This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 125 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 125 (11 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following provides proper definition of a Mutual Funds? A) It is an association of members of public. B) These members want to invest in financial instrument. C) They want to invest in financial instrument assets of business sector. D) All the above. Show Answer Correct Answer: D) All the above. 2. Which of the following is an account at a bank or credit union that earns interest over a specified amount of time? A) Interest Bearing Account. B) Regular Checking Account. C) De-materialized Account. D) Savings Bank Account. Show Answer Correct Answer: A) Interest Bearing Account. 3. Which of the follwoing measures is not taken by government to control inflation? A) It increases the rate of taxes. B) It increases cash reserve ratio. C) It increases the imports. D) It increases the public debt. Show Answer Correct Answer: B) It increases cash reserve ratio. 4. RBI increases Repo Rate to control which economic situation of economy? A) Deflation. B) Inflation. C) Recession. D) Stagflation. Show Answer Correct Answer: B) Inflation. 5. Which of the following statements is correct about soiled/mutilated note? A) All banks are authorized to accept soiled notes across their counters and pay the exchange vale. B) All public senor bank branches and currency chest branches of private sector banks are authorised to adjudicate and pay value in respect of mutilated notes. C) The RBI has also authorised all Commercial Bank branches to treat certain notes in 'two pieces' as soiled notes and pay exchange value. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. What is Forex? A) It is buying of foreign currency. B) It is selling of foreign currency. C) It is buying of one currency and selling of another currency. D) It is simultaneous buying of one currency and selling of another currency. Show Answer Correct Answer: A) It is buying of foreign currency. 7. Which of the following is the most active segment of the money market in India? [Indian Overseas Bank 2011] A) Call Money/Notice Money Market. B) Repo/Reverse Repo. C) Commercial Paper (CP). D) Certificate of Deposit (CD). Show Answer Correct Answer: A) Call Money/Notice Money Market. 8. Which of the following is the act of buying an asset without having to make full payment in the immediate future? A) Operating lease. B) Hire purchase. C) Sale and leaseback. D) Finance lease. Show Answer Correct Answer: B) Hire purchase. 9. Which of the following agencies is providing Unique Identity Cards to all Indian Residents? A) Election Commission of India. B) Ministry of Foreign Affairs. C) Govt of Maharashtra. D) Border Security Force. Show Answer Correct Answer: B) Ministry of Foreign Affairs. 10. Which among the following is considered to be the most liquid asset? A) Gold. B) Money. C) Land. D) Treasury bonds. Show Answer Correct Answer: B) Money. 11. In India nation income is estimated by? A) Finance Commission. B) Central Statistical Organisation. C) Planning Commission. D) Finance Ministry. Show Answer Correct Answer: B) Central Statistical Organisation. ← PreviousRelated 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