This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 117 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 117 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is NOT true with regard to 'Carbon Credit'? A) It represents the right of an Industry to emit certain quantity of Carbon Dioxide. B) Carbon Credits mechanism was formalized in Kyoto Protocol. C) Carbon Credits are currently traded on 5 exchanges across the globe. D) None of the above. Show Answer Correct Answer: D) None of the above. 2. Which of the following is called "paper gold"? A) Euro. B) Dollar. C) Yuan. D) SDR. Show Answer Correct Answer: D) SDR. 3. Which one of the following is not a Quantitative credit control measure of the Reserve Bank of India? A) Bank rate. B) Statutory cash reserve requirement. C) Statutory liquidity ratio. D) Moral Suasion. Show Answer Correct Answer: D) Moral Suasion. 4. In bank's parlance, credit risk in lending is A) Default of the banker to maintain CRR. B) Default of the banker to maintain SLR. C) Default of the banker to release credit to the customer. D) Default of the customer to repay the loan. Show Answer Correct Answer: D) Default of the customer to repay the loan. 5. Which of the following is NOT a function of a bank? A) Providing project finance. B) Selling Mutual Funds. C) Deciding policy rates like CRR, Repo Rate/SLR etc. D) Settlement of payments of behalf of the customers. Show Answer Correct Answer: C) Deciding policy rates like CRR, Repo Rate/SLR etc. 6. Refinance facility is provided by NABARD. Which institutions can avail this facility? A) State cooperative banks. B) Regional rural banks. C) Commercial bank. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. Which of the following does not form a part of the foreign exchange reserves of India? A) Foreign currency & securities held by the banks & corporate bodies. B) Gold. C) SDR. D) Foreign currency assets. Show Answer Correct Answer: A) Foreign currency & securities held by the banks & corporate bodies. 8. The Global Hunger Index is compiled by the A) Food and Agricultural Organisation. B) United Nations Development Programme. C) International Food Policy Research Institute. D) United Nations World Food Programme. Show Answer Correct Answer: C) International Food Policy Research Institute. 9. National Housing Bank is wholly owned by which of the following institutions? A) RBI. B) SEBI. C) SBI. D) None of the Above. Show Answer Correct Answer: A) RBI. 10. In which year did second phase of nationalization of banks took place? A) 1969. B) 1979. C) 1980. D) 1990. Show Answer Correct Answer: C) 1980. 11. Which of the following institutions issue the Special Drawing Rights? A) IMF. B) World Bank. C) RBI. D) BIS. Show Answer Correct Answer: A) IMF. 12. Financial inclusion means which of the following? A) Retail banking. B) Bringing all poor people under banking net. C) Financial statements. D) Wholesale banking. Show Answer Correct Answer: B) Bringing all poor people under banking net. 13. Which one is not a finance company? A) Hire-purchase finance company. B) Mutual Benefit finance companies. C) IRDA. D) Loan companies. Show Answer Correct Answer: C) IRDA. 14. Which of the following enacted a revised regulatory framework regarding CIC? A) MFI. B) SEBI. C) RBI. D) None of the above. Show Answer Correct Answer: C) RBI. 15. Which bank launched India's first loan disbursement card? A) SBI. B) UTI. C) IDBI. D) ICICI. Show Answer Correct Answer: D) ICICI. 16. What is meant by "Underwriting", the term frequently used in financial sector? [Punjab & Sindh 2011] A) Undervaluation of the assets. B) The act of taking on a risk for a fee. C) Giving a Guarantee that a loan will not become a bad loan. D) The act of permission to float an IPO. Show Answer Correct Answer: B) The act of taking on a risk for a fee. 17. In which year the Royal Commission on Indian Currency and Finance recommended the creation of a central bank for India? A) 1926. B) 1927. C) 1928. D) 1929. Show Answer Correct Answer: A) 1926. 18. According to the latest World Development Indicators (WDI) data, public spending on health and education in India is .....percent of country's GDP. Fill the blank with correct option? A) 8.5. B) 4.7. C) 7. D) 8.9. Show Answer Correct Answer: B) 4.7. 19. The effect of a crossing a cheque is A) The payee can obtain payment only through a bank account. B) The payee Is compelled to open an account. C) The payee will have to endorse the cheque to a bank. D) None of these. Show Answer Correct Answer: A) The payee can obtain payment only through a bank account. 20. What amount of Gold RBI needs to maintain under the Minimum Reserve System? A) Rs 150 crore. B) Rs 200 crore. C) Rs 115 crore. D) Rs 100 crore. Show Answer Correct Answer: C) Rs 115 crore. ← 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