This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 20 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A banking system where all operations are confined to a single office is known as..... A) Unit Banking. B) Group Banking. C) Chain Banking. D) Branch Banking. Show Answer Correct Answer: A) Unit Banking. 2. Small savings Scheme like National Savings Certificates, Public Provident Fund, Monthly Income Schemes are popular among the salaried people. Which financial institutions manage these schemes? A) Public sector banks. B) Commercial banks. C) Post offices. D) Co-operative banks. Show Answer Correct Answer: C) Post offices. 3. In a bank which of the following are the usual types of Deposits accounts? A) Savings accounts, Electricity accounts and Insurance Premium accounts. B) Fixed deposits, Post office Savings Bank accounts and Current Deposit accounts. C) Current Accounts, Saving Bank accounts and Term Deposit accounts. D) Loan accounts, Savings Bank accounts and Term Deposit accounts. Show Answer Correct Answer: C) Current Accounts, Saving Bank accounts and Term Deposit accounts. 4. The debenture holders of a company are its..... A) Employees. B) Debtors. C) Creditors. D) Partners. Show Answer Correct Answer: C) Creditors. 5. Banking Regulation Act 1949 does not apply to..... A) Nationalised Banks. B) Foreign Banks having branches in india. C) State Bank of India and its associates Banks. D) Primary agricultural credit socities and co-operative land mortgage banks. Show Answer Correct Answer: D) Primary agricultural credit socities and co-operative land mortgage banks. 6. A scheduled bank is one A) Which conforms to the requirements of Schedule III of the Banking Regulation Act, 1949. B) Which has been declared as a scheduled bank by the Government of India. C) Which has deposits exceeding Rs. 10 crore. D) Which has its name added to the second schedule of the Reserve Bank of India Act, 1934. Show Answer Correct Answer: D) Which has its name added to the second schedule of the Reserve Bank of India Act, 1934. 7. Under the scheme of Co-operative Agricultural Credit developed in India, the state Co-operative Bank has been considered such a vital link that A) It has been given a status comparable to that of a scheduled bank. B) For certain purposes, the central financing agencies have been treated as its branches. C) Both A and B. D) All. Show Answer Correct Answer: C) Both A and B. 8. Which of the followinf is/are uses of foreign exchange reserves? A) Back liablities on their own. B) Influence Monetary policy. C) Both 1 and 2. D) None of the above. Show Answer Correct Answer: C) Both 1 and 2. 9. When did Negotiable Instruments Act, 1881 came into force? A) 9th December, 1881. B) 19th December, 1881. C) 1st March, 1882. D) None of the above. Show Answer Correct Answer: C) 1st March, 1882. 10. What is notice money? A) It is an overnight loan in the money market. B) It is loan of above 1 day to 14 days in the money market. C) It is loan of above 14 day to 364 days in the money market. D) None of the above. Show Answer Correct Answer: B) It is loan of above 1 day to 14 days in the money market. 11. Which of the following is not a contributing factor to micro-credits? A) EMI. B) Collaterals. C) KYC norms. D) Pre-payment charges. Show Answer Correct Answer: B) Collaterals. 12. With a view to improving the performance of RRBs and giving more powers and flexibility to their boards in decisionmaking, the Reserve Bank had constituted task force on empowering the RRB Boards for Operational Efficiency. The task force was headed by A) KG Karmakar. B) SS Tarpore. C) Rangarajan. D) None of the above. Show Answer Correct Answer: D) None of the above. 13. Which RBI department regulates the Non-Banking Financial Companies? A) DBS. B) DBOD. C) DNBS. D) UBD. Show Answer Correct Answer: C) DNBS. 14. RBI revised premature deposit rules of which type of accounts? A) Kiddy accounts. B) Current accounts. C) Large value fixed deposit accounts. D) Dollar savings accounts. Show Answer Correct Answer: C) Large value fixed deposit accounts. 15. After how many crop seasons, an unpaid short duration Farm loan will be termed as NPA? A) 1 crop season. B) 2 crops seasons. C) 2 years. D) 4 crop seasons. Show Answer Correct Answer: B) 2 crops seasons. 16. Which financial institution established by IBRD-American Mission, in 1955? A) IDBI. B) ICICI. C) SBI. D) RRB. Show Answer Correct Answer: B) ICICI. 17. As per the reports in the major financial newspapers, India has urged China to redress imbalance in trade. What does it really mean? It means A) India exports more items to China whereas China does not export much to India. B) India is not able to export much to China whereas its import from China is of higher value. C) China and India are not at all trade partners. Hence there is no transaction between the two countries. D) As per WTO laws, India is supposed to export food-grains to China. But China has not placed any order for the same in 2006-07. It has also refused to accept 200 lakh tonnes of wheat exported to it by India. Show Answer Correct Answer: B) India is not able to export much to China whereas its import from China is of higher value. 18. Which one of the following represents capital adequacy ratio for commercial banks? A) Ratio of capital to risk-weighted assets. B) Ratio of capital to advances. C) Ratio of capital to short-term deposits. D) Ratio of capital to non-performing assets. Show Answer Correct Answer: A) Ratio of capital to risk-weighted assets. 19. The bank to launch 'video branch' is? A) HSBC. B) ICICI. C) IndusInd. D) Yes Bank. Show Answer Correct Answer: C) IndusInd. 20. In 1991, the SLR was as high as A) 25%. B) 30%. C) 38.50%. D) 0.395. Show Answer Correct Answer: C) 38.50%. ← 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