This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 37 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 37 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Banks these days have launched a new scheme product known as "Reverse Mortgage". The scheme is designed keeping which of the following groups of society in consideration? A) Youngsters who have just started earning. B) Defence personnel whose life is always at high risk. C) Senior citizens. D) Women who do not have independent source of income. Show Answer Correct Answer: C) Senior citizens. 2. RRBs are refinanced at A) 2% below the bank rate. B) 1% below the bank rate. C) 2% below the repo rate. D) 1% below the repo rate. Show Answer Correct Answer: A) 2% below the bank rate. 3. Who wrote the book The Problem of the Rupee-Its origin and its solution" , which gave the concept of RBI? A) B.R Ambedkar. B) Jawahar Lal Nehru. C) Lala Lajpat Rai. D) Dadabhai Naroji. Show Answer Correct Answer: A) B.R Ambedkar. 4. When two parties make an arrangement to exchange future cash flows, it is called: A) Options. B) Arbitrage. C) Swap. D) Futures. Show Answer Correct Answer: C) Swap. 5. NABARD provides refinance to A) Scheduled commercial banks. B) Co-operative banks. C) Regional rural banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. The number of regional offices of RBI is A) 20. B) 21. C) 22. D) 23. Show Answer Correct Answer: C) 22. 7. According to RBI Governor, which one of the following is a major challenge to its monetary policy? A) Policies of World Trade Organisation. B) High cost of imports. C) Fiscal deficit. D) Inflation and supportive recovery of Economy. Show Answer Correct Answer: D) Inflation and supportive recovery of Economy. 8. Which of the following activities can be undertaken by a Business Correspondent? A) Selling mutual fund products. B) Selling Pension products. C) Extending small credit on behalf of the banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. Which is a legal tender in a modern economy amongst the following? A) Currency notes. B) Cheques. C) Bank Draft. D) Promissory notes. Show Answer Correct Answer: A) Currency notes. 10. Liability-side of the balance-sheet comprises: A) Capital and reserve. B) Long-term liabilities. C) Current liabilities. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. How many type of Deposit accounts are offered by Bank? A) 2. B) 3. C) 4. D) 5. Show Answer Correct Answer: A) 2. 12. Increased interest rates, as is existing in the economy at present will . A) Lead to higher GDP growth. B) Lead to lower GDP growth. C) Mean higher cost of raw materials. D) Mean lower cost of raw materials. Show Answer Correct Answer: A) Lead to higher GDP growth. 13. Interest on national debt is included in..... A) GNP. B) NNP. C) Personal Income. D) National Income. Show Answer Correct Answer: A) GNP. 14. E-commerce is increasingly becoming a popular mode of doing business. What is this way of operating? A) Buying goods and services online from vendors. B) Placing orders on the phones. C) Getting 30 days credit period for payment. D) Payment has to be made in advance before goods/services are delivered. Show Answer Correct Answer: A) Buying goods and services online from vendors. 15. Structure of Basel II is based on how many pillars? A) Two. B) Ten. C) Four. D) Three. Show Answer Correct Answer: D) Three. 16. All Regional Rural Banks (RRBs) are required to maintain their entire Statutory Liquidity Ratio (SLR) in A) Government and other approved securities. B) Current accounts with sponsor banks. C) Time deposits with sponsor banks. D) Gold holdings only. Show Answer Correct Answer: A) Government and other approved securities. 17. What is the amount for accidental insurance cover in PMJDY? A) Rs. 1 lac. B) Rs. 2 lac. C) Rs. 50 lac. D) Rs. 10 lac. Show Answer Correct Answer: B) Rs. 2 lac. 18. How much percentage of its funds can be held by payments banks in current and time deposit with Scheduled Commercial Bank? A) 25%. B) 40%. C) 50%. D) 75%. Show Answer Correct Answer: A) 25%. 19. Which of the following does not come under the category of development banks? A) Industrial Development Bank of India. B) Small Industries Development Bank of India. C) Industrial Investment Bank of India. D) State Finance Corporation. Show Answer Correct Answer: B) Small Industries Development Bank of India. 20. The Public Debt Office of the Reserve Bank of India A) Is a central depository for all types of Government securities except Treasury Bills. B) Attends to the function of note issue the Reserve Bank of India. C) Is responsible for maintaining external value of rupee. D) Controls balance of payment position of the Government of India. Show Answer Correct Answer: A) Is a central depository for all types of Government securities except Treasury Bills. ← 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