This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 19 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The working group set up by the RBI has suggested the launch of an Emergency Fund Facility Scheme for banks. This scheme will help which of the following types of banks? A) Public Sector Banks. B) Small Banks. C) Urban Cooperative Banks. D) Private Banks. Show Answer Correct Answer: C) Urban Cooperative Banks. 2. Under which category, will you classify Regional Rural Banks (RRBs)? A) Scheduled commercial banks. B) Co-operative banks. C) Private sector banks. D) Development banks. Show Answer Correct Answer: A) Scheduled commercial banks. 3. Slogan of poverty Abolition was given in which Five Year Plan? A) First five year plan. B) Second five year plan. C) Third five year plan. D) Fifth fiver year plan. Show Answer Correct Answer: D) Fifth fiver year plan. 4. Which among the following countries will become the 19th member of the eurozone as it is set to adopt the euro on 1 January 2015? A) Portugal. B) Greece. C) Lithuania. D) Latvia. Show Answer Correct Answer: C) Lithuania. 5. What is the name of the scheme proposed for hygiene and cleanliness in the recent Union Budget 2014-15? A) Bharat Swach Yojna. B) Bharat Nirmal Yojna. C) Bharat Nirman Yojna. D) Bharat Sudhhikaran Yojna. Show Answer Correct Answer: A) Bharat Swach Yojna. 6. Which of the following accounts is intended to manage the income earned in India from sources like pension, dividend, rent, etc? A) NRO account. B) NRE account. C) NRI account. D) None of the above. Show Answer Correct Answer: A) NRO account. 7. The organisation is responsible for calculating National Income is A) CSO. B) NSSO. C) RBI. D) SBI. Show Answer Correct Answer: A) CSO. 8. As per section 147 of the Negotiable Instruments Act, 1881, every offence punishable under the Act are? A) Compoundable. B) Non-compoundable. C) Cognizable. D) None of the above. Show Answer Correct Answer: A) Compoundable. 9. Which of the following is not the key element of the KYC Policy? A) Customer Acceptance Policy. B) Customer Identification Procedures. C) Monitoring of Transactions. D) None of the Above. Show Answer Correct Answer: D) None of the Above. 10. The National Commodity and Derivatives Exchange Limited (NCDEX) is located in which of the following cities? A) Mumbai. B) Kolkata. C) Hyderabad. D) Jaipur. Show Answer Correct Answer: A) Mumbai. 11. When making repayments on a lease, the profit and loss account will contain which items relevant to the lease? A) Neither interest or instalment charges. B) Instalment charges only. C) Interest and instalment charges. D) Interest only. Show Answer Correct Answer: D) Interest only. 12. Loans of small or very small amounts given to low-income-group people are known as A) Investment Loans. B) Micro Credit. C) Saving loans. D) Secured loans. Show Answer Correct Answer: B) Micro Credit. 13. What is the full form of IPO in IPO issue manager? A) Interactive Persuasive Offering. B) Initial Public Offering. C) Immediate Public Offering. D) Noneof the above. Show Answer Correct Answer: B) Initial Public Offering. 14. Bridge loans refer to A) Loans granted to construction companies for construction of bridges. B) Loan granted to PWD for construction of bridges over rivers. C) Interim finance allowed by banks to their customers, pending disbursement of term loans by financial institutions. D) Loan granted to Railway for construction of bridges. Show Answer Correct Answer: C) Interim finance allowed by banks to their customers, pending disbursement of term loans by financial institutions. 15. Where is the Headquarters of World Trade Organisation? A) New Delhi. B) New York. C) Geneva. D) Rome. Show Answer Correct Answer: C) Geneva. 16. What is e-payment? A) Electronic payment for buying and selling through the Internet. B) Payment of online software. C) Payment of online services. D) None of the above. Show Answer Correct Answer: A) Electronic payment for buying and selling through the Internet. 17. Non-performing assets are cause for serious concerns for banks. Why are these loans known as non-performing? A) Recovery of bank's funds are difficult. B) Interest on these accounts are not charged. C) Banks have to make provision for these loans in their balance sheet. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. Which of the following are the scheduled banks? A) The Fuji Bank Limited. B) IDBI Bank Limited. C) Centurian Bank of Punjab Limited. D) All of the above. Show Answer Correct Answer: B) IDBI Bank Limited. 19. Which one of the following may be the consequence of buying forex in the market by the RBI? A) It leads to inflation. B) It leads to control over inflation. C) It does not affect inflation. D) It results into deflation. Show Answer Correct Answer: D) It results into deflation. 20. When was the Industrial Finance Corporation of India setup in India? A) 1945. B) 1948. C) 1951. D) 1991. Show Answer Correct Answer: B) 1948. ← 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