This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 31 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 31 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. First PCR was established in which of the following country? A) Japan. B) Germany. C) Australia. D) Sweden. Show Answer Correct Answer: B) Germany. 2. What is the duration for which RBI makes the WMA to the state governments? A) 30 days. B) 60 days. C) 90 days. D) 180 days. Show Answer Correct Answer: C) 90 days. 3. What was the objective of starting cooperative banking in India? A) To act as competitors to commercial banks. B) To be solely for the agriculture sector. C) To start self help groups. D) To replace moneylenders and indigenous bankers. Show Answer Correct Answer: D) To replace moneylenders and indigenous bankers. 4. When RBI reduce the CRR it results into A) Decrease in deposit. B) Increase in deposit. C) Increase in lendable resources. D) Decrease in lendable resources. Show Answer Correct Answer: C) Increase in lendable resources. 5. Which country BNP Paribas bank belongs to? A) Netherlands. B) Canada. C) France. D) Portugal. Show Answer Correct Answer: C) France. 6. The lead bank scheme for public sector banks does not cover A) Metropolitan cities. B) All states and union territories. C) Backward distance. D) Rural areas only. Show Answer Correct Answer: A) Metropolitan cities. 7. On march 1, 1992, Reserve Bank of India announced a new system of exchange rates known as A) Partial convertibility. B) Liberalized exchange rate system. C) Both A and B. D) None of these. Show Answer Correct Answer: C) Both A and B. 8. Which of the following organisations releases "World Economic Outlook" Report? A) Asian Development Bank. B) World Bank. C) International Monetary Fund. D) World Trade Organisation. Show Answer Correct Answer: C) International Monetary Fund. 9. Who among the following finalised Lead Bank scheme? A) Government of India. B) IRDA. C) RBI. D) None of the above. Show Answer Correct Answer: C) RBI. 10. Which international finance entity launched a$ 2.5-billion onshore Indian rupee bond programme recently so as to strengthen the capital market and support infrastructure development in India? A) International Union for Housing Finance (IUHF). B) International Finance Corporation (IFC). C) International Finance Organisation (IFO). D) Public Finance International (PFI). Show Answer Correct Answer: B) International Finance Corporation (IFC). 11. Which of the following is not considered a money market instrument? A) Treasury bills. B) Repurchase Agreement. C) Commercial Paper. D) Shares and bonds. Show Answer Correct Answer: D) Shares and bonds. 12. Which of the following company started the first Factoring business service in India? A) SBI Factors and Commercials Limited. B) IFCI Factors Limited. C) Siemens Factoring Private Limited. D) Canbank Factors Limited. Show Answer Correct Answer: A) SBI Factors and Commercials Limited. 13. If some people wish to start a banking company in India, they certainly need a permission of the A) Indian Banks Association. B) Institute of Chartered Accountants in India. C) Ministry of Finance. D) Reserve Bank of India. Show Answer Correct Answer: D) Reserve Bank of India. 14. The National Rural Employment Guarantee Act is now known by which of the following names? A) Indira Gandhi Rural Employment Guarantee Act. B) Rajiv Gandhi Rural Employment Guarantee Act. C) Jawaharlal Nehru Rural Employment Guarantee Act. D) Mahatma Gandhi Rural Employment Guarantee Act. Show Answer Correct Answer: D) Mahatma Gandhi Rural Employment Guarantee Act. 15. Which of these is not a new private sector bank? A) IDFC. B) Axis Bank. C) Lakshmi Vilas Bank. D) Kotak Mahindra Bank. Show Answer Correct Answer: C) Lakshmi Vilas Bank. 16. National Federation of Sate Co-operative Banks A) Provides a common forum to the member banks. B) Promotes and protects the interests of the member banks. C) Co-ordinate and liaison with Government of India and RBI. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Which is the principal institution for promotion, financing and development of small scale industries in the country? A) RBI. B) SBI. C) IDBI. D) SIDBI. Show Answer Correct Answer: D) SIDBI. 18. Which schedule of Reserve Bank of India Act, 1934 contains the list of Scheduled Banks in India? A) 1st. B) 2nd. C) 3rd. D) 4th. Show Answer Correct Answer: B) 2nd. 19. Which of these states are not served by RBI as its banker? A) Goa. B) Assam. C) Sikkim. D) Arunachal Pradesh. Show Answer Correct Answer: C) Sikkim. 20. Which of the following best describes the Securities and Exchange Board of India? A) SEBI is the regulator for the capital markets. B) SEBI protects the interest of investors. C) SEBI is for ethical practices. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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