This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 118 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 118 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. If an Indian Citizen renting a flat in London it is to be included in . A) GDP of India. B) GNP of London. C) GNP of India. D) GDP of London. Show Answer Correct Answer: D) GDP of London. 2. Where was the first printing press for bank notes setup in India? A) Bhopal. B) Pune. C) New Delhi. D) Nasik. Show Answer Correct Answer: D) Nasik. 3. RTGS stands for A) Real Time Gross Settlement. B) Real type General scheme. C) Real Type gross settlement system. D) Real time Gross system. Show Answer Correct Answer: A) Real Time Gross Settlement. 4. Small loans provided by the Banks to very poor families without any collateral security is popularly known as A) Personal finance. B) Project finance. C) Macro finance. D) Micro finance. Show Answer Correct Answer: D) Micro finance. 5. What is the repayment period for the Home loan for a NRI? A) 30 Years. B) 40 Years. C) 60 Years. D) 65 Years. Show Answer Correct Answer: A) 30 Years. 6. Which of the following happened to be the first private bank in India to receive an in-principle approval from RBI? A) HDFC Bank. B) ICICI Bank. C) Yes Bank. D) United Western Bank. Show Answer Correct Answer: A) HDFC Bank. 7. Interest below which a bank is not expected to lend to customers is known as . A) Deposit Rate. B) Base Rate. C) Prime Lending Rate. D) Bank Rate. Show Answer Correct Answer: B) Base Rate. 8. In pension plans for employees, special account through which funds are remained nontaxable until employee retires is classified as? A) Keogh retirement account. B) Vesting account. C) Portability account. D) Individual retirement account. Show Answer Correct Answer: D) Individual retirement account. 9. Which of the following is not the currency included in the SDR basket? A) Japanese Yen. B) U.S. Dollar. C) Chinese Yuan. D) Brazil Real. Show Answer Correct Answer: D) Brazil Real. 10. What is the upper age limit for Pradhan Mantri Jeevan Jyoti Bima Yojana renewable insurance scheme? A) 55 years. B) 60 years. C) 65 years. D) 50 years. Show Answer Correct Answer: D) 50 years. 11. All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC. What is the full form of DICGC? A) Deposit Insurance and Credit Guarantee Company. B) Deposit Insurance and Credit Guarantee Corporation. C) Direct Insurance and Credit Guarantee Corporation. D) Direct Insurance and Credit Guarantee Company. Show Answer Correct Answer: B) Deposit Insurance and Credit Guarantee Corporation. 12. Interest on Government securities on fixed basis is known as A) Bank rate. B) Coupon. C) Prime Lending Rate. D) Bench mark PLR. Show Answer Correct Answer: B) Coupon. 13. Which one of the following statements is true regarding IMF? A) It is not an agency of UNO. B) It can grant loan to any country of the world. C) It can grant loan to State Government of a country. D) It grants loan only to member nations. Show Answer Correct Answer: D) It grants loan only to member nations. 14. Forced saving refers to..... A) Taxes on individual income & wealth. B) Compulsory deposits imposed on income tax payers. C) Provident fund contributions of private sector employees. D) Reduction of consumption consequent to a rise in prices. Show Answer Correct Answer: B) Compulsory deposits imposed on income tax payers. 15. Opening of maximum number of ATMs is an example of A) Indirect marketing. B) Direct marketing. C) Social marketing. D) All of these. Show Answer Correct Answer: B) Direct marketing. 16. Money market is a market for debt securities that pay off in the short term A) Usually less than two years. B) Usually less than three years. C) Usually less than one year. D) Usually less than five years. Show Answer Correct Answer: C) Usually less than one year. 17. Which of these payment modes can be used for payment over BBPS? A) Cash. B) Transfer Cheques. C) Electronic modes. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. The Union Budget for 1995-96 proposed the creation of RIDF in NABARD, with a corpus of Rs. 2, 000 cr. What is the full form of RIDF? A) Rural India Decoration Forum. B) Research and Industrial Development Forum. C) Rural Infrastructure Development Fund. D) Research and Industrial Development Fund. Show Answer Correct Answer: C) Rural Infrastructure Development Fund. 19. In case of FCNR (2) Scheme, the period for fixed deposits is A) As applicable to resident accounts. B) For terms not less than 1 year and not more than 5 years. C) For terms not less than 2 years and not more than 6 years. D) At the discretion of the bank. Show Answer Correct Answer: B) For terms not less than 1 year and not more than 5 years. 20. What is not a mechanisms that contributes to the success of micro credits? A) Dynamic incentives. B) Peer monitoring. C) Regular repayment schedules. D) Collaterals. Show Answer Correct Answer: D) Collaterals. ← 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