This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 111 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 111 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following will set up core banking infrastructure for rural banks? [Allahabad Bank 2011] A) SIDBI. B) IBA. C) RBI. D) NABARD. Show Answer Correct Answer: D) NABARD. 2. Parallel Economy is also referred as..... A) Grey Market. B) Black Market. C) Black Economy. D) Both 1and 2. Show Answer Correct Answer: C) Black Economy. 3. TRAI regulates the functioning of which of the following services? A) Port. B) Trade. C) Telecom. D) Transport. Show Answer Correct Answer: C) Telecom. 4. If RBI adopts an expansionist open market operations policy, this means that it will A) Offer commercial banks more credit in open market. B) Sell securities in the open market. C) Openly announce to the market that it intends to expand credit. D) Buy securities from non-government holders. Show Answer Correct Answer: A) Offer commercial banks more credit in open market. 5. The Reserve Bank of India (RBI) extended the timeline for full implementation of the Basel III capital regulations by a year. Now the banks are required to comply with the Basel III norms by 31 March 2019 instead of A) 31 March 2016. B) 31 March 2018. C) 31 March 2017. D) 31 March 2015. Show Answer Correct Answer: B) 31 March 2018. 6. Which of the following terms is NOT used in the Banking world? [Allahabad Bank 2011] A) Holding Company. B) Postdated cheque. C) Credit. D) Centripetal force. Show Answer Correct Answer: D) Centripetal force. 7. Name the place where Canara Bank launched its seventh overseas branch in June 2014 A) London. B) New York. C) Leicester. D) Shanghai. Show Answer Correct Answer: B) New York. 8. What is Section 7 of the RBI Act 1934? A) It allows RBI to buy and sell Foreign currency. B) It empowers the government to issue directions to the RBI. C) It allows the RBI to appoint its own staff. D) None. Show Answer Correct Answer: B) It empowers the government to issue directions to the RBI. 9. When does a person become insolvent? A) When he left with no property of his own. B) When he declares an insolvent by the Court. C) When he terminates from a job he was holding. D) When he declares himself to be an insolvent. Show Answer Correct Answer: B) When he declares an insolvent by the Court. 10. Ten-rupee notes contain the signature of [Corporation Bank 2011] A) Finance Secretary, GOI. B) Chairman, State Bank of India. C) Governor, Reserve Bank of India. D) Finance Minister, GOI. Show Answer Correct Answer: C) Governor, Reserve Bank of India. 11. The credit for availing the first Home Loan goes to which of the following persons in India? A) Nandan Nilekani. B) Rustom Padri. C) D B Remedios. D) None of the Above. Show Answer Correct Answer: C) D B Remedios. 12. Which of the following is the biggest contributor of foreign exchange reserve of India? A) Foreign Currency assets. B) Gold. C) Reserve tranche with IMF. D) Special Drawing Rights. Show Answer Correct Answer: A) Foreign Currency assets. 13. Which was the first bank to open a branch on foreign soil? A) Bank of India. B) State Bank of India. C) Bank of Punjab. D) Allahabad Bank. Show Answer Correct Answer: A) Bank of India. 14. Which of the following is not true about National Electronic Funds Transfer (NEFT) system? A) There is no limit on transaction through NEFT. B) NEFT operates in hourly batches. C) NEFT is a payment system which facilitates one-to-one funds transfer. D) Only bank branches which are NEFT enabled, can be a part of the NEFT funds transfer network. Show Answer Correct Answer: B) NEFT operates in hourly batches. 15. NBFC-Infrastructure Finance Companies must have at least what per cent of its total assets in infrastructure loans? A) 80%. B) 50%. C) 75%. D) 70%. Show Answer Correct Answer: C) 75%. 16. Which of the following instruments may be construed either as a promissory note or bill of exchange? A) Valid instrument. B) Ambiguous instrument. C) Returnable instrument. D) None of the above. Show Answer Correct Answer: B) Ambiguous instrument. 17. Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements employed by Reserve Bank as measures by Reserve of credit control are classified as A) Quantitative methods. B) Qualitative methods. C) Both of the above. D) None of these. Show Answer Correct Answer: A) Quantitative methods. 18. As per the target for the 11th Five Year Plan, educated unemployment is to be reduced to which of the following levels? A) 9%. B) 6%. C) 7%. D) 0.05. Show Answer Correct Answer: D) 0.05. 19. Ultimate controller of Bank Deposits is? A) RBI. B) Finance Secretary. C) Ministry of Finance. D) Controller of Deposits. Show Answer Correct Answer: A) RBI. 20. CEPI stands for? A) Council of Environmental Pollution of India. B) Centre for Environmental Pollution in India. C) Comprehensive Environmental Pollution Index. D) Centre for Environmental Pollution and Industries. Show Answer Correct Answer: C) Comprehensive Environmental Pollution Index. ← 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