This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 22 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 22 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which market involves transactions in paper assets issued by banks to depositors who are willing to leave their money on deposit for a specified period of time? A) Gilt repo market. B) Sterling certificates of deposit market. C) Primary market. D) Secondary market. Show Answer Correct Answer: B) Sterling certificates of deposit market. 2. IMPS is functional through which of the following? A) ECS. B) EFS. C) NFS. D) RTGS. Show Answer Correct Answer: C) NFS. 3. Reserve money includes..... A) Time deposit with the Banks only. B) Currency with the public and cash with Banks. C) Cash with Banks only. D) Cash with Banks and post office savings bank deposits. Show Answer Correct Answer: B) Currency with the public and cash with Banks. 4. The activity of purchasing shares of various companies is called A) Online Trading. B) Share Trading. C) Real estate investment. D) Corporate Trading. Show Answer Correct Answer: B) Share Trading. 5. Which of the following is not included in National Income Accounts? A) Second hand goods. B) Transaction in stock markets. C) Transfer payments. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. Which of the following statements is incorrect regarding RTGS system? A) The transactions take place in real time. B) The system operates on DNS (Deferred Net Settlement) basis. C) The minimum amount that can be remitted is Rs. 2 lakh. D) Service charges for RTGS transactions vary from one bank to another. Show Answer Correct Answer: B) The system operates on DNS (Deferred Net Settlement) basis. 7. Which of the following is incorrect about the recommendations of Narasimham Committee Report, 1998? A) Reduced CRR and SLR. B) Deregulation of Interest Rate. C) Establishment of the ARF Tribunal. D) Fixing Prudential Norms. Show Answer Correct Answer: C) Establishment of the ARF Tribunal. 8. Almost all banks in our country have introduced facility for granting crop loans to farmers. A) Term Loans. B) Kisan Credit Cards. C) Bank Guarantee. D) Foreign Exchange. Show Answer Correct Answer: B) Kisan Credit Cards. 9. NABARD provides refinance assistance for A) Promotion of agriculture. B) Promotion of small scale industries. C) Cottage and village industries. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. Certificates of Deposits can be issued for a minimum period of..... A) 1 year. B) 6 months. C) 4 months. D) 3 months. Show Answer Correct Answer: D) 3 months. 11. Paid-up share capital of Regional Rural Bank (RRB) is contributed by A) Central Government. B) State Government. C) Central Government, State Government and the Sponsor Commercial Bank in the ratio of 50: 15: 35 respectively. D) NABARD, the concerned State Government and the Sponsor Commercial Bank in the ratio of 60: 20: 20 respectively. Show Answer Correct Answer: B) State Government. 12. SEBI is a A) Statutory body. B) Advisory body. C) Constitutional body. D) Non-Statutory body. Show Answer Correct Answer: A) Statutory body. 13. Sub-prime refers to A) Lending done by banks at rates below PLR. B) Funds raised by the banks at sub libor rates. C) Group of banks which are not rate as prime banks as per banker's almanac. D) Lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards. Show Answer Correct Answer: D) Lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards. 14. Crisis Management Center for women will be open at? A) Delhi. B) Mumbai. C) Bangalore. D) Kolkata. Show Answer Correct Answer: A) Delhi. 15. Which of the following can be categories as a Merchant Banking service? A) Consultancy on finance to a company. B) Advance in capital structure. C) Managing mergers. D) All the above. Show Answer Correct Answer: D) All the above. 16. What was the motive to bring the Payment and Settlement Systems Act, 2007 into being? A) To provide for the regulation and supervision of payment systems. B) To designate RBI as the authority. C) Matters connected therewith or incidental thereto. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Which of the following comes under Statutory Pre-emotions? A) Cash Reserve Ratio. B) Statutory Liquidity Ratio. C) Both A and B. D) None. Show Answer Correct Answer: C) Both A and B. 18. Which of these banks are not-for-profit banks owned by the depositor? A) Cooperative banks. B) Merchant banks. C) Land Banks. D) None of the above. Show Answer Correct Answer: A) Cooperative banks. 19. Which of the following banks has been included in the second Schedule to the RBI Act, 1934 with effect from 21st August, 2004 and thus, is the latest entrant in Indian banking as a new generation private sector bank? A) ICICI Bank Limited. B) HDFC Bank Limited. C) Kotak Mahindra Bank Limited. D) Yes Bank Limited. Show Answer Correct Answer: D) Yes Bank Limited. 20. Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government? A) Cash Credit Ratio. B) Debt Service Obligation. C) Liquidity Adjustment Facility. D) Statutory Liquidity Ratio. Show Answer Correct Answer: D) Statutory Liquidity Ratio. ← 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