This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 123 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 123 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Money Laundering refers to A) Conversion of assets into cash. B) Conversion of money which is illegally obtained. C) Conversion of cash into gold. D) Conversion of gold into cash. Show Answer Correct Answer: B) Conversion of money which is illegally obtained. 2. Which Union Budget had first proposed the setting up of PDMA? A) Budget 2011-12. B) Budget 2012-13. C) Budget 2013-14. D) Budget 2014-15. Show Answer Correct Answer: A) Budget 2011-12. 3. Who was the head of review committee on underwriting rules and regulation? A) Shri Vallabh Bhansali. B) C. Rangarajan. C) Urjit Patel. D) Nandan Nilekani. Show Answer Correct Answer: A) Shri Vallabh Bhansali. 4. On which one of the following issues has IMF supported monetary policy of India? A) Introduction of GST. B) Stimulus for agriculture sector. C) Concessions for foreign investment. D) Tightening of monetary policy. Show Answer Correct Answer: D) Tightening of monetary policy. 5. Which of the following does not have savings account? A) NRE Account. B) NRO Account. C) FCNR(B) Account. D) Both (A) and C. Show Answer Correct Answer: C) FCNR(B) Account. 6. Regional Rural Banks (RRBs) are classified as A) Scheduled commercial banks. B) Subsidiaries of the sponsor banks. C) Subsidiaries of NABARD. D) All of the above. Show Answer Correct Answer: A) Scheduled commercial banks. 7. What is LRS a2? A) LRS Modulation. B) LRS activation. C) LRS Declaration. D) None of the above. Show Answer Correct Answer: C) LRS Declaration. 8. Banking Ombudsman Scheme is applicable to the business of A) All scheduled commercial banks excluding RRBs. B) All scheduled commercial banks including RRBs. C) Only public sector banks. D) All banking companies. Show Answer Correct Answer: B) All scheduled commercial banks including RRBs. 9. Banks usually collect penal rate of interest on.....for the premature withdrawal of fixed deposits? A) Principal. B) Rate of interest. C) Minimum deposit amount. D) Maturity amount. Show Answer Correct Answer: B) Rate of interest. 10. Per capita income is obtained by dividing National Income by A) Total population of the country. B) Total working population. C) Area of the country. D) Volume of the capital used. Show Answer Correct Answer: A) Total population of the country. 11. What is the Banking combining banking and consultancy services called as? A) Unit Banking. B) Merchant Banking. C) Narrow Banking. D) Wholesale Banking. Show Answer Correct Answer: B) Merchant Banking. 12. A Bill of Exchange in which a bank orders its branch or another bank, as the case may be, to pay a specified amount to a specified person or to the order of the specified person is called A) Cheque. B) Bankdraft. C) Promissory note. D) Insurance. Show Answer Correct Answer: C) Promissory note. 13. Which of these committees in 1945 recommended the setting up of a Cooperative Training College in every state? A) Saraiya Committee. B) Machalan Committee. C) Narsimaham Committee. D) Rajagopalachari Committee. Show Answer Correct Answer: A) Saraiya Committee. 14. Which of the following agencies was set up to promote new technological inputs in rural sector? A) CAPART. B) HUDCO. C) SIDBI. D) IDBI. Show Answer Correct Answer: A) CAPART. 15. SMERA has been registered under which of the following Acts? A) Securities and Exchange Board of India Act, 1992. B) Reserve Bank of India Act, 1934. C) Banking Regulation Act, 1949. D) Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. Show Answer Correct Answer: D) Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. 16. Which of the following is the management of securities of the corporate sector offered to the public on a regular basis? A) Corporate Issues Management. B) Public Issues Management. C) Securities Issues Management. D) Private Issues Management. Show Answer Correct Answer: B) Public Issues Management. 17. The Reserve Bank of India recently announced its decision to reduce the number of mandated free transactions for savings bank account holders at other bank ATMs located in six metro cities from five to three per month. This reduction would come into effect from which date? A) 1 October 2014. B) 25 October 2014. C) 1 November 2014. D) 1 December 2014. Show Answer Correct Answer: C) 1 November 2014. 18. NBFCs are required to accept public deposit for a maximum period of how many months? A) 36 months. B) 60 months. C) 48 months. D) 120 months. Show Answer Correct Answer: B) 60 months. 19. Basel Norms are related with further strengthening and performance of A) Public sector manufacturing units. B) Banking industry. C) Educational institutes. D) Hotels. Show Answer Correct Answer: B) Banking industry. 20. Which of the following is the largest bank in the world in terms of market capitalization? A) China Construction Bank. B) Industrial & Commercial Bank of China. C) Wells Fargo & Co. D) Bank of America. Show Answer Correct Answer: B) Industrial & Commercial Bank of China. ← 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