300 districts. C) 400 districts. D) 600 districts. Show Answer Correct Answer: D) 600 districts. 16. Which of the following is a correct statement? [IBPS 2011] A) Normally no interest is paid on current deposit accounts. B) Interest is paid on current accounts at the same rate as term deposit accounts. C) The rate of interest on current account and savings account are the same. D) No interest is paid on any deposit by the bank. Show Answer Correct Answer: A) Normally no interest is paid on current deposit accounts. 17. Which of the following institute is the regulator of the housing finance in India? A) RBI. B) CIBIL. C) SEBI. D) NHB. Show Answer Correct Answer: D) NHB. 18. Reserve bank of India, in regard to RTGS, has decided that A) There would be accessible to all retail customers. B) There would be no floor ceiling for routing transactions through RTGS. C) Settlement of transactions of the clearing corporations of India and the stock market would be conducted through RTGS. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. In the context with Investment what are A, AA+ and AAA? A) Stock exchange Index. B) Credit ratings. C) Market stability Index. D) Profit equity Index. Show Answer Correct Answer: B) Credit ratings. 20. How many banks were fined by the Reserve Bank of India (RBI) on 25 July 2014 for violating central bank rules in the case of Deccan Chronicle Holdings? A) Ten. B) Eleven. C) Twelve. D) Thirteen. Show Answer Correct Answer: C) Twelve. ← 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