This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 24 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 24 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. As per the reports published in various journals and newspapers, the small borrowers in rural areas still prefer to take informal route for their credit needs. Which of the following is the informal route of credit in the financial sector? A) Credit cards. B) Loan against gold from financial institute. C) Debit cards. D) Money lender. Show Answer Correct Answer: D) Money lender. 2. In which year the Paper Currency Act was passed? A) 1861. B) 1885. C) 1909. D) 1919. Show Answer Correct Answer: A) 1861. 3. The Lead Bank Scheme was finalised to adopt a which of the following for intensive development? A) Town. B) District. C) State. D) Village. Show Answer Correct Answer: D) Village. 4. What does CRISIL stand for? A) Credit Rating and Industrial Services of India Limited. B) Cash Rating and Industrial Services of India Limited. C) Credit Rating and Investment Services of India Limited. D) Currency Rating and Investment Services of India Limited. Show Answer Correct Answer: C) Credit Rating and Investment Services of India Limited. 5. NAV is normally used in respect of schemes floated by A) Banks. B) Mutual funds. C) Insurance Companies. D) Merchant banker. Show Answer Correct Answer: B) Mutual funds. 6. How many banks are presently nationalised banks in India? A) 14. B) 15. C) 19. D) 20. Show Answer Correct Answer: D) 20. 7. Which of the following methods is currently used in India to issue note? A) Fixed Fiduciary System. B) Maximum Fiduciary System. C) Percentage Reserve System. D) Minimum Reserve System. Show Answer Correct Answer: D) Minimum Reserve System. 8. Which among the following Deputy Governor of RBI is credited with the task of constituting Public Credit Registry in India? A) B P Kanungo. B) N S Vishwanathan. C) Viral Acharya. D) Mahesh Kumar Jain. Show Answer Correct Answer: C) Viral Acharya. 9. Where is the headquarters of North-East Small Finance Bank located in India? A) Dispur. B) Gangtok. C) Guwahati. D) Patna. Show Answer Correct Answer: C) Guwahati. 10. Base Rate regime was introduced with effect from A) 1st August 2009. B) 1st July 2009. C) 1st August 2010. D) 1st July 2010. Show Answer Correct Answer: D) 1st July 2010. 11. Each depositor in a bank is insured up to a maximum of.....by Deposit Insurance and Credit Guarantee Corporation (DICGC)? A) Rs. 2 lakh. B) Rs.3 lakh. C) Rs.5 lakh. D) Rs.1 lakh. Show Answer Correct Answer: D) Rs.1 lakh. 12. National Financial Switch' has been setup to facilitate connectivity between the bank's switches and their ATMs and interbank payment gateway for authentication and routing the payment details of various e-commerce transactions. Which organisation has set-up this switch? A) IBRD. B) IDRBT. C) SBI. D) SIDBI. Show Answer Correct Answer: B) IDRBT. 13. Variable Reserve Ratio and Open Market Operations are instruments of..... A) Fiscal policy. B) Monetary policy. C) Budgetary policy. D) Trade policy. Show Answer Correct Answer: B) Monetary policy. 14. A Usance Bill when presented for acceptance has to be accepted/dishonoured within: A) 24 hours. B) 36 hours. C) 48 hours. D) 60 hours. Show Answer Correct Answer: C) 48 hours. 15. In which type of remittances, money is transferred from one country to another? A) Foreign Remittance. B) Digital Remittance. C) Blockchain Remittance. D) None of the above. Show Answer Correct Answer: A) Foreign Remittance. 16. Which was the first small finance bank in India? A) Capital Small Finance Bank Limited. B) Jana Small Finance Bank. C) Ujjivan Financial Services Pvt Ltd. D) AU Small Finance Bank. Show Answer Correct Answer: A) Capital Small Finance Bank Limited. 17. Under the guidelines issued on 2 Dec 2011, an NBFC-MFI should have minimum net owned funds of how much amount? A) Rs. 3 crore. B) Rs. 4 crore. C) Rs. 5 crore. D) Rs. 6 crore. Show Answer Correct Answer: C) Rs. 5 crore. 18. Which of the following is the situation in which large portion of majority is borrowed from broker of investor? A) Future investment. B) Forward investment. C) Leveraged investment. D) Non-leveraged investment. Show Answer Correct Answer: C) Leveraged investment. 19. Which of the following organisations provides guarantee to the exporters? A) Exim Bank. B) Export Credit Guarantee Corporation. C) Director General Foreign Trade. D) Reserve Bank of India. Show Answer Correct Answer: B) Export Credit Guarantee Corporation. 20. Who took over as the fourth Deputy Governor of the Reserve Bank of India (RBI) during July 2014? A) Subhash Sheoratan Mundra. B) Dr. Subir Gokarn. C) Anand Sinha. D) Urjit R. Patel. Show Answer Correct Answer: A) Subhash Sheoratan Mundra. ← 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