This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 16 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is considered to be the father of venture capital? A) Dariot. B) Modigliani. C) Vaghul. D) Jimmy carter. Show Answer Correct Answer: A) Dariot. 2. The 0 in IFSC Code is placed in which of the following positiona of the 11 digit IFSC code? A) 3rd. B) 7th. C) 6th. D) 5th. Show Answer Correct Answer: D) 5th. 3. Invoice is a: A) Accounting document. B) Legal document. C) Commercial document. D) None of the above. Show Answer Correct Answer: C) Commercial document. 4. Real national income growth refers to A) National income growth adjusted for inflation. B) National income growth adjusted for population growth. C) National income growth adjusted for depreciation rate. D) National income growth adjusted for saving growth. Show Answer Correct Answer: A) National income growth adjusted for inflation. 5. What is Forex? [Punjab & Sindh 2011] 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: D) It is simultaneous buying of one currency and selling of another currency. 6. Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti-money laundering measures. The purpose of reporting is: A) Combating finance of terrorism. B) To check hawala transactions. C) To check the inflow of crime money. D) All the above. Show Answer Correct Answer: D) All the above. 7. Which of the following type of CICs are exempted from the requirement of registration with RBI? A) CICs with assets above Rs. 10 crore. B) CICs with assets above Rs. 100 crore. C) CICs with assets above Rs. 200 crore. D) None of the above. Show Answer Correct Answer: B) CICs with assets above Rs. 100 crore. 8. Which of the following schedules of Indian constitution includes Banking? th th th th A) 8. B) 7. C) 5. D) 6. Show Answer Correct Answer: B) 7. 9. Name any E-Banking service which is based on voice processing facility? A) Any time banking. B) Tele-banking. C) On-line banking. D) Any where banking. Show Answer Correct Answer: B) Tele-banking. 10. Which of the following would RS.tighten' the liquidity situation of banks? A) Increased sales of government securities to individuals or institutions who pay for them from their bank. B) Regulations requiring the banks to maintain positive end-of-day balances with the Bank of England. C) Both 1 and 2. D) Lower levels of taxation and reductions in tax receipts to the Treasury. Show Answer Correct Answer: C) Both 1 and 2. 11. International Bank for Reconstruction and Development is related to..... A) World Bank. B) ADB. C) IMF. D) Federal Bank. Show Answer Correct Answer: A) World Bank. 12. Which of the following is not a prerequisite for a promissory note? (Vijaya Bank 2008) A) Drawn on a specified banker. B) It should be unconditional. C) It should be in writing. D) It should be made and signed by the debtor. Show Answer Correct Answer: A) Drawn on a specified banker. 13. In Banking terminology, NPA means [Corporation Bank 2011] A) No-Promise Account. B) Non-Personal Account. C) Non-Performing Asset. D) Net Performing Asset. Show Answer Correct Answer: C) Non-Performing Asset. 14. What are benefits of Financial Market Infrastructures? A) Purposes of clearing. B) Ecording payments. C) Financial transactions. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. When a loan is granted by a bank for purchase of white goods it is called A) Consumption loan. B) White goods loan. C) Consumer durable loan. D) All of these. Show Answer Correct Answer: C) Consumer durable loan. 16. Which of the following is NOT the net assets in investing in the equity shares in group companies? A) Cash & bank balances. B) Money market instruments. C) Money market mutual funds. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Which organisation functions as the authorised Bharat Bill Payment Central Unit? A) State bank of India. B) ICICI Bank. C) NPCI. D) Reserve Bank of India. Show Answer Correct Answer: C) NPCI. 18. Which one of the following is not a measure of Globalisation? A) Reduction in import duties. B) Abolition of import licensing. C) Allowing free flow of direct foreign investment. D) Disinvestment of equity in the public sector. Show Answer Correct Answer: D) Disinvestment of equity in the public sector. 19. Accounts are allowed to operated by Cheques in respect of A) Both Savings Accounts and Fixed Deposit accounts. B) Savings account and Current Accounts. C) Both Savings and Loan Accounts. D) Both savings bank accounts and cash accounts only. Show Answer Correct Answer: B) Savings account and Current Accounts. 20. Which of the following rates signals the RBI's long-term outlook on interest rates? A) Repo Rate. B) Reverse Repo Rate. C) Bank Rate. D) SLR. Show Answer Correct Answer: C) Bank Rate. ← 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