This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 27 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 27 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Foreign currencies are represented in various abbreviations. What is meant by USD? A) US Dollar. B) UAE Dinar. C) Unit of Cunency of Denmark. D) Ukrainian Soviet Dollar. Show Answer Correct Answer: A) US Dollar. 2. Which of the following terms is used in the field of Finance and Banking? A) Gauge pressure. B) Quantum number. C) Adjustment credit. D) Absolute zero. Show Answer Correct Answer: C) Adjustment credit. 3. The rate on which banks borrow from the RBI is called.....[Punjab & Sindh 2010] A) SLR. B) CRR. C) Interest Rate. D) Repo Rate. Show Answer Correct Answer: D) Repo Rate. 4. In production sector, a small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed how much amount? A) Rs 2 crore. B) Rs 3 crore. C) Rs 5 crore. D) Rs 10 crore. Show Answer Correct Answer: C) Rs 5 crore. 5. The maximum Statutory Liquidity Ratio to be maintained by banks is..... A) 25%. B) 30%. C) 35%. D) 40%. Show Answer Correct Answer: D) 40%. 6. Which of the following conditions are required to be fulfilled by a Regional Rural Bank (RRB) to be eligible for opening of new branches? A) It should not have defaulted in maintenance of SLR and CRR during the last 2 years. B) It should be making operational profits. C) Its net worth shouldshow improvement and its net NPA ratio should not exceed 8%. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. A-card stores and provides indentification authentication, data storage and application processing applications A) Debit Card. B) Smart Card. C) Credit Card. D) ATM Card. Show Answer Correct Answer: A) Debit Card. 8. Which of the following is not a function of the RBI? (Bank PO 2010) A) Maintaining Forex. B) Deciding Bank Rate, CRR and SLR from time to time. C) Opening Savings Accounts for general public. D) Prescribing the Capital Adequancy Ratio. Show Answer Correct Answer: C) Opening Savings Accounts for general public. 9. Which of the following agencies/organisations has decided to make major changes for ULIPs? A) IRDA. B) RBI. C) AMFI. D) FRBI. Show Answer Correct Answer: A) IRDA. 10. Which of the following in India formulates the fiscal policy? A) Finance Commission. B) RBI. C) Ministry of Finance. D) Planning Commission. Show Answer Correct Answer: C) Ministry of Finance. 11. The first Indian bank to open a branch outside India in London in 1946? A) SBI. B) PNB. C) BOB. D) BOI. Show Answer Correct Answer: D) BOI. 12. Financial inclusion is meant for? A) Less provilged persons. B) Senior citizens. C) Micro finance institutions. D) All of the above. Show Answer Correct Answer: A) Less provilged persons. 13. 'Sub-prime Lending is a term applied to the loans made A) Those borrowers who do not have a good credit history. B) Those who wish to take loan against the mortgage of tangible assets. C) Those who have a good credit history and are known to bank since 10 years. D) Those borrowers who are most preferred customers of the bank. Show Answer Correct Answer: A) Those borrowers who do not have a good credit history. 14. Telecom Sector is considered as A) Priority sector. B) Non-priority sector. C) Infrastructural sector. D) Sector with special status. Show Answer Correct Answer: C) Infrastructural sector. 15. Money Laundering normally involves A) Placement of funds. B) Layering of funds. C) Integration of funds. D) All. Show Answer Correct Answer: D) All. 16. When was Deposit Insurance and Credit Guarantee Corporation established under RBI? A) 1976. B) 1978. C) 1981. D) 1969. Show Answer Correct Answer: B) 1978. 17. In index of financial inclusion has been launched for the first time in 2008 by A) BSE. B) NSE. C) ICRIER. D) CCI. Show Answer Correct Answer: C) ICRIER. 18. Who was the chairman of the committee formed by RBI to evaluate applications received for small finance banks in 2015? A) Nachiket Mor. B) Raghuram Ram Rajan. C) Urjit Patel. D) Usha Thorat. Show Answer Correct Answer: D) Usha Thorat. 19. Which of the following is not the name of the sensitive index of any stock exchange? A) SX 40. B) CRIS. C) Dow. D) Nifty. Show Answer Correct Answer: B) CRIS. 20. In what form the banks are required to maintain deposits with RBI under CRR? A) Cash. B) Government Securities. C) Gold. D) All of the above. Show Answer Correct Answer: A) Cash. ← 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