This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Name a Poverty Eradication Programme in which banks played the dominant role? A) IRDP. B) MNP. C) Rojgar Bima Yojana. D) Jawahar Rojgar Yojana. Show Answer Correct Answer: A) IRDP. 2. Which of the following is an easy way of providing credit to the farmer community? [Nabard Bank 2009] A) Kisan Credit Card. B) Indira Vikas Patra. C) National Saving Certificates. D) Loan against gold. Show Answer Correct Answer: A) Kisan Credit Card. 3. Which Credit Rating Agency is the largest in the World? A) Moody's Investors Service and Standard & Poor's. B) Fitch Ratings. C) CRISIL. D) ICRA. Show Answer Correct Answer: A) Moody's Investors Service and Standard & Poor's. 4. Who issues Mutual Funds? A) Asset Management Companies. B) SEBI. C) RBI. D) State Government. Show Answer Correct Answer: A) Asset Management Companies. 5. Currently (July 2014), which country holds the chair of the Group of Twenty (G-20) forum? A) Russia. B) Australia. C) Brazil. D) Canada. Show Answer Correct Answer: B) Australia. 6. RBI can issue bank notes of maximum denomination A) Rs. 1000. B) Rs. 500. C) Rs. 10000. D) Rs. 20000. Show Answer Correct Answer: C) Rs. 10000. 7. FEMA was introduced in which of the following year? A) 1990. B) 1989. C) 1999. D) 1991. Show Answer Correct Answer: C) 1999. 8. The rate of interest on term deposits in banks is stipulated by which of the following? A) RBI. B) Government of India. C) Indian Banks Association. D) Bank Itself. Show Answer Correct Answer: D) Bank Itself. 9. In India, the Chit funds are governed /regulated by..... A) RBI. B) Central Government. C) State Governments. D) Local Bodie. Show Answer Correct Answer: C) State Governments. 10. Teaser Rates are related to which of the following types of loans? A) Home Loans. B) Personal Loans. C) Auto Loans. D) Reverse Mortgage Loans. Show Answer Correct Answer: A) Home Loans. 11. A cheque is considered as stale when if has been in circulation for A) More than forty eight hours. B) More than one year. C) More than six months unless otherwise specified. D) More than three months. Show Answer Correct Answer: D) More than three months. 12. What is the name of the new scheme announced by the Prime Minister Narendra Modi on Independence Day to help the poor in opening bank accounts, which will come with the facility of a debit card and an accidental insurance cover of Rs. 1 lakh? A) Prime Minister Poor Helping Hand Scheme. B) Pradhan Mantri Garibi Hatao Yojana. C) Pradhan Mantri Jan Dhan Yojana. D) Prime Minster Poor relief Yojana. Show Answer Correct Answer: C) Pradhan Mantri Jan Dhan Yojana. 13. 'The Decade of Action for Road safety' campaign by.....was launched in India recently. A) World Bank. B) UNO. C) WTO. D) SAARC Nations. Show Answer Correct Answer: B) UNO. 14. The type of lease that includes a third party, a lender, is called as which of the followings? A) Sale and leaseback. B) Leveraged lease. C) Direct leasing arrangement. D) Operating lease. Show Answer Correct Answer: B) Leveraged lease. 15. Who amongst the following is the Chairman of the 13th Finance Commission? [Vijaya Bank 2008] A) Bimal Jalan. B) Y V Reddy. C) C Rangarajan. D) Vijay Kelkar. Show Answer Correct Answer: D) Vijay Kelkar. 16. In India, the National Income is measured on the basis of A) Flow of goods only. B) Number of employed youth only. C) Volume of tax collected per annum. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. The Economic Survey is compiled by the A) Ministry of Home Affairs. B) Ministry of Finance. C) Ministry of Rural Development. D) Central Board of Direct Taxes. Show Answer Correct Answer: B) Ministry of Finance. 18. When was the first phase of the India Post Payment bank inaugurated? A) 1st September 2018. B) 1st January 2017. C) 15th August 2017. D) 26th January 2018. Show Answer Correct Answer: A) 1st September 2018. 19. Which of the following terms is NOT used in Banking/Finance-related matters? A) Discount Rate. B) Letter of Credit. C) Cheque Clearing. D) Law of Motion. Show Answer Correct Answer: D) Law of Motion. 20. What do we call the banks which provide capital to the firms in the form of shares and engage in underwriting of stocks? A) Commercial Banks. B) Universal Banks. C) Merchant Banks. D) IFI. Show Answer Correct Answer: C) Merchant Banks. ← PreviousNext →Related QuizzesBanking QuizzesBanking Affairs Quiz 1Banking Affairs Quiz 3Banking Affairs Quiz 4Banking Affairs Quiz 5Banking Affairs Quiz 6Banking Affairs Quiz 7Banking Affairs Quiz 8Banking Affairs Quiz 9Banking Affairs Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books