This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 21 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 21 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What are the various facilities offered by banks through Tele banking? A) Balance enquiries and Transfer of funds. B) Enquiries about collection or specific credits/debits transaction. C) Request for statement of accounts. D) All of the above. Show Answer Correct Answer: D) All of the above. 2. Credit Rating Agencies denote the rating score by which of the following symbols? A) Simple Alphanumeric Symbols. B) Special Symbols. C) Numerical. D) None of the above. Show Answer Correct Answer: A) Simple Alphanumeric Symbols. 3. Who is the chairman of the committee constituted by RBI to study Issues and Concerns in the Micro Finance Institutions (MFI) Sector? A) YH Malegam. B) Dr KC Chakraborty. C) M Damodaran. D) Smt Usha Thorat. Show Answer Correct Answer: A) YH Malegam. 4. Which of the following entities are not covered under the Banking Regulation Act 1949? A) Public Sector banks. B) Cooperative Banks. C) Primary Agricultural Credit Society. D) All of the above. Show Answer Correct Answer: C) Primary Agricultural Credit Society. 5. What is the maximum loan amount permitted under the Personal Loan in India? A) Depends upon the income of the borrower. B) Maximum amount is such that EMI is not more than 40-50% of the monthly income. C) Unlimited. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 6. Which of the following NBFCs are involved in investing the pooled capital of investors in financial securities? A) Loan Companies. B) CIC-ND-SI. C) IDF-NBFC. D) Investment Company. Show Answer Correct Answer: D) Investment Company. 7. Bad loans in banking terminology are generally known as..... A) Prime Loans. B) Prime Asset. C) BPOs. D) NPAs. Show Answer Correct Answer: D) NPAs. 8. Commercial banks in India were nationalized in 1969 because: A) There was urban bias. B) Agriculture sector was neglected. C) There was concentration of economic power. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. Which of the following statements is incorrect about negotiable instruments? A) Pay A or Order. B) Pay to Order to A. C) Pay A and B. D) Pay A only. Show Answer Correct Answer: D) Pay A only. 10. Union budget is always presented first in A) The Lok Sabha. B) The Rajya Sabha. C) Joint session of the Parliament. D) Meeting of the Union Cabinet. Show Answer Correct Answer: A) The Lok Sabha. 11. Which of the following clearly defines the Factoring business? A) It is a type of debtor finance in which a business sells its accounts receivable . B) The receivables are sold to the third party (called a factor) at a discount. C) It is commonly referred to as accounts receivable factoring, invoice factoring. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 12. In which of the following, investable capital for non-financial companies is available? A) Insurance markets. B) Public markets. C) Financial companies. D) Capital market. Show Answer Correct Answer: D) Capital market. 13. VCTs invest in which of the following assets? A) Any new start up company. B) Company listed in Stock Exchange. C) Companies listed on AIM. D) None of the Above. Show Answer Correct Answer: C) Companies listed on AIM. 14. At present, the formula for subscription to RRBs capital has been fixed at A) Central Government 50%, State Government 35% and Sponsor Bank 15%. B) Central Government 60%, State Government 20% and Sponsor Bank 20%. C) Central Government 30%, State Government 30% and Sponsor Bank 40%. D) Central Government 35%, State Government 35% and Sponsor Bank 30%. Show Answer Correct Answer: B) Central Government 60%, State Government 20% and Sponsor Bank 20%. 15. What does the Credit Rating Agency IND-RA stand for? A) India Ratings and Research. B) India Ratings Agency. C) India Ratings Association. D) None of the Above. Show Answer Correct Answer: A) India Ratings and Research. 16. Which of the following is a leading electronic-payment technology firm? (The logo of the firm can be seen printed on credit cards/ATM centres etc.) A) Visa. B) Max. C) BSE. D) Sensex. Show Answer Correct Answer: A) Visa. 17. Opening the Saving Bank Account of a minor girl will be called as which of the following in Banking terminology? A) Retail Banking. B) Merchant Banking. C) Institutional Banking. D) Social Banking. Show Answer Correct Answer: A) Retail Banking. 18. Which of the following statements is incorrect about NBFCs? A) An NBFC cannot accept demand deposits. B) These institutions trade in the capital market in a variety of assets and liabilities. C) An NBFC can issue cheques drawn on itself. D) Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available for NBFC depositors. Show Answer Correct Answer: C) An NBFC can issue cheques drawn on itself. 19. Commercial banking system means A) Scheduled and non-Scheduled banks. B) Private sector and public scheduled banks. C) Both A and B. D) Regional rural banks, co-operative banks and NBFCs. Show Answer Correct Answer: C) Both A and B. 20. What is the maximum period for which domestic term deposits are normally accepted by banks in our country? A) 3 years. B) 5 years. C) 7 years. D) 10 years. Show Answer Correct Answer: D) 10 years. ← 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