This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 32 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 32 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following rates signals the RBI's long-term outlook on interest rates? [Allahabad Bank 2011] A) Repo Rate. B) Reverse Repo Rate. C) Bank Rate. D) SLR. Show Answer Correct Answer: C) Bank Rate. 2. The formation of the 14th Finance Commission in India has been finalized. Who has been appointed to head the commission? A) D. Subba Rao. B) Y. V. Reddy. C) Montek Singh Ahluwalia. D) Raghuram Rajan. Show Answer Correct Answer: B) Y. V. Reddy. 3. The definition of 'Banking' is given in..... A) Negotiable Instrument Act. 1881. B) RBI Act, 1934. C) The Banking Regulation Act, 1949. D) The Indian Contract Act, 1872. Show Answer Correct Answer: C) The Banking Regulation Act, 1949. 4. Which is India's largest Banking Correspondent company? A) Airtel. B) FINO. C) YONO. D) Reliance. Show Answer Correct Answer: B) FINO. 5. In the first phase of nationalisation of banks how many banks were nationalised? A) 19. B) 26. C) 27. D) None of these. Show Answer Correct Answer: D) None of these. 6. The commercial bank do not have unlimited power of credit creation. Their power to create credit is limited due to A) Amount of cash received by the bank. B) Banking habits of the people. C) Leakages in credit creation. D) None of these. Show Answer Correct Answer: D) None of these. 7. Immediately prior to change in the measure of Food Inflation, which of the following indexes was being used for measuring it? A) Wholesale Price Index. B) Consumer Price Index. C) Interest Rates offered by banks on deposits. D) Sensex and Nifty. Show Answer Correct Answer: A) Wholesale Price Index. 8. Exim Bank also provides A) Refinance facilities. B) Consultancy and technology services. C) Services of finding foreign markets for exporters. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. A bank which acts as a banker of other banks is called A) Saving bank. B) Commercial bank. C) Investment bank. D) Central bank. Show Answer Correct Answer: D) Central bank. 10. The Banking Ombudsman Scheme is introduced under which of the following sections in Banking Regulation Act, 1949? A) Section 25 A. B) Section 30 A. C) Section 40 A. D) Section 35 A. Show Answer Correct Answer: D) Section 35 A. 11. Which of the following does not give a difference between a hire purchase and a normal purchase? A) Timing of payment for asset. B) Total cost of asset. C) Quality of asset purchased. D) Legal ownership of asset. Show Answer Correct Answer: C) Quality of asset purchased. 12. The central co-operative banks are in direct touch with A) Farmers. B) State co-operative banks. C) Land development banks. D) Central government. Show Answer Correct Answer: B) State co-operative banks. 13. 'Unit Banking System' is that system where an individual bank undertakes the banking business A) Through a single office. B) Through a few branches operating within a limited area. C) Both B and C. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. Which among the following is/are correct regarding Money Market? A) Money Market is a market for short-term funds. B) Maturity in this market ranging from overnight to one year. C) The basic function of money market is to provide efficient liquidity position. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Public sector based Central Bank during July 2014 announced its plans to sell 4% of its stake to LIC for Rs. 581 crore. This stake sale is planned to meet bank's capital requirement of Rs. 2, 000 crore this fiscal. With this proposed sale Union Govt.'s holding in Central Bank would come down to . A) 78%. B) 80%. C) 84%. D) 0.88. Show Answer Correct Answer: C) 84%. 16. Which country the Shinhan Bank belongs to? A) China. B) Japan. C) South Korea. D) Thailand. Show Answer Correct Answer: C) South Korea. 17. What is the function of a Central Bank? A) Foreign exchange management. B) Managing currency. C) Money Supply management. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. How much money is the Central Government required to maintain as minimum cash balance with RBI on a daily basis? A) Rs 50 crore. B) Rs 10 crore. C) Rs 1 crore. D) Rs 1000 crore. Show Answer Correct Answer: B) Rs 10 crore. 19. Which of the following terms is/are related with finance and banking? A) Velocity. B) Displacement. C) Badla. D) Centigrade. Show Answer Correct Answer: C) Badla. 20. In which year National Bank for Agriculture and Rural Development (NABARD) was established in..... A) 1991. B) 1982. C) 1952. D) 1968. Show Answer Correct Answer: B) 1982. ← 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