This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 29 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 29 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. RBI prescribes the cash reserve ratio to be maintained by banks as part of prudential norms. In what way is this cash reserve maintained by the banks? A) It is kept as reserves of gold with RBI. B) It is maintained as cash with RBI. C) Each bank keeps the reserve in their respective head offices. D) It is maintained as investments in government bonds. Show Answer Correct Answer: B) It is maintained as cash with RBI. 2. Which of the following is the major marine food export item of India? A) Frozen Fish. B) Frozen Shrimp. C) Frozen Crab. D) Cephalopod. Show Answer Correct Answer: A) Frozen Fish. 3. How many banks are there in India which have been authorized to deal in Foreign Exchange? A) 64. B) 82. C) 92. D) 107. Show Answer Correct Answer: B) 82. 4. CRR refers to the share of.....that rural banks have to maintain with RBI of their net demand and time liabilities? A) Liquid cash. B) Gold. C) Forex reserves. D) Illiquid cash. Show Answer Correct Answer: A) Liquid cash. 5. Which of the following are the roles of Self Help Groups? A) Income generation for poor. B) Access to banks for poor, financial inclusion. C) Social Upliftment of marginal sections. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. Foreign Exchange is also called as which of the following? A) Domestic Monetary Unit. B) Foreign Monetary Unit. C) International Monetary Unit. D) None of the Above. Show Answer Correct Answer: B) Foreign Monetary Unit. 7. Financial year in banks is a period from A) January to December. B) May to June. C) April to March. D) January to April. Show Answer Correct Answer: C) April to March. 8. Non-Banking Financial Companies (NBFC) are registered under which act? A) Companies Act, 1970. B) Companies Act, 1956. C) Companies Act, 1967. D) Companies Act, 1958. Show Answer Correct Answer: B) Companies Act, 1956. 9. Indian Stock Market deals in..... A) Shares. B) Debentures. C) Forward Contracts. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. Capital Market Regulator is [BOB 2008] A) RBI. B) IRDA. C) NSE. D) SEBI. Show Answer Correct Answer: D) SEBI. 11. RBI has recently deregulated the rates of interest to be provided by various banks to their depositors/customers with effect from 25th October, on their accounts. A) Time deposit. B) Saving bank. C) Loan. D) Fixed deposit. Show Answer Correct Answer: B) Saving bank. 12. One of the delivery channel for Micro Finance is SHG model. SHG means? A) Soar Help Group. B) Sake Help Group. C) Self Hope Group. D) Self Help Group. Show Answer Correct Answer: D) Self Help Group. 13. Basel I, which was issued in 1988, focuses on the A) Capitaladequacyoffinancialinstitutions. B) Improvement of the banking sector's ability to deal with financial and economic stress. C) Technology upgradation. D) Training of banking staff. Show Answer Correct Answer: A) Capitaladequacyoffinancialinstitutions. 14. Personal Loans are also called as by which of the following names? A) Signature Loans. B) Unsecured Loans. C) Consumer Loans. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 15. ICICI started merchant banking in which of the following years? A) 1980. B) 1978. C) 1981. D) 1974. Show Answer Correct Answer: D) 1974. 16. Reserve Bank of India relies on data submitted by Banks and quality of data is of great importance. In order to meet the need for correct and consistent data, RBI has initiated the project on ADF. What is the full form of ADF? A) Automated Data Flow. B) Automatic Document Feeder. C) Automatically Defined Function. D) Automatic Direction Finder. Show Answer Correct Answer: A) Automated Data Flow. 17. In India, main Products of Retail Banking are..... A) Loan products. B) Card Products. C) Deposit Products. D) All of these. Show Answer Correct Answer: D) All of these. 18. What is RS.future trading'? A) A trade between any two stock exchanges. B) An agreement between two parties to buy or sell an underlying asset in the future at a. C) An agreement between stock exchanges that they will not trade the stocks of each other. D) None of the above. Show Answer Correct Answer: B) An agreement between two parties to buy or sell an underlying asset in the future at a. 19. Investment of CIC in the equity shares in group companies constitutes not less than how much percent of its net assets? A) 60%. B) 70%. C) 50%. D) 80%. Show Answer Correct Answer: A) 60%. 20. S.K. Jain, who was arrested by the CBI on charges of allegedly accepting a bribe of Rs. 50 lakh to enhance the credit limit of some companies, was the Chairman and Managing Director (CMD) of which publicsector bank? A) Syndicate Bank. B) Indian Bank. C) Oriental Bank of Commerce. D) UCO Bank. Show Answer Correct Answer: A) Syndicate Bank. ← 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