This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 12 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Where is the headquarter of SBI located in India? A) New Delhi. B) Bangalore. C) Chennai. D) Mumbai. Show Answer Correct Answer: D) Mumbai. 2. How many times has financial emergency been declared in India so far? A) 5 times. B) 4 times. C) Once. D) Never. Show Answer Correct Answer: D) Never. 3. Which of these DFI was primarily set up for the development of the Micro, Small and Medium Enterprise (MSME) sector? A) NABARD. B) IDBI. C) SIDBI. D) IFCI. Show Answer Correct Answer: C) SIDBI. 4. What is the name of the ambitious e-governance project of the Union Govt., which was approved by the Union Cabinet recently and which aims to ensure that government services are available to citizens electronically? A) Digital India Project. B) Adhunik Bharat Project. C) Digital Bharat Project. D) Nav Bharat Nirmaan Project. Show Answer Correct Answer: A) Digital India Project. 5. IRDA with its headquarters at.....is the Regulatory Authority for all insurance companies in India including the Life Insurance Corporation of India. A) Hyderabad. B) Bengaluru. C) Mumbai. D) Delhi. Show Answer Correct Answer: A) Hyderabad. 6. Which of the following is NOT a Govt-sponsored organisation? A) Small Industries Development Bank of India. B) NABARD. C) National Housing Bank. D) ICICI Bank. Show Answer Correct Answer: D) ICICI Bank. 7. Under the Ombudsman scheme for NBFC, who is the appellate authority for handling the complaints? A) Any Judge of Supreme Court. B) Deputy Governor. C) Finance Secretary. D) Chief General Manager, RBI. Show Answer Correct Answer: B) Deputy Governor. 8. As we know, the RBI is the apex bank of India. Similarly, the apex Bank of the USA is called..... A) Federal Reserve. B) The Central Bank of USA. C) Bank of America. D) Central National Bank of USA. Show Answer Correct Answer: A) Federal Reserve. 9. Which of the following would not make a distinction between a hire purchase and a RS.normal' purchase? A) Purchaser pays for item by instalments over a period of time. B) Asset does not belong to purchaser when delivery is received from supplier. C) Cost to buyer is likely to be higher than it would be for a normal purchase. D) Trade discounts cannot be offered on hire purchase. Show Answer Correct Answer: D) Trade discounts cannot be offered on hire purchase. 10. Which one of the following countries has launched the "Operation Barkhane" a counter terrorism operation in against Islamist militant in Northern Africa? A) USA. B) Russia. C) France. D) Germany. Show Answer Correct Answer: C) France. 11. Where was Citi Bank India first established its office in 1902? A) Calcutta. B) Bombay. C) Madras. D) Dhaka. Show Answer Correct Answer: A) Calcutta. 12. Microcredit is defined as..... A) It is the small credit given to poor. B) It is the instalment given by Farmers against Loan. C) It is the amount given by Govt. for Small Industries Development. D) None of these. Show Answer Correct Answer: A) It is the small credit given to poor. 13. A non-negotiable crossing is a..... A) Restricted crossing. B) Special crossing. C) Non-transferable crossing. D) None of these. Show Answer Correct Answer: D) None of these. 14. SEBI is related to..... A) Bank. B) Government of India. C) Share Market. D) State Government. Show Answer Correct Answer: C) Share Market. 15. Which nationalised bank was merged with Punjab National bank in 1993? A) Punjab and Sind Bank. B) Ludhiana Area bank. C) Majha united bank. D) New Bank of India. Show Answer Correct Answer: D) New Bank of India. 16. In Negotiable Instruments Act, the Cheque is covered under which section? A) Section 4. B) Section 5. C) Section 6. D) Section 13. Show Answer Correct Answer: C) Section 6. 17. Which are the banks covered under the Banking Ombudsman Scheme, 2006? A) Scheduled Commercial Banks. B) Regional Rural Banks. C) Scheduled Primary Co-operative Banks. D) All of these. Show Answer Correct Answer: D) All of these. 18. Which of the following would be treated as an unsecured loan? A) Agricultural loan. B) Personal loan. C) Educational loan. D) Vehicle loan. Show Answer Correct Answer: B) Personal loan. 19. In the opinion of the Governor of Reserve Bank of India, which one of the following is the reason owing to which india's inflation is accelerating? A) Excess liquidity in market. B) Speculation in essential goods. C) Higher Food cost. D) Commodities Futures. Show Answer Correct Answer: A) Excess liquidity in market. 20. Which of the following is true about merchant bank? A) Underwrites securities for corporations. B) Advice clients on mergers. C) Involved in ownership of commercial ventures. D) All of the above. Show Answer Correct Answer: D) All 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