This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 33 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 33 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A company which pools money from investors and invests in stocks, bonds and shares is called A) A bank. B) An insurance company. C) Bank assurance. D) Mutual fund. Show Answer Correct Answer: D) Mutual fund. 2. The word 'Bank' is derived from A) German word 'back' which means a joint stock fund'. B) Italian word 'banco'. C) Words 'bancus' or banque' which means 'a bench'. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. FPO means? A) Follow on Public Offer. B) First Public Offer. C) Follow on Private Offer. D) Firm on Public Offer. Show Answer Correct Answer: A) Follow on Public Offer. 4. Infrastructure debt funds are sponsored by which of the following? A) SEBI. B) NBFCs. C) Cooperative society. D) SBI. Show Answer Correct Answer: B) NBFCs. 5. Which of the following is NOT a part of the Ministry of Finance? A) Department of Financial Services. B) Department of Expenditure. C) Department of Revenue. D) Department of Resource Planning. Show Answer Correct Answer: D) Department of Resource Planning. 6. How many banks were nationalised in 1980? A) 5. B) 6. C) 7. D) 8. Show Answer Correct Answer: B) 6. 7. Which of the following has availed the Liberalised Remittance Scheme? A) RBI. B) NABARD. C) Government of India. D) None of the above. Show Answer Correct Answer: A) RBI. 8. What is the frequency of publishing of the report on management od FOREX Exchange Reserves (FER) by RBI? A) Monthly. B) Quarterly. C) Annually. D) Half year. Show Answer Correct Answer: D) Half year. 9. In international banking system, what does the TIBOR stands for? A) Tokyo Interbank Offered Rate. B) Taiwan Interbank Offered Rate. C) Thailand Interbank Offered Rate. D) Tongling Interbank Offered Rate. Show Answer Correct Answer: A) Tokyo Interbank Offered Rate. 10. Which of these accounts can be opened in a Payment Bank? A) Savings Account. B) Current Account. C) Both A and B. D) None. Show Answer Correct Answer: C) Both A and B. 11. ESOP means A) Employee stock option play. B) Employee shair object plan. C) Employee stock option plan. D) Enter shair object plan. Show Answer Correct Answer: C) Employee stock option plan. 12. Why do banks borrow money in the call money market? A) To meet sudden demand for funds arising out of large outflows. B) To fill the temporary mismatches in funds. C) To meet the Statutory reserve requirements. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. The first five year plan was started in..... A) 1939. B) 1949. C) 1951. D) 1956. Show Answer Correct Answer: C) 1951. 14. Selling of securities in the open market by the central bank creates A) Inflation. B) Deflation. C) Both of the above. D) None of the above. Show Answer Correct Answer: B) Deflation. 15. Which of the following measures have been taken to enlarge resources available to RRBs? A) Lines of credit at a reasonable rate of interest from sponsor banks. B) Access to inter-RRB term money/borrowings. C) Access to repo/CBLO markets. D) All of the above. Show Answer Correct Answer: D) All of the above. 16. The cooperative movement in which of the following fields has achieved a great visible success in India? A) Milk production. B) Banking sector. C) Textile sector. D) Cotton production. Show Answer Correct Answer: C) Textile sector. 17. Which of the following fall under the qualitative method of credit control adopted by RBI? A) Selective credit control. B) Moral suasion. C) Credit authorization scheme. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. A cheque crossed as 'Payees a/c only" is direction to A) The payee not to negotiate the cheque. B) The paying banker to ensure that the proceeds of the cheque are credited to the payees a/c only. C) The collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only. D) None of the above. Show Answer Correct Answer: C) The collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only. 19. Which of the following cannot be called an anti-inflationary measure? A) Raising the Bank Rates. B) Raising the Reserve Ratio Requirements. C) Purchasing securities in the Open Markets. D) Rationing of the Credit. Show Answer Correct Answer: C) Purchasing securities in the Open Markets. 20. Which one of the following is not a priority sector lending by Commercial Banks in India at present? A) Agriculture. B) Small Scale Industries. C) Export. D) Weaker Section. Show Answer Correct Answer: C) Export. ← 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