This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 26 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 26 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is the objective of Financial Stability and Development Council? A) To address inter-regulatory issues only. B) To focus on financial literacy only. C) To focus on financial inclusion only. D) All the above. Show Answer Correct Answer: D) All the above. 2. Banks, today, in addition to normal banking services, offer which of the following services? [Corporation Bank 2011] A) Internet Banking. B) Depository Services. C) Financial Counselling Services. D) All the above. Show Answer Correct Answer: D) All the above. 3. Parallel economy emerges due to A) Tax Avoidance. B) Tax Evasion. C) Tax Compliance. D) Tax Estimation. Show Answer Correct Answer: A) Tax Avoidance. 4. Financial inclusion is being emphasised by RBI for A) Providing basic banking services to the unbanked areas. B) Providing loans to the unbanked population. C) Opening accounts for the poor. D) Bringing branches of all banks under one authority. Show Answer Correct Answer: A) Providing basic banking services to the unbanked areas. 5. Gilt-Edged market means..... A) Bull Market. B) Gun Market. C) Market of Government Securities. D) Market of Pure Metal. Show Answer Correct Answer: C) Market of Government Securities. 6. RBI reduced the Marginal Standing Facility (MSF) Rate to 9% from A) 9.50%. B) 9.30%. C) 9.80%. D) 0.099. Show Answer Correct Answer: A) 9.50%. 7. Which section of the RBI Act allows the RBI to form rules regarding the exchange of damaged and imperfect notes? A) 17. B) 21. C) 28. D) 42(1). Show Answer Correct Answer: C) 28. 8. According to "Micro small medium enterprise development Act-2006 (MSME Act-2006)" investment limit for micro enterprise in manufacturing sector is A) Less than Rs. 10 lakh. B) Less than Rs. 25 lakh. C) Rs. 50 lakh. D) Rs. 20 crore. Show Answer Correct Answer: B) Less than Rs. 25 lakh. 9. What is the share of Sponsor Banks in the Regional Rural Banks? A) 75%. B) 25%. C) 15%. D) 35%. Show Answer Correct Answer: D) 35%. 10. An account in which trading of shares in their electronic form is done, is known as A) D-mat account. B) NRI account. C) NRIO account. D) Current account. Show Answer Correct Answer: A) D-mat account. 11. When a bank returns a cheque unpaid, it is called [IBPS 2011] A) Payment of the cheque. B) Drawing of the cheque. C) Cancelling of the cheque. D) Dishonor of the cheque. Show Answer Correct Answer: D) Dishonor of the cheque. 12. Who of the following plays the vital role in setting up of National Housing Bank? A) K. R. Puri. B) Dr. Minoan Singh. C) C. Rangarajan. D) None of the Above. Show Answer Correct Answer: C) C. Rangarajan. 13. Coins which were minted in with the 'Hand Picture' are available since (IOB 2010) A) Independence. B) 1965. C) 2000. D) 2005. Show Answer Correct Answer: D) 2005. 14. Raising or lowering of the central bank discount rate is known as..... A) Bank rate policy. B) Open market operation. C) Cash reserve ratio. D) B and C. Show Answer Correct Answer: A) Bank rate policy. 15. What is the maximum amount of loan available to individuals on securities of demat shares? A) RS.10 lacs. B) RS.15 lacs. C) RS.20 lacs. D) RS.25 lacs. Show Answer Correct Answer: C) RS.20 lacs. 16. Which of these is used as promise from a bank to make a payment assuming certain conditions are met? A) Cash Credit. B) Over Draft. C) Letter of Credit. D) Term Loan. Show Answer Correct Answer: C) Letter of Credit. 17. What are the benefits of leasing to other companies? A) Interest Revenue. B) High Residual Values. C) Tax Incentives. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 18. For which of the following reasons, NABARD has set up joint liability groups (JLG) of farmers? A) To facilitate delivery of credit to farmers. B) To facilitate better delivery of credit to farmers through informal sources. C) To facilitate better delivery of credit to share croppers and those who do not have their own land. D) To facilitate better delivery of credit to farmers through Panchayats. Show Answer Correct Answer: C) To facilitate better delivery of credit to share croppers and those who do not have their own land. 19. Primary Deficit is obtained by subtracting.....from fiscal deficit. A) Revenue Deficit. B) Depreciation. C) Borrowings. D) Interest Payment. Show Answer Correct Answer: D) Interest Payment. 20. Which statement is not correct about Capital Adequacy Ratio? A) It is a thermometer of Bank's Health. B) It is the ratio of its Capital to its Risk. C) It can indicate the Capacity of the Bank's ability to absorb the possible losses. D) A good CAR makes vulnerable to the Depositors and lose faith in the banking system. Show Answer Correct Answer: D) A good CAR makes vulnerable to the Depositors and lose faith in the banking system. ← 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