This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 122 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 122 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Banking Ombudsman charge how much fee for filing and resolving customers' complaints? A) No Fee. B) Rs. 100. C) Rs. 200. D) Rs. 500. Show Answer Correct Answer: A) No Fee. 2. .....is India's largest Wide Area Network. A) RBINET. B) NICNET. C) INET. D) Bank Net. Show Answer Correct Answer: B) NICNET. 3. As we all know that Reserve Bank of India manages the circulation of currency. In this context which of the following decides the currency denomination value? A) Planning Commission. B) Reserve Bank of India Itself. C) Government of India. D) Finance Commission. Show Answer Correct Answer: C) Government of India. 4. Insurance service provided by various banks is commonly known as..... A) Investment Banking. B) Risk Management. C) Merchant Banking. D) Bancassurance. Show Answer Correct Answer: D) Bancassurance. 5. Which section of RBI is not correctly matched? A) Section 26-describes the legal tender character of Indian bank notes. B) Section 18-manner in which RBI can conduct business. C) Both A and B. D) None. Show Answer Correct Answer: B) Section 18-manner in which RBI can conduct business. 6. With which bank did Sangli Bank merge in 2006? A) ICICI Bank. B) HDFC Bank. C) Axis Bank. D) SBI. Show Answer Correct Answer: A) ICICI Bank. 7. In pursuance of the recommendations of Narsimhan Committee, the RBI has framed new guidelines A) To govern entry of new private sector banks to make the banking sector more competitive. B) To reduce the freedom given to banks to rationalize their existing branch network. C) To set up more foreign exchange banks. D) To lend more easily for industrial development. Show Answer Correct Answer: A) To govern entry of new private sector banks to make the banking sector more competitive. 8. What is 'Net Interest Margin' of a Bank? A) Margin of Interest earned on Trading in Govt Securities. B) Difference between the Base Interest Rate and the Average Lending Rate. C) Difference between the interest income and the amount of interest paid out. D) Difference between Interest on Term Loans and Interest on Cash Credits. Show Answer Correct Answer: C) Difference between the interest income and the amount of interest paid out. 9. Interest on Savings deposit nowadays is.....[SBI Bank 2013] A) Fixed by RBI. B) Fixed by the respective Banks. C) Fixed by the Depositors. D) Fixed as per the contract between Bank and the Consumer Court. Show Answer Correct Answer: B) Fixed by the respective Banks. 10. Which of the following is an employmentcreating programme of the Govt of India? A) MNREGA. B) Bharat Nirman. C) Kalpana-I. D) ASHA. Show Answer Correct Answer: A) MNREGA. 11. Which one of the following agencies is not included in the operation of the Kisan Credit Cards? A) Scheduled Commercial Banks. B) Co-operative Banks. C) Regional Rural Banks. D) NABARD. Show Answer Correct Answer: D) NABARD. 12. Which of the following is true about Cooperative Banks? A) They are established under the Cooperative Societies Act. B) They have profit as their main motive. C) All are scheduled banks. D) All of the above. Show Answer Correct Answer: A) They are established under the Cooperative Societies Act. 13. Which of the following is NOT a foreign bank working in India? [Vijaya Bank 2008] A) HSBC. B) Barclays. C) Standard Chartered. D) Yes Bank. Show Answer Correct Answer: D) Yes Bank. 14. Which of the following statements is incorrect regarding a minor? A) A minor is a person who has not attained the gas of 18. B) Minor does not have legal capacity to enter into a contract. C) A current account in the name of minor can be opened when guardian of the minor operates this account. D) A minor's account should never be allowed to be overdrawn. Show Answer Correct Answer: C) A current account in the name of minor can be opened when guardian of the minor operates this account. 15. Which of the following is the benefit of credit-rating to investors? A) Safeguard against bankruptcy. B) Saving of resources. C) Credibility of issues. D) All of the above. Show Answer Correct Answer: D) All of the above. 16. What do we call the guarantee given by the bank for a payment when the buyer is not able to pay the required amount of money to the seller? A) Letter of Credit. B) Bank Guarantee. C) Bill of Lading. D) None of the above. Show Answer Correct Answer: B) Bank Guarantee. 17. Which of the following commissions setup by the President of India decides the distribution of tax incomes between the Central and State Governments? A) Central Law Commission. B) Pay Commission for Government Employees. C) Administrative Reforms Commission. D) Finance Commission. Show Answer Correct Answer: D) Finance Commission. 18. Which of the following is defined as a central location for keeping securities on deposit? A) Institutions. B) Depository. C) Instrument. D) None of the above. Show Answer Correct Answer: B) Depository. 19. What does the letter P denote in the term 'PAN', which is issued by the Income Tax Department? A) Provisional. B) Private. C) Personal. D) Permanent. Show Answer Correct Answer: D) Permanent. 20. Which of the following terms is not used in Economics? A) Balance of Payment. B) Call Money. C) National Debt. D) Boyle's Law. Show Answer Correct Answer: D) Boyle's Law. ← 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