This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A limited company is..... A) In which shareholders possess the ownership limited to their paid up capital. B) In which shares are issued. C) A company of Govt. ownership. D) A registered company. Show Answer Correct Answer: A) In which shareholders possess the ownership limited to their paid up capital. 2. Recently RBI issued new guidelines on loan restructuring of Non-banking Financial Companies (NBFCs). The guidelines were based on the recommendation of which Committee? A) Nachiket Mor Committee. B) Urijit Patel Committee. C) Bimal Jalan Committee. D) B. Mahapatra Committee. Show Answer Correct Answer: D) B. Mahapatra Committee. 3. With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country A) Registration. B) Nomination. C) Indemnity. D) Guarantee. Show Answer Correct Answer: B) Nomination. 4. Which of the following restrictions apply for opening BSBDA by banks for individuals? A) Age. B) Income. C) Amount. D) None of these. Show Answer Correct Answer: D) None of these. 5. Where does the headquarters of CRISIL situated? A) Mumbai. B) Delhi. C) Haryana. D) Kolkata. Show Answer Correct Answer: A) Mumbai. 6. Which of the following NBFCs are engaged in the principal business of financing physical assets? A) Investment Company. B) Loan Companies. C) Asset Finance Company. D) Infrastructure Finance Company. Show Answer Correct Answer: C) Asset Finance Company. 7. The main function of the IMF is A) To help solve balance-of-payments problems of member countries. B) To arrange international deposits from banks. C) To act as private sector lending arm of the World Bank. D) To finance investment loans to developing countries. Show Answer Correct Answer: A) To help solve balance-of-payments problems of member countries. 8. Credit rating is A) Used to rate the borrowers while giving advances. B) Used to work out performance of the employees. C) Used to calculate the number of excellent audit rated branches. D) Not used in any bank. Show Answer Correct Answer: D) Not used in any bank. 9. What is the maximum duration for which term money can be lent/borrowed? A) 1 day. B) 15 days. C) 30 days. D) 1 year. Show Answer Correct Answer: D) 1 year. 10. Maximum maturity days of holding commercial paper are A) 170 days. B) 270 days. C) 120 days. D) 5 days. Show Answer Correct Answer: B) 270 days. 11. Who is a very senior citizen? A) A person who is 65 years and above. B) A person who is 75 years and above. C) A person who is 80 years and above. D) A person who is 90 years and above. Show Answer Correct Answer: A) A person who is 65 years and above. 12. India's economic freedom score in 2014 stands at 5 5.7 and on the basis of it, India has been placed at.....rank in the list of Economic Freedom Index 2014. A) 118th. B) 119th. C) 120th. D) 121th. Show Answer Correct Answer: C) 120th. 13. Resident foreign currency account can open only for..... A) Scheduled commercial banks. B) Public sector banks. C) Private sector Banks. D) Regional Rural banks. Show Answer Correct Answer: A) Scheduled commercial banks. 14. Where is the headquarters of SIDBI located? A) Nagpur. B) Pune. C) Lucknow. D) Mumbai. Show Answer Correct Answer: C) Lucknow. 15. The panel headed by C. Rangarajan, former Chairman of PMEAC (Prime Minister's Economic Advisory Council), has dismissed the Suresh Tendulkar Committee report on estimating poverty. The report submitted by Rangarajan to Planning Minister Rao Inderjit Singh recently stated that the number of poor in India was much higher in 2011-12 at 29.5% of the population. What was the poverty figure stated for the same year in the Suresh Tendulkar Committee report, which was severely criticized for its findings? A) 38.20%. B) 29.50%. C) 21.90%. D) 20.25%. Show Answer Correct Answer: C) 21.90%. 16. Which among the following will settle the grievances of customers of banks? A) State Bank of India. B) Banking Ombudsmen. C) Local Courts. D) Nationalised Banks. Show Answer Correct Answer: B) Banking Ombudsmen. 17. Which Bank launches voice password facility for users? A) Axis. B) ICICI. C) HDFC. D) Kotak Mahindra Bank. Show Answer Correct Answer: B) ICICI. 18. Which of the following is not considered one among the loans under Retail Banking? A) Car loan. B) Housing loan. C) Personal loan. D) Infrastructure loan. Show Answer Correct Answer: D) Infrastructure loan. 19. Which one of the following is a source of non-tax revenue for Government of India? A) Import duty on cars. B) Octroi at cheek points on roads. C) Entrance fee on museums. D) Excise duty on beverages. Show Answer Correct Answer: C) Entrance fee on museums. 20. Banker-Customer relationship is often considered a fiduciary one. What is this relation based on? A) Contract. B) Faith. C) Commercial. D) Agent and principal. Show Answer Correct Answer: B) Faith. ← PreviousNext →Related QuizzesBanking QuizzesBanking Affairs Quiz 1Banking Affairs Quiz 2Banking Affairs Quiz 4Banking Affairs Quiz 5Banking Affairs Quiz 6Banking Affairs Quiz 7Banking Affairs Quiz 8Banking Affairs Quiz 9Banking Affairs Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books