This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 34 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 34 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following markets enable new issues of equity and debt to be traded? A) Secondary markets. B) Discount markets. C) Primary capital markets. D) Gilt repo market. Show Answer Correct Answer: C) Primary capital markets. 2. When did RBI stop acting as the currency issuing authority of Burma? A) 1941. B) 1942. C) 1943. D) 1947. Show Answer Correct Answer: B) 1942. 3. What was the name of the first person in India who was given an Aadhaar Identity number? A) Sonia Gandhi. B) Nandan Nilekani. C) Ranjana Sonawane. D) Atul Bhushan Pandey. Show Answer Correct Answer: C) Ranjana Sonawane. 4. If the Reserve Bank of India sells securities in the market it will result in..... A) An immediate change in the Bank rate. B) A fall in the market rate of interest. C) An increase in loans to Bank customers. D) A reduction in Bank deposits. Show Answer Correct Answer: D) A reduction in Bank deposits. 5. A leveraged lease is a three-sided agreement among the following: A) Lessee, lessor and lender. B) Lessor, commercial bank, and insurance company. C) A and b. D) None of the above. Show Answer Correct Answer: C) A and b. 6. Which of the following units guarantees that all buying and selling will be made by traders? A) Clearing house. B) Trading house. C) Guarantee house. D) Professional house. Show Answer Correct Answer: A) Clearing house. 7. Which is the 3rd largest foreign bank of India in terms of branches? A) HSBC. B) Citi. C) Standard Chartered. D) Royal bank of Scotland. Show Answer Correct Answer: A) HSBC. 8. What are Time Liabilities? A) The liabilities which Bank have to pay on demand. B) The liabilities which Bank have to pay after specific time period. C) The liabilities which Bank have to pay to the Reserve Bank of India. D) The liabilities which Bank have to pay to the central government. Show Answer Correct Answer: B) The liabilities which Bank have to pay after specific time period. 9. WhichofthefollowingisNOTaGovernment of India undertaking? A) Oil India Ltd. B) Sutlej Jal Vidyut Nigam Ltd. C) ICICI Bank. D) National Thermal Power Corporation Ltd. Show Answer Correct Answer: C) ICICI Bank. 10. RBI has sold its entire stake except 1% in which of the following organisations? A) DICGC. B) NABARD. C) SIDBI. D) National Housing Bank. Show Answer Correct Answer: B) NABARD. 11. Interest on savings bank account is now calculated by banks on A) Minimum balance during the month. B) Minimum balance from 7th to last day of the month. C) Minimum balance from 10th to last day of the month. D) Daily product basis. Show Answer Correct Answer: D) Daily product basis. 12. Which of the following NBFCs provides finance to the public whether by making loans or advances? A) Asset Finance Company. B) Investment Company. C) Loan Companies. D) Infrastructure Finance Company. Show Answer Correct Answer: C) Loan Companies. 13. Which of the following limits the power of credit creation by Commercial Bank? A) Fiscal Policy. B) Banking Loan. C) Business Possession. D) None of the above. Show Answer Correct Answer: D) None of the above. 14. Lending to Micro Finance Institutions by banks is considered as finance to A) Non priority sector. B) Priority sector. C) Commercial sector. D) Agriculture sector. Show Answer Correct Answer: B) Priority sector. 15. What is the meaning of the term Repayment Capacity? A) It is how much you pay in each EMI. B) It is the time in which one can repay Housing Loan. C) None of the options. D) It is based on your monthly disposable income and other factors like spouse's income, assets,. Show Answer Correct Answer: D) It is based on your monthly disposable income and other factors like spouse's income, assets,. 16. Banks in their daily business, face various kinds of risks. Which of the following is one such major risk? A) Customer risk. B) Reputation. C) Goodwill risk. D) Operational risk. Show Answer Correct Answer: D) Operational risk. 17. Land development banks provide longterm credit for schemes of basic importance to agriculture as A) Minor irrigation purposes like wells, dug-cum-bore wells, tubewells, pump sets and irrigation tanks. B) Mechanisation of agriculture i.e., loans for purposes of tractors, power tillers, threshers, etc. C) Land reclamation, soil conservation, plantation of fruit orchards, dairy development schemes etc involving heavy expenditure. D) All. Show Answer Correct Answer: D) All. 18. Which of the following will replace the present tax structure like income tax, corporate tax etc from next year? A) GST. B) CENVAT. C) DTC. D) MODVAT. Show Answer Correct Answer: C) DTC. 19. Which of the following will be considered as an advance to Priority Sector by the banks? A) Credit to farmers for agricultural purposes. B) Loan to a group of doctors to establish a hospital in a city. C) Loan to a sick mill owner. D) Loans given to purchase houses in posh colonies. Show Answer Correct Answer: A) Credit to farmers for agricultural purposes. 20. The depreciation on an asset purchased through hire purchase should be which of the following? A) Should be straight line only. B) Based on the cost price of the asset only. C) Based on the total cost including interest. D) No depreciation should be provide until the final payment is made. Show Answer Correct Answer: B) Based on the cost price of the asset only. ← 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