This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 14 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The foreign exchange rate is dependent on which of the following? A) Government policies. B) Monetary policy directives. C) Demand and supply forces. D) Foreign exchange reserves. Show Answer Correct Answer: C) Demand and supply forces. 2. What is the tenure for the Equipment Financing Loan? A) 3-4 Year. B) 4-5 Year. C) 1-3 Year. D) 2-5 Year. Show Answer Correct Answer: B) 4-5 Year. 3. Which of the following deposits is not accepted by commercial banks? A) Fixed Deposit. B) Demand Deposit. C) Saving Deposit. D) Public Account Deposit. Show Answer Correct Answer: D) Public Account Deposit. 4. Which of the following foreign banks has been granted license to start its banking operation in India, recently? A) Doha Bank. B) Bank of Japan. C) Barclays Bank. D) Kookmin Bank. Show Answer Correct Answer: A) Doha Bank. 5. Which of the following is an employmentcreating programme of the Govt of India? [Andhra Bank 2011] A) MNREGA. B) Bharat Nirman. C) Kalpana-I. D) ASHA. Show Answer Correct Answer: A) MNREGA. 6. IRDA announced a Health Insurance Policy Portability. This will be implemented from..... A) 1 April, 2011. B) 1 August, 2011. C) 1 September, 2011. D) 1 July, 2011. Show Answer Correct Answer: D) 1 July, 2011. 7. What is a fiscal deficit? A) It is a gap between the values of exports and imports. B) It is a gap between exports and imports minus external borrowings. C) It is a gap between total expenditure and total receipts of the government. D) None of the above. Show Answer Correct Answer: D) None of the above. 8. Which of the following is NOT a Nation-alised Bank? A) Union Bank of lndia. B) Central Bank of India. C) Yes Bank. D) Syndicate Bank. Show Answer Correct Answer: C) Yes Bank. 9. Which of the following is/was Not included in the agenda set for the Banking Reforms in India? A) Dismantling of administered interest rates. B) Measure to strengthen risk management. C) Promulgation of SARFAESI Act. D) Promotion of the concept of easy credit to all with a guaranteed subsidy from the government. Show Answer Correct Answer: D) Promotion of the concept of easy credit to all with a guaranteed subsidy from the government. 10. Between 2007-08 to 2012-13, the value of Card spending rose to Rs.1.97 Lakh Crores. A raise in Cards spending indicates? A) Transformation to 'Cashless Economy'. B) Low inflation. C) Raising incomes. D) Falling prices. Show Answer Correct Answer: A) Transformation to 'Cashless Economy'. 11. In which year Punjab National Bank was established? A) 1880. B) 1887. C) 1894. D) 1900. Show Answer Correct Answer: C) 1894. 12. Transfer of any instrument to another person by signing on its back or face or on a slip of paper attached to it is known as A) Promissory note. B) Bill of lading. C) Bill of exchange. D) Endorsement. Show Answer Correct Answer: D) Endorsement. 13. Which of the following is the least liquid asset? A) Money. B) Shares. C) Machinery. D) Special deposits. Show Answer Correct Answer: C) Machinery. 14. Which of the following financial activities is carried by CIC? A) Granting of loans to group companies. B) Investment in bank deposits. C) Issuing guarantees on behalf of group companies. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Which of the following can be identified as a demat account? A) Accounts which can have zero balance. B) Accounts opened to facilitate repayment of loan. C) Accounts in which shares of companies are traded in electronic form. D) Accounts maintained by mutual fund companies for investors. Show Answer Correct Answer: C) Accounts in which shares of companies are traded in electronic form. 16. Which of these banks was not associated with the State Bank of India in 1959? A) State Bank of Hyderabad. B) State Bank of Indore. C) State Bank of Mysore. D) State Bank of Patna. Show Answer Correct Answer: D) State Bank of Patna. 17. Financial service companies excludes which of the following? A) Commercial banks. B) Insurance companies. C) Crepitating agencies. D) Sole proprietorship. Show Answer Correct Answer: D) Sole proprietorship. 18. How much percentage of its funds is required to be invested by payments banks in government securities or T-bills with maturity up to 1 year? A) 25%. B) 40%. C) 50%. D) 75%. Show Answer Correct Answer: D) 75%. 19. Budget is an instrument of A) Commercial policy of the government. B) Fiscal policy of the Government. C) Monetary policy of the government. D) Money-saving policy of the government. Show Answer Correct Answer: B) Fiscal policy of the Government. 20. The fiscal deficit target for year 2015 (2014-15) has been retained at the level announced by former Finance Minister P.Chidambaram in his interim budget. What is this level? A) 4.1% of GDP. B) 5.7% of GDP. C) 4.8% of GDP. D) 4.5% of GDP. Show Answer Correct Answer: A) 4.1% of GDP. ← 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