This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 17 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 17 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is an amortization schedule? A) It is a table that gives details of the periodic principal and interest payments on a loan and the. B) It is convenient for borrowers who are in the beginning of their careers. C) It is the schedule at which commercial banks charge their customers who are most creditworthy. D) All of the Above. Show Answer Correct Answer: A) It is a table that gives details of the periodic principal and interest payments on a loan and the. 2. ICICI provides assistance by way of A) Long and medium-term loans and equity participation. B) Guaranteeing rupee and foreign currency loans raised from other sources. C) Underwriting issues of shares and debentures. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. Traveller's cheques are valid for..... A) Three months. B) Six months. C) One year. D) No limit are valid till encashed. Show Answer Correct Answer: D) No limit are valid till encashed. 4. Which of the following functions are performed by RBI as a banker of banks? A) Settlements of inter-bank transactions. B) Enables banks to maintain their accounts with RBI for statutory reserve requirements. C) Acts as the lender of last resort. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. At current prices, the GDP growth rate for the year 2013-14, as projected by CSO stands at A) 11.9%. B) 12.30%. C) 13.30%. D) 14.5%. Show Answer Correct Answer: B) 12.30%. 6. Which of the following is the Central Bank of the country? A) RBI. B) SBI. C) RRB. D) NABARD. Show Answer Correct Answer: A) RBI. 7. The Government of India passed the "Recovery of Debts Due to Banks and Financial Institutions Act" in..... A) 1993. B) 1992. C) 1994. D) 1990. Show Answer Correct Answer: A) 1993. 8. Which of the following about money supply measure adopted in 1977 is correct? A) M2' M1 +demand deposits with post offices. B) M3' M1 +term deposits with banks. C) M4'M3+total deposits with post offices. D) All the above. Show Answer Correct Answer: C) M4'M3+total deposits with post offices. 9. An underwriter undertakes to buy a certain number of shares or debentures irrespective of the subscription from the public. This type of underwriting is known as.....? A) Sub-Underwriting. B) Firm Underwriting. C) Syndicate Underwriting. D) Outright Purchases of Issues. Show Answer Correct Answer: B) Firm Underwriting. 10. Which of the following acts defines 'Factoring Business'? A) Factoring Act, 2011. B) Factoring Act, 2012. C) Factoring Act, 2010. D) Factoring Act, 2005. Show Answer Correct Answer: A) Factoring Act, 2011. 11. Which of the following liabilities is not taken as part of Time and demand liabilities for the purpose of CRR? A) Fixed deposits. B) Saving bank account. C) Recurring deposits. D) Paid-up capital. Show Answer Correct Answer: D) Paid-up capital. 12. Which of the following organizations was specially established to operate in Gramin areas by design itself? A) Commercial Banks. B) Central Financial Institutes. C) Private Banks. D) Regional Rural Banks. Show Answer Correct Answer: D) Regional Rural Banks. 13. FEMA was implemented by replacing FERA in which year? A) 31.01.2002. B) 01.06.2000. C) 31.01.2000. D) 01.01.2003. Show Answer Correct Answer: B) 01.06.2000. 14. Which of the following schemes is launched specifically for helping senior citizens to avail loan by mortgage of their residential property? [Indian Overseas Bank 2011] A) English Mortgage Scheme. B) Senior Capital loan Scheme. C) Reverse Mortgage Loan scheme. D) Senior Citizen Personal Loan scheme. Show Answer Correct Answer: C) Reverse Mortgage Loan scheme. 15. What is a legal agreement, also called the deed of trust, between the corporation issuing bonds and the bondholders that establish the terms of the bond issue? A) Indenture. B) Bond. C) Debt. D) None of the above. Show Answer Correct Answer: A) Indenture. 16. Treasury bills also called as T-bills are the part of..... A) Unorganized Market. B) Capital Market. C) Money Market. D) Commodities Market. Show Answer Correct Answer: C) Money Market. 17. Tele banking is attracting the fancy of urban customer due to A) Non-availability of time to visit bank branches. B) Transport bottlenecks. C) Traffic Jams. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. The network for common data communication for Banks and Financial Institutions launched by RBI is..... A) INTERNET. B) INFINET. C) SWIFT. D) BANKNET. Show Answer Correct Answer: D) BANKNET. 19. Which of the following constitutes a significant portion of banks' lending portfolios? A) Credit finance. B) Foreign Exchange. C) Consumer finance. D) Money laundering. Show Answer Correct Answer: C) Consumer finance. 20. Which of the following actions is performed by debenture trustee in case of delayed payment? A) Update the calendar specifying the date of such payment. B) Cancel the payment. C) Register a complaint. D) None of the above. Show Answer Correct Answer: A) Update the calendar specifying the date of such payment. ← 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