This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 116 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 116 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following banks launched the first mutual fund in India? A) State Bank of India. B) Canara Bank. C) Indian Bank. D) Bank of India. Show Answer Correct Answer: B) Canara Bank. 2. Which section was added in the Banking regulation Act to include the Cooperative Banks under its purview? A) Section 61. B) Section 56. C) Section 35. D) Section 28. Show Answer Correct Answer: B) Section 56. 3. Which of the following is the situation when the units of a close-ended fund can be bought? A) At the launch. B) At any time. C) At redemption. D) Depends upon the fund type. Show Answer Correct Answer: A) At the launch. 4. Which of the following is an example of NBFCs? A) Unit Trust of India. B) Life Insurance Corporation. C) General Insurance Corporation. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. With an aim to provide better services to the debit card holders, the Reserve Bank of India (RBI) has directed all commercial and public sector banks to introduce new Automated Teller Machines (ATM) that can deliver lower denomination notes such as? A) Rs 10. B) Rs. 20. C) Rs. 50. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. Which of these cannot be issued by a Payment bank? A) ATM card. B) Debit card. C) Credit card. D) All of the above. Show Answer Correct Answer: C) Credit card. 7. Banks borrow money from the RBI on which of the following rates? [Allahabad Bank 2011] A) Reverse Repo Rate. B) Repo Rate. C) SLR. D) CRR. Show Answer Correct Answer: B) Repo Rate. 8. Expand the term CCEA as used in administrative circles. A) Cabinet Committee on External Affairs. B) Cabinet Committee on Economic Affairs. C) Cabinet Council on External Affairs. D) Cabinet Council on Economic Affairs. Show Answer Correct Answer: D) Cabinet Council on Economic Affairs. 9. Many times, we read a term 'ISO'. What is the full form of the same? A) International Social Organisation. B) Insurance and Social Obligations. C) International Space Organisation. D) International Standards Organisation. Show Answer Correct Answer: D) International Standards Organisation. 10. Which of amongst the following is not the aim of Debt Management? A) Stabilizing prices. B) Social service fund. C) Proper timing & issuing of government bonds. D) Cost effective services. Show Answer Correct Answer: B) Social service fund. 11. What is the full form of REER? A) Real Earning Emergent Ratio. B) Real Elective Effective Ratio. C) Real Effective Exchange Rate. D) Role Effective Earned Rate. Show Answer Correct Answer: C) Real Effective Exchange Rate. 12. Structure of Basel II is based on how many pillars? [Indian Overseas Bank 2011] A) Two. B) Ten. C) Four. D) Three. Show Answer Correct Answer: D) Three. 13. Which of the following operations are undertaken by Small Finance Banks? A) Accepting Deposits. B) Disbursing small loans. C) Sell Insurance Products. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. Reserve Bank of India was setup on the recommendations of which of the following commission/committee? A) Royal Commission. B) Hilton Young Commission. C) Dantwala Committee. D) D R Mehta Commission. Show Answer Correct Answer: B) Hilton Young Commission. 15. As per the rarget for the 11th Five Year Plan, educated unemployment is to be reduced to which of the following levels? [Corporation Bank 2011] A) 9%. B) 6%. C) 7%. D) 0.05. Show Answer Correct Answer: D) 0.05. 16. On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than A) Rs 25 crore. B) Rs 50 crore. C) Rs 85 crore. D) Rs 100 crore. Show Answer Correct Answer: D) Rs 100 crore. 17. Consider the following statements and identify the right ones. i. Deposits are created by banks and financial institutions. Ii. They constitute the major source of money supply in India. A) I only. B) II only. C) Both. D) None. Show Answer Correct Answer: C) Both. 18. Banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called.....[SBI Bank 2013] A) Statutory Liquidity Ratio. B) Cash Reserve Ratio. C) Bank Deposit. D) Reserve Repo. Show Answer Correct Answer: B) Cash Reserve Ratio. 19. Which of the following is not a part of India's Money Market? A) Money Lenders. B) Indian Gold Council. C) Bill Markets. D) Banks. Show Answer Correct Answer: B) Indian Gold Council. 20. Govt of India has created a special fund called India Micro Finance Equity Fund of Rs. 100 crores. The fund is maintained by A) IDBI Bank. B) RBI. C) ECGC. D) SIDBI. Show Answer Correct Answer: D) SIDBI. ← 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