This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 13 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Functions of NBFC includes..... A) Equipment Leasing. B) Term Deposits. C) Housing Finance & Investment in Financial Securities. D) A & C. Show Answer Correct Answer: D) A & C. 2. Where is the headquarters of Federal Bank located? A) Kerala. B) Tamil Nadu. C) Gujarat. D) West Bengal. Show Answer Correct Answer: A) Kerala. 3. Markets in which derivatives are traded, are classified as which of the following? A) Assets backed market. B) Cash flow backed markets. C) Mortgage backed markets. D) Derivative securities markets. Show Answer Correct Answer: D) Derivative securities markets. 4. What is the minimum start up capital fixed for Local Area Capital Banks? A) Rs 1 crore. B) Rs 2 crore. C) Rs 5 crore. D) Rs 10 crore. Show Answer Correct Answer: C) Rs 5 crore. 5. Accounts are allowed to be operated by cheques in respect of [IBPS 2011] A) Both savings bank accounts and fixed deposit accounts. B) Savings bank accounts and current accounts. C) Both savings bank accounts and loan accounts. D) Both savings bank accounts and cash accounts only. Show Answer Correct Answer: B) Savings bank accounts and current accounts. 6. The sensitive Index of National Stock Exchange of India is popularly known as A) Sensex. B) CRIS. C) Nifty. D) CSE. Show Answer Correct Answer: C) Nifty. 7. An agreement, which in fact is a contract, between the RBI and Banks for the sale and repurchase of Govt securities and shortterm treasury bills at a future date and for which the RBI indicates "the interest rate", is generally known as [RBI 2009] A) Repo Rate. B) Bank Rate. C) Reverse Repo Rate. D) Prime Lending Rate. Show Answer Correct Answer: A) Repo Rate. 8. According Negotiable Instruments Act, what is a Promissory Note? A) A document written and Signed by the payer/maker. B) Containing an unconditional undertaking. C) To pay a certain sum of money only to a specific person or the bearer. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. Recently, RBI has proposed setting up of a trade Receivables and credit exchange (TCE) for financing? A) Regional Rural Banks. B) Micro, Small and Medium Enterprises. C) Public Sector Banks. D) Non-banking Financial Corporations. Show Answer Correct Answer: B) Micro, Small and Medium Enterprises. 10. The individual investor's optimal portfolio is designated by which of the following? A) The point of tangency with the opportunity set and the capital allocation line. B) The point of highest reward to variability ratio in the opportunity set. C) The point of tangency with the indifference curve and the capital allocation line. D) The point of the highest reward to variability ratio in the indifference curve. Show Answer Correct Answer: C) The point of tangency with the indifference curve and the capital allocation line. 11. As we all know in India currency market is regulated by the Reserve Bank of India (RBI), while "currency futures" are jointly regulated by the RBI and which of the following other banks? A) NABARD. B) SlDBI. C) SEBI. D) State Bank of India. Show Answer Correct Answer: A) NABARD. 12. In one of his speeches, Pranab Mukherjee said that the government has no plans to dilute the roles of market regulators. This means, the role of which of the following will not be diluted? A) Life Insurance Corporation of India (LIC). B) Confederation of Indian Industry (CII). C) Federation of Chambers of Commerce and Industry (FICCI). D) Securities and Exchange Board of India (SEBI). Show Answer Correct Answer: D) Securities and Exchange Board of India (SEBI). 13. Where does the headquarters of Brickwork Ratings India Private Limited situated? A) Bangalore. B) Hyderabad. C) Mumbai. D) New Delhi. Show Answer Correct Answer: A) Bangalore. 14. Upper limit prescribed for RTGS transaction is A) 2 lacs. B) 5 lacs. C) No upper limit is prescribed. D) 50 lacs. Show Answer Correct Answer: C) No upper limit is prescribed. 15. For a closed economy having no foreign trade which one of the following is correct? A) GDP > GNP GNP. B) GDP ' GNP. C) GDP < GNP. D) None of these. Show Answer Correct Answer: C) GDP < GNP. 16. RBI has permitted non banking finance companies (NBFCs) to enter the.....business through the joint venture route. A) Mutual Fund. B) Insurance. C) Universal Banking. D) Merchant Banking. Show Answer Correct Answer: B) Insurance. 17. Which of the following is a fully-owned subsidiary of RBI? A) NHB. B) DICGC. C) BRBNMPL. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. What is the base year for WPI (Whole Sale Price Index)? A) 2004-05. B) 2003-04. C) 2002-03. D) 2005-06. Show Answer Correct Answer: A) 2004-05. 19. What is the objective of Kisan call centre? A) To ensure the supply of fertilizer to farmers on suitable rates. B) Distribution of HYV seeds. C) To provide agriculture credit at concessional rate. D) To provide consultancy service related to agriculture. Show Answer Correct Answer: D) To provide consultancy service related to agriculture. 20. BoP (Balance of Payment) refers to A) Transactions in the flow of capital. B) Transactions relating to receipts and payment of invisible. C) Transactions relating only to exports and imports. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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