This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 114 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 114 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How many Payment banks were approved by RBI in 2015? A) 7. B) 11. C) 41. D) 9. Show Answer Correct Answer: B) 11. 2. Which of the following bodies promoted Securities Trading Corporation of India Limited (STCI) jointly with the Public Sector Banks? A) Securities Exchange Board of India. B) ICICI Ltd. C) IDBI Ltd. D) Reserve Bank of India. Show Answer Correct Answer: D) Reserve Bank of India. 3. India's Foreign Exchange Reserve is maintained by which of the following institutions? A) RBI. B) NABARD. C) Central Government. D) IMF. Show Answer Correct Answer: A) RBI. 4. Till when the RBI served as the central bank of Pakistan? A) August 1947. B) January 1950. C) June 1948. D) November 1949. Show Answer Correct Answer: C) June 1948. 5. Which of the following is an easy way of providing credit to the farmer community? A) Kisan Credit Card. B) Indira Vikas Patra. C) National Saving Certificates. D) Loan against gold. Show Answer Correct Answer: A) Kisan Credit Card. 6. What is Retail Banking? A) Where transactions are held with other banks. B) Where transactions are held directly with individuals. C) Where transactions are held with other big corporations. D) All of the above. Show Answer Correct Answer: B) Where transactions are held directly with individuals. 7. The co-operative credit societies have a A) Two-tier structure. B) Three-tier structure. C) Four-tier structure. D) Five-tier structure. Show Answer Correct Answer: B) Three-tier structure. 8. Which one of the following denomination of plastic notes is proposed to be introduced by RBI? A) 5. B) 10. C) 20. D) 50. Show Answer Correct Answer: B) 10. 9. Currency notes deposited in the currency chest are the property of.....? A) Respective bank. B) RBI. C) SBI. D) Government of India. Show Answer Correct Answer: B) RBI. 10. Which of the following organisations issues the rules of global trade? A) World Bank. B) World Trade Organisaton. C) Foreign Exchange Dealers Association. D) Directorate General of Foreign Trade. Show Answer Correct Answer: B) World Trade Organisaton. 11. What does ZED stand for in the context of MSMEs and certification in manufacturing? A) Zero Defect Zero Effect. B) Zero Effect Zero Defect. C) Zero Effectiveness Zero Defectiveness. D) Zero Delays Zero Effect. Show Answer Correct Answer: A) Zero Defect Zero Effect. 12. The Reserve Bank of India is regularly revising upwards the repo and reverse repo rates. Why is this being resorted to? A) To check inflationary pressures in the economy. B) To Curb growth of black money. C) To encourage rise in interest rates on deposits. D) To make bank loan costiler. Show Answer Correct Answer: A) To check inflationary pressures in the economy. 13. Reserves which can act as a liquidity buffer for commercial banks during crisis times are A) CAR. B) SLR. C) CAR and CRR. D) CRR and SLR. Show Answer Correct Answer: D) CRR and SLR. 14. National Income indicates A) The number of families below poverty line. B) Goods and Services in Economy. C) Growth of Economy. D) B and C. Show Answer Correct Answer: D) B and C. 15. Which of the following is true about "White Card"? A) It is related to companies producing milk products. B) It does not carry on its face, the brand of the issuer. C) It is meant to covert blank money into the economy. D) It is a card that provides white money. Show Answer Correct Answer: B) It does not carry on its face, the brand of the issuer. 16. On how much amount of interest repayment, an income tax rebate is available in India? A) 1.5 lakh per annum. B) 2 lakh per annum. C) 3 lakh per annum. D) 2.5 lakh per annum. Show Answer Correct Answer: A) 1.5 lakh per annum. 17. How much Cash pay out can be transferred in India? A) Rs. 40, 000/. B) Rs. 50, 000/. C) Rs. 10, 00, 000/. D) Rs. 10, 000/-. Show Answer Correct Answer: B) Rs. 50, 000/. 18. The nature of convertibility of the Indian Economy is..... A) Convertibility at capital account. B) Convertibility at trade account. C) Free Convertible. D) Convertibility at current account. Show Answer Correct Answer: D) Convertibility at current account. 19. Which of the following in not included in M2? A) Currency and coins. B) Corporate bonds held by firms and individuals. C) Demand deposits. D) Money market mutual fund shares. Show Answer Correct Answer: B) Corporate bonds held by firms and individuals. 20. UIDAI is a stauatory authority formed under which of the following? A) Niti Aayog. B) Home Ministry. C) Ministry of Communication and Information Technology. D) Ministry of Statisctics and Programmme Implementation. Show Answer Correct Answer: C) Ministry of Communication and Information Technology. ← 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