This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 119 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 119 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. At which place, East India Company established its first presidency bank? A) Madras. B) Calcutta. C) Bombay. D) Surat. Show Answer Correct Answer: B) Calcutta. 2. Which of the following activities cannot be undertaken by a Payments Bank? A) Accept Deposits. B) Payment of Utility Bills. C) Lending Money. D) None of the above. Show Answer Correct Answer: C) Lending Money. 3. Coins upto what amount are called RS.small coins' in India? A) 25 paise. B) 50 paise. C) 1 rupee. D) 2 rupee. Show Answer Correct Answer: B) 50 paise. 4. Scheduled bank means a bank A) Incorporated under the Companies Act, 1956. B) Authorised to transact government business. C) Governed by the Banking Regulation Act, 1949. D) Included in the Second Schedule to the Reserve Bank of India Act, 1934. Show Answer Correct Answer: D) Included in the Second Schedule to the Reserve Bank of India Act, 1934. 5. Which score is considered as the maximum credit score in India? A) 345. B) 750. C) 900. D) 700. Show Answer Correct Answer: C) 900. 6. The most significant feature of ICICI's operations is A) The foreign currency loans sanctioned by it. B) To channelise World Bank Funds to industry in India and to build capital market in India. C) The refinance facilities extended by it. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 7. Which among the following are known as Narrow Money? A) $M_1$ and $M_2$. B) $M_2$ and $M_3$. C) $M_3$ and $M_4$. D) $M_1$ and $M_2$. Show Answer Correct Answer: A) $M_1$ and $M_2$. 8. Which of the following is most similar to a stock broker? A) Floor broker. B) Futures commission merchant. C) Local. D) Pit trader. Show Answer Correct Answer: B) Futures commission merchant. 9. When did the Banking Regulation Act come into effect? A) 16th March 1949. B) 10th March 1949. C) 12th March 1950. D) 6th March 1950. Show Answer Correct Answer: A) 16th March 1949. 10. What is the total No. of PSEs companies listed in Navratna status? A) 9. B) 10. C) 16. D) 12. Show Answer Correct Answer: C) 16. 11. National Food Security Mission was launched in the year..... A) 2005-06. B) 2006-07. C) 2007-08. D) 2008-09. Show Answer Correct Answer: C) 2007-08. 12. Non-bank entities must have net worth of at least how much to be eligible for operating white label ATMs: A) Rs. 100 cr. B) Rs. 200 cr. C) Rs. 300 cr. D) Rs. 400 cr. Show Answer Correct Answer: A) Rs. 100 cr. 13. What is the minimum paid-up capital requirements for Small Finance Banks? A) Rs 100 crore. B) Rs 200 crore. C) Rs 50 crore. D) Rs 10 crore. Show Answer Correct Answer: A) Rs 100 crore. 14. In the recent Union Budget 2014-15, Agriculture University will be set up in? A) Haryana & Punjab. B) Uttar Pradesh & Bihar. C) Gujarat & Maharashtra. D) Andhra Pradesh & Rajasthan. Show Answer Correct Answer: D) Andhra Pradesh & Rajasthan. 15. Why were Banks nationalised in India? A) To borrow money from USA. B) To follow the IMF guidelines. C) To provide the government of India more control of credit delivery. D) All of the above. Show Answer Correct Answer: C) To provide the government of India more control of credit delivery. 16. A bank normally does not have to deal with an issue related to [Indian Bank 2010] A) Payments and settlement systems. B) Contractual rights of creditors. C) Intellectual property rights. D) Cases of insolvency. Show Answer Correct Answer: C) Intellectual property rights. 17. Which among the following defines a non performing asset? A) In a loan account, the principal due has not been paid for more than ninety days. B) In a loan account, the interest due has not been paid for more than ninety days. C) Both A and B. D) Assets that have not been commented upon by the bank auditors. Show Answer Correct Answer: C) Both A and B. 18. The beneficiaries of Micro finance business are..... A) Land Less labour. B) Marginal farmers. C) Vendors in the small markets. D) All the above. Show Answer Correct Answer: D) All the above. 19. Which of the following terms is not used in banking world? A) Credit. B) Rate. C) Financial status. D) Absolute zero. Show Answer Correct Answer: D) Absolute zero. 20. Stagflation refers to..... A) High inflation in periods of full employment. B) High deflation in periods of high unemployment. C) Deflation in periods of stagnant employment. D) High inflation in periods of high unemployment. Show Answer Correct Answer: D) High inflation in periods of high unemployment. ← 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