This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 120 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 120 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Under which act the banks, which are desirous of operating as BBPOUs, need to get the approval? A) Banking & Regulation Act 1949. B) RBI Act 1934. C) Payments & settlement System Act, 2007. D) None of the above. Show Answer Correct Answer: C) Payments & settlement System Act, 2007. 2. What does S stands for in SFMS in relation to NEFT payment method? A) Statutory. B) Systematic. C) Structured. D) Savings. Show Answer Correct Answer: C) Structured. 3. Narrow banking means A) The bank branch which has narrow corridors. B) The bank situated in narrow street. C) The bank which accepts deposits and invests the amount in government securities. D) The bank which only lends loans and not accepts any deposits from the public. Show Answer Correct Answer: C) The bank which accepts deposits and invests the amount in government securities. 4. FRBM Act stands for: A) Fiscal Revenue and Budget Management. B) Foreign Revenue and Business Management. C) Fiscal Responsibility and Budget Management. D) Foreign Responsibility and Budget Management. Show Answer Correct Answer: C) Fiscal Responsibility and Budget Management. 5. Bank Rate is..... A) Rate at which commercial banks borrow long term funds from central Bank. B) Rate at which commercial banks borrow short term funds from central bank. C) Currently Bank rate is 8.5%. D) Both A and C. Show Answer Correct Answer: D) Both A and C. 6. Which of the following rates/ratios is not covered under the RBI monetary and credit policy? A) Bank rate. B) Exchange rate of foreign currencies. C) Repo rate. D) Reverse repo rate. Show Answer Correct Answer: B) Exchange rate of foreign currencies. 7. Which of the following is most liquid measure of money supply in India? A) $M_2$. B) $M_4$. C) $M_1$. D) $M_3$. Show Answer Correct Answer: C) $M_1$. 8. In which of the following accounts, you do not get interest? A) Savings account. B) Current account. C) Both 1 and 2. D) None of the above. Show Answer Correct Answer: B) Current account. 9. Which of the following bill is regarding timely delivery of information & documents like birth & death certificates & revenue records to people & empowering them to file complaints against delays? A) Jan Lokpal Bill. B) Janhit Guarantee Bill. C) Right to Education. D) Jansewa Guarantee Bill. Show Answer Correct Answer: B) Janhit Guarantee Bill. 10. What is the number of digits in IFSC Code? A) 11. B) 15. C) 9. D) 7. Show Answer Correct Answer: A) 11. 11. Any change in flow of funds and the demand of them, is clearly reflected in which of the following? A) Call money market. B) Money market. C) Repo market. D) Commercial bill market. Show Answer Correct Answer: A) Call money market. 12. Expand the term BCBS. A) Bank's Committee on Banking Supervision. B) Basel Committee on Banking Supervision. C) Bank's Commission on Banking Supervision. D) Basel Commission on Banking Supervision. Show Answer Correct Answer: D) Basel Commission on Banking Supervision. 13. Which of these banks was earlier known as UTI Bank? A) IndusInd Bank. B) YES bank. C) ICICI Bank. D) Axis Bank. Show Answer Correct Answer: D) Axis Bank. 14. What are the Pre-Payment charges applied on paying personal loan before tenure period. A) 10% of the Principal. B) 5% of the Principal. C) 1-2% of the Principal. D) 7% of the Principal. Show Answer Correct Answer: C) 1-2% of the Principal. 15. What is the time period for a term loan to be classified as NPA? A) 30 days. B) 60 days. C) 90 days. D) 365 days. Show Answer Correct Answer: C) 90 days. 16. Mutual funds fall within supervisory purview of A) SBI. B) RBI. C) SEBI. D) IRDA. Show Answer Correct Answer: D) IRDA. 17. Liberalized Exchange Rate Management System (LERMS) is effective from which of the following dates? A) June 1, 1993. B) March1, 1993. C) April1, 1993. D) July 1, 1993. Show Answer Correct Answer: B) March1, 1993. 18. We know that RBI is the apex bank of India. Similarly the apex Bank of the USA is: A) Federal Reserve Bank. B) The Central Bank of USA. C) Bank of America. D) Central National Bank of USA. Show Answer Correct Answer: A) Federal Reserve Bank. 19. Which among the following accounts deposit fetch the highest rate of interest? A) Savings deposit. B) Recurring deposit. C) Fixed deposit. D) Current account deposit. Show Answer Correct Answer: C) Fixed deposit. 20. The chief economic advisor to the Government of India has recently changed. Who is the present incumbent? A) Raghurm Rajan. B) Bimal Jalan. C) Rakesh Mohan. D) Kaushik Basu. Show Answer Correct Answer: A) Raghurm Rajan. ← 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