This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 112 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 112 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In the post-liberalization period, the share of direct taxes in gross tax revenue in India has..... A) Increased. B) Decreased. C) First increased and then decreased. D) Remained the same. Show Answer Correct Answer: A) Increased. 2. Which one of the following is a Credit Card Association? A) India Card. B) Master Card. C) SBI Cards. D) City Bank Cards. Show Answer Correct Answer: B) Master Card. 3. In which year SMERA (Small & Medium Enterprises Rating Agency) was established? A) 2002. B) 2005. C) 2008. D) 2001. Show Answer Correct Answer: B) 2005. 4. Which bank came into existence in 1921 when three banks namely, Bank of Bengal (1806), Bank of Bombay (1840) and Bank of Madras (1843) were reorganised and amalgamated to form a single banking entity? A) Imperial Bank of India. B) State Bank of India. C) Reserve Bank of India. D) Punjab National Bank. Show Answer Correct Answer: A) Imperial Bank of India. 5. When was the decimalization of the coinage done in India? A) 1957. B) 1955. C) 1947. D) 1935. Show Answer Correct Answer: A) 1957. 6. Which of the following is not a scheduled Commercial Bank? A) IDBI Bank. B) Axis Bank. C) HDFC Bank. D) NABARD. Show Answer Correct Answer: D) NABARD. 7. Who among the followings regulates the NBFCs in India? A) Reserve Bank of India. B) SEBI. C) Government of India. D) None of the above. Show Answer Correct Answer: A) Reserve Bank of India. 8. 0-second paperless instant loan Scheme for its existing customers and Project Tatkal home loans application process within 10 days are launch by which of these banks respectively A) ICICI and HDFC. B) SBI and ICICI. C) BOI and SBI. D) HDFC and SBI. Show Answer Correct Answer: D) HDFC and SBI. 9. Which of these was the first RRB to be set up in India? A) Gaur Gramin Bank. B) Prathama Bank. C) Arunachal Pradesh Rural Bank. D) Himachal Gramin Bank. Show Answer Correct Answer: B) Prathama Bank. 10. Which of the following is the Central Bank of USA? [Allahabad Bank 2011] A) Federation of Banks, USA. B) Citigroup, USA. C) Bank of America. D) Federal Reserve. Show Answer Correct Answer: D) Federal Reserve. 11. Whenever somebody needs foreign currency against Indian Rupee, banks give equivalent amount of desired currency based on prevalent A) Bank rate. B) Currency rate. C) Policy rate. D) Exchange rate. Show Answer Correct Answer: D) Exchange rate. 12. An EEFC account can be held only in the form of which of the following? A) Savings Bank Account. B) Deposit Account. C) Current Account. D) None of the Above. Show Answer Correct Answer: C) Current Account. 13. We frequently read about 'MFI' in newspapers. What is the full form of this term, which is used in financial sector? A) Micro Finance Institutions. B) Micro Functional Issues. C) Mutual Funds in India. D) Monetary Forum of India. Show Answer Correct Answer: A) Micro Finance Institutions. 14. Inflation is measured in India on the basis of which index? A) Consumer price index. B) Wholesale price index. C) Retail price index. D) Market forces. Show Answer Correct Answer: B) Wholesale price index. 15. Kelkar Committee Gave recommendations on..... A) Tax Structure Reforms. B) Delisting in Share market. C) Broad Frame work of Insurance Sector. D) Company Law Reforms. Show Answer Correct Answer: A) Tax Structure Reforms. 16. Where the signature of the drawer of a cheque is not genuine, such a cheque is called A) Post dated cheque. B) Stale cheque. C) Forged cheque. D) All of the above. Show Answer Correct Answer: C) Forged cheque. 17. The Agriculture Insurance Company was launched with the help of A) RBI. B) SIDBI. C) NABARD. D) ECGC. Show Answer Correct Answer: C) NABARD. 18. CICs having asset size of 100 crore or above are categorised as which of the following? A) Systemically Important Core Certified Companies. B) Systemically Important Core Investment Companies. C) Systemically Core Investment Companies. D) None of the above. Show Answer Correct Answer: B) Systemically Important Core Investment Companies. 19. Which of the following institutions is involved mainly in granting Housing Loans? A) RBI. B) SBI. C) HDFC. D) ICICI. Show Answer Correct Answer: C) HDFC. 20. Recently Parliament has pass-ed Companies Act 2013. What is NOT true with regard to some of the features of the Act? A) An Individual can set up "One person Private Ltd Company". B) An independent Director can hold 3 consecutive terms of 3 years. C) Listed Companies must have at least 1/3rd independent Directors. D) Prescribed Companies must have at least 1 woman Director on the Board. Show Answer Correct Answer: B) An independent Director can hold 3 consecutive terms of 3 years. ← 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