This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 115 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 115 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Who among the following serves as the holder of debenture stock for the benefit of another party? A) Company's trustee. B) Debenture trustee. C) Bond trustee. D) SEBI. Show Answer Correct Answer: B) Debenture trustee. 2. Credit cards are known as A) Hard money. B) Easy money. C) Soft money. D) Plastic money. Show Answer Correct Answer: D) Plastic money. 3. Who among the following cannot open 'No Frill Account' in a bank? A) Agricultural labourer. B) Student. C) A small firm selling white goods. D) Farmer. Show Answer Correct Answer: C) A small firm selling white goods. 4. Mutual funds in India are permitted to invest in which of the followings? A) Securities. B) Securities and Gold. C) Securities other than Real Estate. D) Securities, Gold and Real Estate. Show Answer Correct Answer: D) Securities, Gold and Real Estate. 5. How much percent of foreign investment is allowed for NBFC? A) 50%. B) 25%. C) 100%. D) 0%. Show Answer Correct Answer: C) 100%. 6. The main source of National Income of India is A) Service sector. B) Agriculture. C) Industrial sector. D) Trade sector. Show Answer Correct Answer: A) Service sector. 7. National Bank for Agriculture and Rural Development (NABARD) recently reduced the refinance rates for the banks and other lending agencies by 0.20 percent. The NABARD was established on the recommendation of which committee? A) Narendran Commission. B) Mukherjee Commission. C) Justice Shah Commission. D) B. Sivaraman Committee. Show Answer Correct Answer: D) B. Sivaraman Committee. 8. National Housing Bank was set up on July 9, 1988 under which among the following acts? A) National Housing Bank Act, 1985. B) National Housing Bank Act, 1986. C) National Housing Bank Act, 1987. D) None of the Above. Show Answer Correct Answer: C) National Housing Bank Act, 1987. 9. What is not an innovation likely to explain the high repayment rates of Micro Credit Programmes? A) Promising larger and larger loans for borrowers in good standing. B) Public repayments. C) Strong competition between numerous Micro Credit Programmes to reduce interest rates. D) Starting repayments before investments are likely to have borne fruit. Show Answer Correct Answer: C) Strong competition between numerous Micro Credit Programmes to reduce interest rates. 10. What does the letter 'F' denote in the abbreviated name 'IIFCL'? A) Functional. B) Foreign. C) Forwarded. D) Finance. Show Answer Correct Answer: D) Finance. 11. Which of the following is not true about Payments Bank? A) Payments bank can issue ATM/debit cards but not credit cards. B) Payments Bank can give a loan of up to only Rs 1 lakh. C) Initial capital required for a Payments Bank is Rs 100 crore. D) Payments Bank must maintain Cash Reserve Ration (CRR) as decided by RBI. Show Answer Correct Answer: B) Payments Bank can give a loan of up to only Rs 1 lakh. 12. Which one of the following is a SelfEmployment Programme for Educated Unemployed Youth? A) Prime Minister's Rozgar Yojana. B) Swarn Jayanti Sahakari Rozgar Yojana. C) National Social Assistance Programme. D) Swarn Jayanti Gram Swarozgar Yojana. Show Answer Correct Answer: A) Prime Minister's Rozgar Yojana. 13. Who was the Prime Minister of India when Banking Nationalization was done in 1969? A) Jawahar Lal Nehru. B) Indira Gandhi. C) Rajiv Gandhi. D) Narsimha Rao. Show Answer Correct Answer: B) Indira Gandhi. 14. POSCO is a company which manufactures A) Cement. B) Pharma products. C) Sugar. D) Steel. Show Answer Correct Answer: D) Steel. 15. In which year, Nationalization of Reserve Bank of India was done? A) 1947. B) 1948. C) 1949. D) 1950. Show Answer Correct Answer: C) 1949. 16. The RBI has adopted.....model, in which mobile banking is promoted through business correspondents of banks. A) Bank Led. B) Bank Mobile. C) Mobile. D) All of these. Show Answer Correct Answer: D) All of these. 17. The early growth of merchant banking in the country is assigned to the which of the following? A) Foreign Exchange Regulation Act, 1973. B) Securities Contracts Act. C) Income-tax Act. D) FEMA. Show Answer Correct Answer: A) Foreign Exchange Regulation Act, 1973. 18. A non-performing asset is.....[SBI Bank 2013] A) Money at call and short notice. B) An asset that ceases to generate income. C) Cash balance in till. D) Cash balance with RBI. Show Answer Correct Answer: B) An asset that ceases to generate income. 19. The Reverse Mortgage scheme is launched to give benefit to which of the following groups of the society? A) Govt employees. B) Senior citizens. C) Unemployed youth. D) War widows. Show Answer Correct Answer: B) Senior citizens. 20. How many types of primary agricultural credit societies are there in our country? A) Large-size societies which include Rural Banks, Agricultural Banks and credit unions. B) Service co-operative. C) Other small size societies. D) None of the above. Show Answer Correct Answer: D) None of the above. ← 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