This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 124 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 124 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Bancassurance is [Corporation Bank 2011] A) An insurance scheme to insure bank deposits. B) An insurance scheme exclusively for the employees of banks. C) A composite finacial service offering both banking and insurance products. D) None of these. Show Answer Correct Answer: D) None of these. 2. Bank rate means A) The rate of interest charged by commercial banks on advances. B) The rate at which commercial banks discount bills of exchange for their clients. C) The rate of interest allowed by banks on the deposits. D) The standard rate at which the Reserve Bank of India is prepared to buy or rediscount bills of exchange other commercial paper eligible for purchase under the Reserve Bank of India Act, 1934. Show Answer Correct Answer: D) The standard rate at which the Reserve Bank of India is prepared to buy or rediscount bills of exchange other commercial paper eligible for purchase under the Reserve Bank of India Act, 1934. 3. External Commercial Borrowings is a part of..... A) Balance of Payment. B) Balance of Trade. C) Current Account. D) Capital Account. Show Answer Correct Answer: D) Capital Account. 4. Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes? A) USD. B) JPY. C) Euro. D) CAD. Show Answer Correct Answer: A) USD. 5. Which of the following provides a unified "Kisan Card" issued by banks across the country under Kisan Credit Card, enabling farmers to transact business on ATMs and POS terminals? A) RuPay Card. B) Maestro Card. C) Forex Card. D) None of The Above. Show Answer Correct Answer: A) RuPay Card. 6. How many payments banks have actually started operations since RBI has granted the in-principle approval? A) 3. B) 5. C) 9. D) 6. Show Answer Correct Answer: D) 6. 7. When was the SARFAESI Act enacted? A) 2004. B) 2006. C) 1999. D) 2002. Show Answer Correct Answer: D) 2002. 8. Which of the following is the largest Housing Finance Company in India? A) SBI. B) HDFC. C) HUDCO. D) IHFL. Show Answer Correct Answer: B) HDFC. 9. Loan disbursed by an NBFC-MFI to a borrower with a rural household annual income should not exceed how much amount? A) Rs. 1, 00, 000. B) Rs. 2, 00, 000. C) Rs. 4, 00, 000. D) Rs. 3, 00, 000. Show Answer Correct Answer: A) Rs. 1, 00, 000. 10. Which of the following is not considered as negotiable instrument underthe Negotiable Instruments Act, 1881? A) Bill of Exchange. B) Promissory Note. C) Share Certificate. D) Cheque Payable to Bearer. Show Answer Correct Answer: D) Cheque Payable to Bearer. 11. What was the objective of Y H Malegam committee set up by RBI? A) Review of Poverty Line. B) Licensing of Small Finance Banks. C) Monitoring of bad loans. D) None of the above. Show Answer Correct Answer: C) Monitoring of bad loans. 12. The society for world-wide inter-bank financial telecommunication (SWIFT) A) Was registered as a company in Belguim. B) Is a bank-owned non-profit co-operative society. C) Became operational in May 1977. D) None of these. Show Answer Correct Answer: B) Is a bank-owned non-profit co-operative society. 13. Which amongst the following promoted the concept of self help groups (SHGs) for financing the poor? A) RBI. B) Union Ministry of labour. C) NABARD. D) Union Ministry of Rural development. Show Answer Correct Answer: C) NABARD. 14. In India, which among the following is/are a part of Legal Tender Money? A) Both coins and currency notes. B) Both coins and bank drafts. C) Both currency notes and SDRs. D) Only currency notes issued by RBI. Show Answer Correct Answer: A) Both coins and currency notes. 15. Economic Planning comes under which of the following lists? A) Union List. B) Concurrent list. C) State List. D) A and C. Show Answer Correct Answer: B) Concurrent list. 16. Your bank's customer XYZ enjoys a CC limit of Rs. 100000. The CC account shows a credit balance of Rs. 10205. The relationship between your bank and XYZ limited is A) Debtor/creditor. B) Creditor/debtor. C) Bailor/bailee. D) Bailee/bailor. Show Answer Correct Answer: A) Debtor/creditor. 17. The 'Dolex' Indicator is related to which of the following Financial Markets? A) New York. B) Mumbai. C) Tokyo. D) Hong Kong. Show Answer Correct Answer: B) Mumbai. 18. How many government coin mints are there in India? A) 2. B) 3. C) 4. D) 5. Show Answer Correct Answer: C) 4. 19. An institution which accepts deposits, makes business loans and offers related services is called A) Saving bank. B) Commercial bank. C) Investment bank. D) Development bank. Show Answer Correct Answer: B) Commercial bank. 20. Which of the following is NOT a Private Bank in India? A) Yes Bank. B) HDFC Bank. C) Axis Bank. D) IDBI Bank. Show Answer Correct Answer: D) IDBI Bank. ← 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